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Personalised Employment Pass Explained
Personalised Employment Pass is a type of work visa granted to qualified foreigners who wish to be employed in Singapore but do not want to be engaged contractually to a specific employer for a time period of up to five (5) years.
This type of work visa is applied, processed and granted by the Ministry of Manpower in accordance to the individual's qualifications and professional attainment. 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.
Personalised Employment Pass will only be granted if the applicant meets the following requirements: Earn a minimum salary of S$7,000 per month, 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).
PEP applicants should also prepare the following documents: resume or CV stating your educational and employment history, copies of educational certificates and past employment testimonials, a copy of the personal particulars page of your passport, appointment letter from the current employer and copies of the last three months' salary slip. Remember that non-English documents should be translated and presented in English language with the help of an official translation service.
In addition, PEP pass holders are not authorized to setup any business in Singapore. However, they are given the privilege to hold a minority shareholding in a company, including acting as one of the directors. All PEP holders can also apply for Dependant's Pass and/or Long-Term Visit Pass for their family members.
Finally, it is highly recommended to employ the services a professional firm in Singapore which will help you facilitate your application for a Personalised Employment Pass, from consultation to the submission, processing and collection.
Rikvin operates to provide 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 Personalised Employment Pass and compliance services in Singapore.
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