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Requirements for Singapore Employment Pass Eligibility by Rikvin Offshore
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Requirements for Singapore Employment Pass Eligibility |
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Business,Boating,Buddhism
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There are three categories of Employment Passes in Singapore: the P1 Employment Pass, P2 Employment Pass and Q1 Employment Pass. Before considering to apply for a particular employment pass, it is important that you possess all the required criteria to be eligible for the employment pass you are applying for. The basic requirements to be eligible for a Singapore Employment Pass is that the foreigner applicant must have a fixed monthly salary of at least S$2,500 and must possess the recognized qualifications which includes acceptable degrees, professional qualifications or specialist skills. The Ministry of Manpower (MOM) is the authority that evaluates each EP application and qualification, based on a criteria that includes the following: global and country institution rankings by independent accreditation boards, hiring history by top companies in Singapore, validation by HR consultants in listed countries, employment outcome of the institution's graduates, and the institution's enrollment standards. In addition to the foregoing basic requirements of monthly salary and recognized qualifications for a Singapore EP, each of the three categories of EPs have specific eligibility requirements and this article will discuss each of these categories briefly: P1 Employment Pass A P1 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$7,000. P2 Employment Pass A P2 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$3,500 and not more than S$7,000. Q1 Employment Pass A Q1 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$2,500 and not more than S$3,500. An applicant who does not possess the recognized qualifications as discussed in the first part of this article can still be eligible for a Q1 EP provided he possesses compensatory factors such as skills and years of experience, depending on the discretion of the MOM. A minimum of 5 years of relevant work experience is a plus factor. A fixed monthly salary, as discussed above, refers to the total regular income of a foreign employee earned from his job, including his basic salary, and this income must be paid to the employee on a fixed monthly basis, regardless of his performance. A fixed monthly salary and/or basic salary does not include the following: additional payment by way of overtime, bonus or commission; any form of reimbursements or in-kind payments; any sum paid to an employee or contract worker to defray special expenses incurred by him owing to the special, unusual or hazardous nature of the employment; any productivity incentive payments and any allowances which are variable in nature; any contributions paid by the employer or employee to any pension or provident fund; or any gratuity payable on discharge or retirement. RikvinSingapore has been assisting clients from all over the globe in their Singapore immigration and company incorporation matters. We assist local and foreign entrepreneurs who want to acquire a Singapore employment pass. Our success rate is phenomenal, and all most all of our enterprise clients have entrusted us, with the routine management tasks such as book keeping and secretarial services and we continue to impress them beyond our promise. RikvinSingapore has also successfully helped hundreds of foreign entrepreneurs form a Singapore company. Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about RikvinSingapore Services kindly email us at info@rikvin.com or give us a call at +65 64838887.
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