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Singapore Personalised Employment Pass Scheme Explained By Rikvin

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Comprehensive guide on Personalised Employment Pass Service of Rikvin, Singapore’s leading company registration firm and business solutions provider.

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									Singapore Personalised Employment Pass Scheme Explained By Rikvin


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 has been assisting clients from all over the globe in their Singapore
immigration and company incorporation matters. Rikvin operates to offer
assistance both to local and foreign business professionals to start a Singapore
company. The firm provides a complete corporate solution under one roof for
which includes incorporation, Singapore subsidiary registration, Singapore GST
service, Singapore payroll service, opening of corporate accounts, business
registration, tax, immigration related to work passes visa such as Personalised
Employment Pass and compliance services in Singapore.

Our office is located at Raffles Place, in the heart of the Singapore business
district. ("CBD") If you are in our neighborhood and want to discuss any aspect
of our service then feel free to come in to our offices during business hours.
Appointments are welcome but definitely not necessary.

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

								
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