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SINGAPORE WORK VISA FACTSHEET

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					SINGAPORE WORK VISA FACTSHEET

 Comparison of Employment Pass and Entrepreneur Pass Schemes

 Foreigners who plan to relocate to Singapore have an option of applying either for
 Employment Pass or Entrepreneur Pass. This information provides a side-by-side
 comparison of the two passes so you can explore which option is most applicable
 for you.
                                                                                                                                Rikvin Pte Ltd
                                                                                       20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
                                                                                              Main Line: +65 6438 8887 Fax: +65 6438 2436
                                                                                                             www.rikvin.com info@rikvin.com




WORK VISA
Eligibility and requirements

                           EMPLOYMENT PASS (EP)                                         ENTREPRENEUR PASS (ENTREPASS)
Who is it for?             Professional, managerial (managing director, general Foreigners who do not qualify for the Employment pass
                           manager, CEO), executive or specialist who wishes    but have entrepreneurial background.
                           to work in Singapore can apply for an Employment
                           Pass.
Eligibility Criteria       To be considered for an Employment Pass, a                     •	 You can incorporate a new company upon your EntrePass
                           foreigner must have a fixed monthly salary of at                  approval: or
                           least S$2,500, and possess acceptable degrees,                 •	 Company must not be registered for more than six
                           professional qualifications or specialist skills.                 months at the point of application;
                                                                                          •	 Applicant to own a min of 30% or more of shareholding
                           MOM evaluates each application and qualification on
                                                                                             in the company;
                           its own merit, based on a wide range of criteria.
                                                                                          •	 Company to have at least $50,000 paid-up-capital;
                           Similarly, applicants who do not possess a                     •	 Submit a 10-page business plan detailing business goals
                           recognised qualification may not necessarily be                   and objectives.*
                           rejected for Employment Pass, if he possesses other
                           compensating factors:                                        * Business plan must demonstrate the viability in
                                                                                          executing the Total Business Spending (TBS) and
                                Applicant                   Company                       hiring of Singaporeans within a one-year period.
                                •	 Relevant work            •	 Paid-up capital
                                   experience               •	 Operating history            Pass Type        # of Singaporeans       TBS (S$)
                                •	 Proposed salary          •	 International                        P1                8              300,000
                                •	 Age                         presence                             P2                4              150,000
                                •	 Position                                                         Q1                2              100,000
                                •	 Special skill set


Pass Type & Eligibility    Eligibility Criteria
                           P1: Fixed monthly salary > $7,000                            P1: Fixed monthly salary > $7,000

                           P2: Fixed monthly salary > $3,500                            P2: Fixed monthly salary > $3,500
                           Possesses recognized qualifications
                                                                                        Q1: Fixed monthly salary > $2,500
                           Q1: Fixed monthly salary > $2,500
                           Possesses recognized qualifications; or
                           Specialized skills and a minimum of 5 years of work
                           experience may compensate for the lack of recognized
                           qualifications.
Company Paid-up Capital    S$1.00 (Higher paid-up is one of the reviewing factors       S$50,000
                           considered by MOM.)
MOM Processing Time        1 day - 8 weeks                                              3 weeks - 3 months
Visa Validity              1-2 years                                                    1-2 years
Renewal                    Renewable as long as you continue to be employed by          Renewal of EntrePass is contingent on achieving goals and
                           the company                                                  objectives outlined in the business plan
Dependent Pass             Will be granted to immediate family members                  Will be granted to immediate family members
Permanent Residence (PR)   Eligible to apply for Singapore Permanent Residence after    Eligible to apply for Singapore Permanent Residence after
                           12 months                                                    12 months
When can it be applied?    Employment pass can be applied anytime after                 Entrepreneur Pass can be applied either before company
                           incorporation of the company.                                incorporation or within six months of the incorporation.
 WORK VISA
 Eligibility and Requirements for Employment Pass (EP)


 Who is it for?                             Professional, managerial (managing director, general manager, CEO), executive
                                            or specialist who wishes to work in Singapore can apply for an Employment Pass.
 Eligibility Criteria                       To be considered for an Employment Pass, a foreigner must have a fixed monthly salary of
                                            at least S$2,500, and possess acceptable degrees, professional qualifications or specialist
                                            skills.

                                            MOM evaluates each application and qualification on its own merit, based on a wide range of
                                            criteria.

                                            Similarly, applicants who do not possess a recognised qualification may not necessarily be
                                            rejected for Employment Pass, if he possesses other compensating factors:
                                                     Applicant                                Company
                                                     •	 Relevant work experience              •	 Paid-up capital
                                                     •	 Proposed salary                       •	 Operating history
                                                     •	 Age                                   •	 International presence
                                                     •	 Position
                                                     •	 Special skill set


 Pass Type & Eligibility                    Pass Type Eligibility Criteria
                                            P1:               Fixed monthly salary > $7,000

                                            P2:               Fixed monthly salary > $3,500
                                                              Possesses recognized qualifications

                                            Q1:               Fixed monthly salary > $2,500
                                                              Possesses recognized qualifications; or
                                                              Specialized skills and a minimum of 5 years of work experience may
                                                              compensate for the lack of recognized qualifications.
 Company Paid-up Capital                    S$1.00 (Higher paid-up is one of the reviewing factors considered by MOM.)
 EPOL Registration (one-time application)   Approximately 2 - 4 weeks
 MOM EP Processing Time                     1 day - 8 weeks
 Visa Validity                              1-2 years
 Renewal                                    Renewable as long as you continue to be employed by the company.
 Dependent Pass                             Will be granted to immediate family members
 Permanent Residence (PR)                   Eligible to apply after 12 months for Singapore Permanent Residence

 Documents Required for EP Application          •	 Travel Document Page showing the personal particulars and travel document number.
                                                   Please include pages reflecting amendments to details (e.g. name, expiry date), if any.
 Download EP application form:                  •	 Educational Certificates1
 http://www.rikvin.com/singapore-
                                                •	 Registration or Support Letters from the relevant Vetting Agency / Professional Body /
 employment-pass-form.pdf
                                                   Accreditation Agency, if support from them has been declared in the application.

