SINGAPORE PERSONALISED EMPLOYMENT PASS (PEP) GUIDE - Last updated June 2021
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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
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: When you start or leave a job. If you change your contact details, such as local contact person or address. 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
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