SINGAPORE PERSONALISED EMPLOYMENT PASS (PEP) GUIDE - Last updated June 2021

Page created by Kim Bates
 
CONTINUE READING
SINGAPORE PERSONALISED EMPLOYMENT PASS (PEP) GUIDE - Last updated June 2021
SINGAPORE
                                                    PERSONALISED
                                                    EMPLOYMENT PASS
                                                    (PEP) GUIDE

Copyright © 2021 In.Corp Global Pte Ltd. All rights reserved.              Last updated June 2021 | 1
Connect with us for the latest business updates:                Facebook         Twitter      LinkedIn
SINGAPORE PERSONALISED EMPLOYMENT PASS (PEP) GUIDE - Last updated June 2021
What is the Singapore Personalised
Employment Pass (PEP)?

A special category of Singapore work visa is called the Personalised           PEP Pre-requisites
Employment Pass (PEP), for top-tier professionals, and is not exclusive
                                                                               M    Employment Pass holders
to one employer. PEP holders do not need to reapply for a new pass when
                                                                                    who earn a fixed monthly
changing jobs and can just submit the PEP notification form to MOM.
                                                                                    salary of at least $12,000.
Thus, PEP holders have the freedom to pursue any desired employment
opportunity in Singapore. Their eligibility directly depends on the previous
                                                                               M    Overseas-based foreign
monthly salaries drawn.
                                                                                    professionals whose last
                                                                                    drawn fixed monthly salary
                                                                                    was at least $18,000.
         Advantages of the PEP
                                                                               PEP: the ideal work visa for exceptional
The PEP is a work visa which is issued to an applicant based on his/           foreign talents targeting Singapore.
her merits. The PEP features unique advantages that set it apart from
other work passes. For example, the PEP is independent of any employer,
rendering a PEP holder the flexibility and freedom to switch employers         Benefits of the PEP
without having the pass revoked. The PEP holder is also allowed to             The PEP gives you greater job
stay in Singapore for up to 6 months to evaluate career opportunities.         flexibility than other work passes:
This means he/she need not apply for a new employment pass when
changing jobs.                                                                 M    You can generally hold a job in
                                                                                    any sector. However, the PEP
                                                                                    does not exempt you from
However, these features also make it available only to the creme de la
                                                                                    complying with registration
creme who possess exceptional skills, qualifications or professional
                                                                                    requirements to practise in
track record.
                                                                                    Singapore      for   professions
                                                                                    such as medicine, dentistry,
The issuance of the PEP is managed by Singapore’s Ministry of Manpower              pharmacy, architecture, law,
(MOM).                                                                              etc.

Copyright © 2021 In.Corp Global Pte Ltd. All rights reserved.                              Last updated June 2021 | 2
Family Privileges                                                   M   You do not need to re-apply
                                                                               for a new pass if you change
A PEP holder may apply for Dependant’s Pass (DP) for his/her spouse,           jobs; you only need to notify
unmarried children under 21 years of age and including adopted                 the MOM.
child. He/she may also apply for Long-Term Visit Pass (LTVP) for their
common-law spouse, unmarried and handicapped children above 21 and         M   You can stay in Singapore for
unmarried step children below 21.                                              a continuous period of up to 6
                                                                               months without a job to search
                                                                               for new employment.
Parents of EP/PEP holder can apply for LTVP if their salary is above
$12,000.
                                                                           M   Based on merits - not tied to a
                                                                               specific employer.

        Options after PEP                                                  M   Valid for 3 years and non-
                                                                               renewable.
At the end of the PEP’s 3-year validity period, the pass holder has the
option to apply for an Employment Pass (EP) or a Permanent Residence       M   PEP holders are entitled to
(PR).                                                                          stay in Singapore for up to
                                                                               6 months in between jobs.
                  Personalised Employment Pass
                                                                           M   You are not allowed to start a
                                                                               business or conduct any form
                                             After 3 years
                                                                               of   entrepreneurial    activity
                                                                               while on a PEP. If you intend to
            Employment                                 Permanent               do so, you should apply for an
             Pass (EP)                               Residence (PR)            EntrePass.

       Requirements of PEP                                                      Next Steps
To keep holding a PEP, you must:
                                                                           Rikvin (An InCorp Company)
                                                                           offers PEP application services.
M Not be unemployed in Singapore for more than 6 months
  at any time. Otherwise, you will need to cancel the pass.
                                                                           If you wish to apply for the
                                                                           PEP, kindly contact us via
M Earn a fixed salary of at least $144,000 per calendar year,
                                                                           email ep@rikvin.com or
  regardless of the number of months you are in employment.
                                                                           call 6320 1888 for a free
                                                                           consultation.
M Notify MOM of the following:
      ƒ When you start or leave a job.
      ƒ If you change your contact details, such as local contact person
         or address.
      ƒ Your annual fixed salary. You need to declare it to MOM by 31
         January of every year.

Copyright © 2021 In.Corp Global Pte Ltd. All rights reserved.                       Last updated June 2021 | 3
End Note
Ms Mel A Bakar, Director of Immigration at Rikvin comments: “The PEP
was launched to attract talent of outstanding caliber to relocate to and
offer their expertise in Singapore. It blends a sense of stability as well
as flexibility in a unique way. Stability is offered due to the assurance of
continued stay, provided the holder is successfully employed within the
stipulated time. Flexibility, on the other hand, arises due to the freedom in
choosing one’s employment without any bureaucratic burden.”

“Both are important for talents in transit, who look for challenges but are
not willing to compromise on autonomy and growth. Eventually, some PEP
                                                                                “The PEP was launched to attract
holders are motivated to stay and “graduate” to the permanent residency         talent of outstanding caliber to
status. Hence, the PEP provides an avenue for a longer courtship period         relocate to and offer their expertise
with Singapore, and deserving professionals keen on longer-term future          in Singapore.“
in Singapore should definitely tap into it.”

Copyright © 2021 In.Corp Global Pte Ltd. All rights reserved.                            Last updated June 2021 | 4
RIKVIN PTE LTD. (AN INCORP COMPANY)
                                                                EA LICENSE NO. 11C3030
                                                                30 Cecil Street,
                                                                #19-08 Prudential Tower,
                                                                Singapore 049712

                                                                Phone:            +65 6812 1611
                                                                WhatsApp:         +65 8699 8821
                                                                E-mail:           info@incorp.asia
                                                                Website:          incorp.asia

                                                                OUR REGIONAL PRESENCE

                                                                The information contained herein is intended for general information
                                                                purposes only and shall not be regarded as professional advice. Readers are
                                                                therefore advised that before acting on any matter arising from these notes,
                                                                they should discuss their particular situation with the Firm. No liability can
                                                                be accepted for any action taken as result of reading the notes without prior
                                                                consultation with regard to all relevant factors.

                                                                FOLLOW US ON:

                                                                Copyright © 2021 In.Corp Global Pte Ltd. All rights reserved.
Copyright © 2021 In.Corp Global Pte Ltd. All rights reserved.                                             Last updated June 2021 | 5
You can also read