Foreign individuals holding a Singapore work visa may apply for Permanent Residency via the Professional, Technical Personnel and Skilled Workers Scheme (PTS scheme).
There are various types of work visas available for individuals with the necessary educational and professional qualifications. However, PR status is usually granted to those with the following work visas:
Employment Pass (EP)
Professionals, managerial personnel (Managing Director, CEO), executives or specialists who wish to work in Singapore can apply for an Employment Pass. Eligibility for a Singapore employment pass is determined based on the individual applicant’s educational and professional qualifications, skills or related work experience.
Once issued, the Employment Pass (EP) is valid usually between 12 to 24 months and is renewable as long as the holder continues to be employed by the company.
Employment Pass holders are also entitled to apply for a Dependant’s Pass that allows immediate family members to reside in Singapore, and are eligible to apply for Singapore Permanent Residency after 12 months.
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Personalised Employment Pass (PEP)
The Singapore Personalised Employment Pass, also known as PEP, is a special type of work visa issued to top-tier individuals based on their own merits. Those with a last monthly drawn salary of S$18,000 or more are eligible.
The PEP features unique advantages that set it apart from other work passes. The PEP is not exclusive to one employer, granting the flexibility to switch companies without having to renew the pass. The PEP holder is also entitled to stay in Singapore for up to 6 months in between jobs to pursue career opportunities.
A PEP holder may apply for Dependant’s Pass for his/her spouse and unmarried children under 21 years of age.
At the end of the PEP’s 3-year validity period, the pass holder has the option to apply for an Employment Pass (EP) or a Permanent Residence .
EntrePass (Entrepreneur Pass)
The EntrePass, also known as Entrepreneur Pass, is a visa for entrepreneurs who wish to start a new private limited company in Singapore and will own at least 30% of company shares. The EntrePass can be applied before incorporating the Singapore company.
Businesses involved in the development or application of innovative technology, contributing to the innovative creations stand a better chance of having their EntrePass application approved.
The Entrepreneur Pass allows you to bring your family (spouse and unmarried children under 21) to Singapore by applying for their Dependent Passes.
EntrePass holders are eligible to apply for Singapore Permanent Residence in due course.