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What Is Pep Singapore
Personalised Employment Pass is a Singapore work visa that unbinds Employment Pass holders and non-permanent residents from a specific employer for a time period of up to five (5) years. The Ministry of Manpower (MOM) facilitated the launching of PEP Singapore on January 1, 2007.
This type of work visa is granted based on individual's abilities and professional experience. 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.
Below are the eligibility requirements of PEP:
Earn 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.
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).
PEP applicants should also take note of details such as details of passport, name and address of employer, job and salary details, local contact details and details of dependant pass holder, if applicable, when filling out PEP application form. It is also best to include documents such as copy of passport, appointment letter from current employer, last three months pay slips, copy of higher education certifications and copy of resume when submitting PEP application.
The processing of PEP applications would usually take 2 to 3 weeks. Once approved, an In-Principle Approval letter will be sent out. Collection of PEP is valid up to three months and once issued, PEP Singapore will have 5 years validity. Within the given 5 years period, PEP holders should keep authorities up to date with employment, local contact, salary, travel documents and address. In case PEP is lost, PEP holders should apply for a replacement one. You need to submit your passport and police report card in order to receive a new card.
Rikvin has been assisting clients from all over the globe in their immigration and company incorporation matters. Rikvin operates to offer assistance both to local and foreign business professionals to register a Singapore company. The firm provides a complete corporate solution under one roof for which includes incorporation, opening of corporate accounts, business registration, tax, immigration related to work passes visa such as PEP Singapore and compliance services in Singapore.
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