Learn about Singapore Employment Pass – provided and presented by Rikvin, Singapore’s leading company registration firm and business solutions specialist.
Comprehensive guide on singapore employment pass by rikvin
1. Comprehensive Guide on Singapore Employment Pass By Rikvin
With Singapore’s developing economy and ideal location, foreign firms have always
regarded this country among the most ideal business centers in the Asia Pacific
region, according to a professional business registration firm, Rikvin.
For foreign entrepreneurs who would like to setup a Singapore company and
transfer in the country, the most essential thing they should do is to submit an
application for Employment Pass, which is a visa, released to those people with
entrepreneurial skills. Meanwhile, this pass is also given to investors, managing
directors, professionals, and high-ranking personnel.
According to Rikvin, a top business registration company in Singapore, standard
requirements should be complied in order to be approved for an Employment Pass,
among which are having a minimum monthly salary rate of S$2500, a good
educational background, a preferable work related experience or entrepreneurial
background and potentials, and entrepreneurial skills for businessmen.
Rikvin also emphasized that the four basic requirements are the basis of assessment
of Singapore’s Ministry of Manpower (MOM). Other factors that are being
considered are status of a company, its paid up capital and the applicant’s age and
current citizenship.
For first time people, the Singapore Employment Pass is valid for two years while
foreigners who have stayed longer in the country are needed to renew this visa
every three years. At the same time, this pass can be renewed as long as the holders
will continue on their business operation or employment in Singapore. In most cases,
Employment Pass holders are eligible for permanent resident status just six months
after staying in the city-state. But still, Rikvin recommends people from other
countries to hold out at least two years in order to have a higher chance of being
permitted.
“For foreigners who would prefer to have their family with them as they relocate, we
recommend that you secure an Employment Pass. An employment pass allows a
foreigner to bring his spouse and unmarried children under 21 years old who are
usually given permission to study, work and love freely in Singapore.” Rikvin added.
Just like almost any other licenses or permits, an employment pass should also be
renewed in order to enjoy its benefits and continue business operation in the
country.
Rikvin concluded with some useful tips on how to have a smooth process in securing
an employment pass and how to handle cases when application is rejected.
About the Publisher:
2. Rikvin has successfully provided foreign and local entrepreneurs assistance to form a
Singapore company. The firm provides a full spectrum of corporate services under
one roof for Singapore company registration, accounting, tax, work pass and related
compliance services for individuals and companies worldwide.
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