                                            1
                                             Applicants with diploma/degree qualifications from India will need to submit their
                                            transcript and marksheets. Applicants with degree qualifications from China will need to
                                            submit their Certificate of Graduation.
 When can it be applied?                    Employment pass can be applied anytime after incorporation of the company.




Copyright © 2011                                                                   www.rikvin.com     |   info@rikvin.com   |   +65 6438 8887
 WORK VISA
 Eligibility and Requirements for Entrepreneur Pass (EntrePass)


 Who is it for?                            Foreigners who do not qualify for the Employment pass but have entrepreneurial
                                           background.
 Eligibility Criteria                       •	   You can incorporate a new company upon your EntrePass approval: or
                                            •	   Company must not be registered for more than six months at the point of application;
                                            •	   Applicant to own a min of 30% or more of shareholding in the company;
                                            •	   Company to have at least $50,000 paid-up-capital;
                                            •	   Submit a 10-page business plan detailing business goals and objectives.*

                                           * Business plan must demonstrates the viability in executing the total business
                                           spending (TBS) and hiring of Singaporeans within a one-year period.

                                                        Pass Type                 # of Singaporeans                TBS (S$)
                                                             P1                           8                         300,000
                                                             P2                           4                         150,000
                                                            Q1                            2                         100,000


 Pass Type & Eligibilty                    Pass Type       Eligibility Criteria
                                           P1              Fixed monthly salary > $7,000
                                           P2              Fixed monthly salary > $3,500
                                           Q1              Fixed monthly salary > $2,500
 Company Paid-up Capital                   S$50,000
 Required Annual Total Business Spending   P1: S$300,000
                                           P2: S$150,000
                                           Q1: S$100,000
 Minimum Number of Singapore Employees P1: 8 local employees
                                       P2: 4 local employees
                                       Q1: 2 local employees
 MOM EntrePass Processing Time             3 weeks - 3 months
 Visa Validity                             1-2 years
 Renewal                                   Renewal of EntrePass is contingent on achieving goals and objectives outlined in
                                           the business plan
 Dependent Pass                            Will be granted to immediate family members


 Documents Required for EntrePass           •	 Travel Document Page showing the personal particulars and travel document number.
 Application                                   Please include pages reflecting amendments to details (e.g. name, expiry date), if any.
                                            •	 Educational Certificates, if any
                                            •	 Submit business plan (http://www.rikvin.com/entrepass-business-plan.pdf)
                                            •	 Resume of past business experience, if any
 When can it be applied?                   Entrepreneur Pass can be applied either before company incorporation or within six
                                           months of the incorporation




Copyright © 2011                                                                  www.rikvin.com   |   info@rikvin.com   |    +65 6438 8887
                                                  WHY CHOOSE RIKVIN?

  Rikvin Pte. Ltd. is a Singapore-based firm that provides professional incorporation, accounting, tax, and immigration services.
  Rikvin has incorporated thousands of companies since 1998. Our head office is conveniently located in Raffles Place – the heart of
  Singapore’s business district.


                                                           ONE-STOP SERVICE
                                             Company formation in multiple premier jurisdictions
                                                  Post-incorporation administrative support
                                          Ongoing regulatory compliance maintenance and accounting
                                                       Singapore immigration support




                      Incorporation                  Immigration             Accounting                       Taxation




   MULTIPLE PREMIER JURISDICTIONS                                          NO HIDDEN FEES
     Rikvin specializes in company incorporation in multiple                Our pricing is transparent - there are no hidden fees. Our service
     jurisdictions of Singapore, British Virgin Islands, Cayman Islands,    fees are presented in full to our customers, right upfront.
     Hong Kong, Mauritius Islands, Malaysia and Seychelles.
                                                                           POST-INCORPORATION SUPPORT
   SERVICE GUARANTEE                                                        We don’t just stop at the incorporation of your company – we
     Our filing services are both accurate and timely. Every order is       also assist you in all necessary post-incorporation details, such
     carefully reviewed by Rikvin Senior personnel to identify potential    as opening of bank account, application for licenses and permits,
     errors before filing. Our warranties cover our services against        bookkeeping, liquidation, and many more.
     filing errors caused by Rikvin for the life of your company.
                                                                           ONGOING COMPLIANCE MAINTENANCE
   CONTACTABLE                                                              Rikvin ensures that you undertake all necessary ongoing
     Our phones are answered during business hours by specialists           regulatory requirements, such as annual returns, ECI and Form
     and not by an answering machine. We appreciate the value of            C filing. We help keep your company in good standing with its
     your time and understand that a person cannot be replaced by           state of incorporation, which means your company has met all
     technology. This is especially true when it comes to making            Singapore regulatory requirements in a correct and timely manner.
     important business decisions.
                                                                           PROFESSIONALLY QUALIFIED
   OUTSTANDING VALUE                                                        Our staffs are Qualified Members of SAICSA, Associate &
     Our pricing is highly competitive. We offer exceptional value and      Practicing Members of the Institute of Chartered Secretaries and
     service in all we do. Our formation packages are comprehensive.        Administrators - S’pore & UK and Members of Institute Chartered
     We can assure you that you will receive quality and better service.    Accountants of Singapore (ICPAS).




Copyright © 2011                                                                      www.rikvin.com     |   info@rikvin.com   |   +65 6438 8887