VIEWS: 61 PAGES: 3 CATEGORY: Startups POSTED ON: 11/10/2010
AsiaBiz is the leading Singapore company that provides Singapore Subsidiary Registration services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation, accounting and book keeping requirements, and other compliance matters stated under the Singapore law.
Asiabiz Explains Singapore Employment Pass Before any foreigner can commence with his business operations in Singapore, he needs to secure an Employment Pass. Treated as the principal working visa in the city-state, the Ministry of Manpower can only allow foreign individuals to apply for an EP following a complete incorporation of their company. Asiabiz, a business firm based in the heart of Singapore and which has been invited by media to tackle about Singapore’s visas, says there are 3 conditions under which foreigners can apply for a working visa. “If they are an entrepreneur, a business executive, shareholder of companies registered and incorporated in Singapore, professional, or managing director seeking relocation, they are eligible to hold an EP.” “The second premise is when they have locally incorporated a business enterprise and they need to hire foreigners to constitute their workforce,” Asiabiz adds. To continue, Asiabiz says, “Finally, for those who received an offer to work locally, the employing company shall facilitate the process of Employment Pass on their behalf.” Singapore’s reputation being the world’s 4th largest financial center and the easiest place to do business for 2011 can be attributed to the city-state’s insatiable thirst and remarkable prowess for scrutinizing talents from foreign lands. “Besides having a minimum monthly earning not below than S$2,500, foreigners must prove their professional qualifications, educational attainment, specializations, and relevant work experience,” Asiabiz says. Further, the Ministry of Manpower assesses the applicant’s qualifications on other points including the reputation of the company, his citizenship, roles and responsibilities, salary, age, and the company paid-up capital. While the Ministry deems it a primary factor that foreigners have earned their college degree or posses a diploma, the same cannot be disqualified in its absence, provided that they have impressive compensating attributes. Needless to say, foreign individuals can accelerate the process of their EP if they employ the services of a business firm engaging in that business matters like Asiabiz. It is also mandatory. “That is part of our job description,” beams Asiabiz growing excited in the discussion, “foreigners can rely upon us to process their working visa.” “Documents such as the applicant’s resume or curriculum vitae specifying the educational and employment details, hard copy of Original Transcript of Records and educational certificates, certificate of employment, and personal page of their passport are submitted to our office for processing.” Generally, it takes 2 weeks for the Ministry of Manpower to release the authorization code, which is a pre-requisite to submission of an EP application. “After the ministry releases the code, the Singapore employment pass application is submitted online and which will take another 2 weeks for its process to complete,” continues Asiabiz, “then an In-principle approval notification is sent to the applicant by the ministry via e-mail indicating an approval.” During the collection of the EP, the IPA letter must be printed together with other pertinent documents like recent passport size photo, original passport with the entry embarkation cards, and medical exam result, as these should be presented before the Work Pass Division of the Ministry of Manpower. “Foreigners can have their medical examination in the country of their origin through a reputable clinic or hospital,” Asiabiz further elaborates, “or they can do that in the local clinics which can have the result on the same day.” It may be that the while the process takes place, the foreign individual is offshore. If such is the case, the IPA features an inherent one-time journey entry visa for the sole purpose of collecting the EP physically at the appointed office in Singapore. In most cases, entrepreneurs authorize their agent to claim the EP on their behalf, however. Like what happens most often with Asiabiz, in almost all the time it processes the working visas of foreigners. “Our reputation precedes our business name,” says Asiabiz in conclusion of the discussion. About the Publisher: Since its inception, Asiabiz has been committed to providing services in matters relating to business. Among its specializations are setting up a business in Singapore, which entails its registration, incorporation and formation. AsiaBiz is the also the leading Singapore Company Incorporation specialists. It has assisted thousands of foreign entrepreneurs form a Singapore Company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. www.AsiaBizSetup.net address: 120 Telok Ayer Street Singapore 068589 phone: +6563034614 website: http://www.asiabizsetup.net/
"Asiabiz Explains Singapore Employment Pass"