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Asiabizsetup Explains Singapore Employment Pass

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					        Asiabizsetup Explains Singapore Employment Pass

Entrepreneurs who have incorporated a company in Singapore and Singapore
companies wishing for relocation for their staff such as managing directors and
managing employees need a Singapore Employment Pass, the primary labor
pass that enables them to live and work in Singapore.

There are 3 types of Employment Pass issued by the Comptroller of Immigration.
These range from P to Q1 and S Passes, depending on the qualifications the
individuals have in their possession.

In a conversation with Asiabizsetup, a private company engaged in providing
corporate solutions such as incorporation of a company, rendering accounting
and nominee director services, and processing of working passes, its business
consultant stated that there are 3 major conditions from which a labor pass is
determined. These are the basic monthly income, the specialization skills, and
high educational attainment.

“A P Pass is issued exclusively to foreigners whose qualifications accord them
the position such as a professional, managerial, specialist, or executive,” the
business consultant commenced citing the requirements of each labor pass type.

It is further divided between P1 and P2 with the basic monthly salary as the
decisive factor. P1 Pass, according to Asiabizsetup is issued on the basis of
S$7,000 monthly income enjoyed by the foreigner applicant. Meanwhile, P2 is
awarded when the monthly salary is above S$3,500 besides having recognized
qualifying skills.

“A Q1 Pass is meant for a foreigner whose monthly wages reach more than
S$2,500 and equips with qualifications such as skills and capabilities derived
from many years of relevant experience,” the business consultant continued
elaborating the details of labor passes.

A type of working pass that depends on points system is the S Pass which
requires among others, a monthly basic salary of S$1,800, educational
qualifications particularly tertiary level, job experience and skills acquired. In this
type of labor pass, the employer is obliged to pay a monthly levy of S$50.

The processing time for Employment Pass application takes about 3 weeks from
the date of application. However, should the application requires input from
different economic agencies or when the application is tendered during a peak
period, the issuance shall take longer.

Generally, the Employment Pass is processed by a private company such as
Asiabizsetup. Foreigners submit the required documents to the Ministry of
Manpower channeled through the processing company.
The first step involves, according to Asiabizsetup’s business consultant, an
application for authorization code which shall take 2 weeks.

“After retrieving the code, the EP application is sent electronically to the Ministry
of Manpower,” the business consultant elaborated further stating that in this
phase, the period shall take another 15 days.

Upon approval, the applicant shall receive a notification termed as In-Principle
Approval via an e-mail which is presented before the Work Pass Division of the
Ministry of Manpower for collection.

Accompanying the notification are documents such as original passport with
entry embarkation cards, medical exam report, and recently taken passport-sized
photos.

During the collection, the processing company shall prepare for the schedule
convenient for the applicant. A representative may also accompany the applicant
in claiming for the Employment Pass.

About the Publisher:
For many years, Asiabizsetup has served the community by taking charge of
Singapore company incorporation, Singapore company registration and
processing the necessary working visas of entrepreneurs or employees, and
providing services such as accounting, secretarial and statutory compliance with
certain requirements.

AsiaBiz is a company that provides Singapore company setup services to
local and foreign entrepreneurs and investors and offer consultation regarding
the immigration and taxation law, Singapore accounting services, book
keeping requirements, and other compliance matters stated under the
Singapore law.

AsiaBizSetup.net
address: 120 Telok Ayer Street Singapore 068589
phone: (65) 62426533
email: sales@asiabizsetup.net
website: http://www.asiabizsetup.net

				
DOCUMENT INFO
Description: 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.