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Rikvin Discusses On Personalised Employment Pass

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					Rikvin Discusses On Personalised Employment Pass

The Singapore’s Ministry of Manpower (MOM) introduced Personalised Employment Pass
(PEP) on January 1, 2007. This work visa unbinds Employment Pass holders and non-
permanent residents from a specific employer.

“Personalised Employment Pass (PEP) is the perfect visa if you are a
foreigner seeking employment in Singapore but do not want to be
engaged contractually to any specific employer for a time period up to
five (5) years,” Rikvin said.
Rikvin also emphasized that Ministry of Manpower (MOM) based on individual’s merits and
professional accomplishments grants PEP. It does not require the pass holder to have been
already engaged by an employer in Singapore. However, note that upon collection of the
visa, a new PEP holder has only a maximum of 6 months to seek employment in Singapore.
Failure to secure an employment beyond the grace period will result in the work visa being
revoked.

Basic eligibility requirements were also discussed, including a minimum salary of S$7,000 per
month (last drawn salary should not be older than 6 months at the time of application), a
former P1 category Employment Pass holder who resides overseas (likewise, please note
that you should not be unemployed for more than a continuous period of six months at the
point of application), a current P1 category Employment Pass holder, a current P2 category
Employment Pass holder with at least two years of working experience in a P category of
Employment Pass that earns an annual income of at least S$30,000 and a foreign graduate
from institutions of higher learning in Singapore that has at least two years of working
experience on a P or Q1 category Employment Pass (please take note that your annual
income should be a minimum of S$30,000).

“Note that PEP pass holders are not allowed to start their own company
in Singapore. However, they are allowed to hold a minority Shareholding
in the company including acting as one of the Directors,” Rikvin
concluded.
About the Publisher:


Rikvin offers business solutions for both local and foreign investors and entrepreneurs. The
firm’s specialties include assistance to form a Singapore company, offshore company setup,
incorporation and other related corporate services. Rikvin also provides professional
services on accounting, taxation, Singapore income tax, immigration and application of
Singapore work visa for foreign workers to work and relocate in Singapore. For enquires on
setting up a medical business, visit our website at www.rikvin.com

Rikvin PTE LTD
20 Cecil Street, #14-01,
Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887 Fax (65) 6438 2436

				
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