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Prepared for ‘Directors
and Senior Professionals
relocating to Singapore’
As of December, 2012



SECURING WORK
PASSES IN
SINGAPORE
WEBINAR
FUTUREBOOKS
SERVICES

                                                Sale of the
                                                business


                          Bookkeeping, annual
                          financials and
                          company tax

        Incorporation
        , company
        secretary, work
        passes




www.futurebooks.com.sg
LAUNCH YOUR
BIG IDEA




www.futurebooks.com.sg
WORK PASS
OUTLOOK
2013
IN 2012
THE RULES                Why MOM?
                         Why!?



CHANGED
www.futurebooks.com.sg
PEP WORK PASS
DOWN GRADED



                         Salary of $144,000 p.a




                         Max 3 years, not 5




                         No entrepreneurial
                         activities?




www.futurebooks.com.sg
LEGALLY WORKING
IN SINGAPORE


                                     MOST DESIRABLE



                                                       Permanent
                                                       residency
                         Personal
                         EP

                                                       Employment
                                                       pass

                         Entrepass



                                     LEAST DESIRABLE




www.futurebooks.com.sg
ENTREPASS




        Differentiated business plan with local
        hiring of minimum 2 people
        $50,000 in capital
        $100,000 in first year spending
        (excluding owner‟s salary)




www.futurebooks.com.sg
EMPLOYMENT
PASS (3 KEYS)


SIGNIFICANT
                          Educational qualification
                          requirements



                                Higher salary
                                requirements




                                         Credentials of
                                         employing company
INSIGNIFICANT




 www.futurebooks.com.sg
OPTIONS FOR
FAMILY MEMBERS



        Dependant passes
        Long term social visit passes
        Letter of consent to work (LOC)




www.futurebooks.com.sg
PERMANENT
RESIDENCE



        Two years of holding a pass
        Apply as a family unit
        Staying in Singapore – required.
        Permanent Residence is permanent – 5
        year Re-entry permit.




www.futurebooks.com.sg
CHEAT SHEET




        Correspondence with Govt like MDA
        Signed purchase orders of quotes
        Letter of intent on lease space




www.futurebooks.com.sg
TERMS OF USE



Restrictions on Use of Contents                                 reproduced or appropriated in any manner without written
1. Except as otherwise provided, the Contents of this           permission of FUTUREBOOKS PTE LTD.
Document shall not be                                           4. Any request to otherwise reproduce the Contents from
reproduced, republished, uploaded, posted, transmitted or       this Web Site for publication or commercial use should be
otherwise distributed in any way, without the prior             addressed to: info@futurebooks.com.sg.
permission of FUTUREBOOKS PTE LTD. To use any parts             Disclaimer of Warranties and Liability
of the Contents of this Document, the user must seek            5. The Contents of this Document are provided on an “as
permission in writing, stating the c Contents for use; intent   is” basis without warranties of any kind. To the fullest
of use; manner of use; time frame of use and identity of the    extent permitted by law, FUTUREBOOKS PTE LTD does
user. FUTUREBOOKS PTE LTD reserves the right to                 not warrant and hereby disclaims any warranty:
refuse permission without declaring reason(s); and/or if
information submitted by user is deemed insufficient.           (a) as to the
                                                                accuracy, correctness, reliability, timeliness, non-
2. You may view, download and print the Contents if:            infringement, title, merchantability or fitness for any
(a) the Contents are used for non-commercial or personal        particular purpose of the Contents of this Document;
use only and will not be copied or posted on any network        (b) that the Contents available through this Document or
computer or broadcast in any media, and                         any functions associated therewith will be uninterrupted or
(b) no alterations, additions or modifications of the           error-free, or that defects will be corrected or that this
Contents are made in any way                                    Document and the server is and will be free of all viruses
(c) due acknowledgement is given to “FUTUREBOOKS                and/or other harmful elements.
PTE LTD” and citing the sources for the relevant data           6. FUTUREBOOKS PTE LTD shall also not be liable for
extracted.                                                      any damage or loss of any kind caused as a result (direct
3. Modification of any of the Contents or use of the            or indirect) of the use of the Document, including but not
Contents for any other purpose will be a violation of           limited to any damage or loss suffered as a result of
FUTUREBOOKS PTE LTD „s copyright and other                      reliance on the Contents contained in or available from the
intellectual property rights. Graphics and images on this       Document.
Document are protected by copyright and may not be




  www.futurebooks.com.sg

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Securing workpasses in singapore

  • 1. Prepared for ‘Directors and Senior Professionals relocating to Singapore’ As of December, 2012 SECURING WORK PASSES IN SINGAPORE WEBINAR
  • 2. FUTUREBOOKS SERVICES Sale of the business Bookkeeping, annual financials and company tax Incorporation , company secretary, work passes www.futurebooks.com.sg
  • 5. IN 2012 THE RULES Why MOM? Why!? CHANGED www.futurebooks.com.sg
  • 6. PEP WORK PASS DOWN GRADED Salary of $144,000 p.a Max 3 years, not 5 No entrepreneurial activities? www.futurebooks.com.sg
  • 7. LEGALLY WORKING IN SINGAPORE MOST DESIRABLE Permanent residency Personal EP Employment pass Entrepass LEAST DESIRABLE www.futurebooks.com.sg
  • 8. ENTREPASS Differentiated business plan with local hiring of minimum 2 people $50,000 in capital $100,000 in first year spending (excluding owner‟s salary) www.futurebooks.com.sg
  • 9. EMPLOYMENT PASS (3 KEYS) SIGNIFICANT Educational qualification requirements Higher salary requirements Credentials of employing company INSIGNIFICANT www.futurebooks.com.sg
  • 10. OPTIONS FOR FAMILY MEMBERS Dependant passes Long term social visit passes Letter of consent to work (LOC) www.futurebooks.com.sg
  • 11. PERMANENT RESIDENCE Two years of holding a pass Apply as a family unit Staying in Singapore – required. Permanent Residence is permanent – 5 year Re-entry permit. www.futurebooks.com.sg
  • 12. CHEAT SHEET Correspondence with Govt like MDA Signed purchase orders of quotes Letter of intent on lease space www.futurebooks.com.sg
  • 13. TERMS OF USE Restrictions on Use of Contents reproduced or appropriated in any manner without written 1. Except as otherwise provided, the Contents of this permission of FUTUREBOOKS PTE LTD. Document shall not be 4. Any request to otherwise reproduce the Contents from reproduced, republished, uploaded, posted, transmitted or this Web Site for publication or commercial use should be otherwise distributed in any way, without the prior addressed to: info@futurebooks.com.sg. permission of FUTUREBOOKS PTE LTD. To use any parts Disclaimer of Warranties and Liability of the Contents of this Document, the user must seek 5. The Contents of this Document are provided on an “as permission in writing, stating the c Contents for use; intent is” basis without warranties of any kind. To the fullest of use; manner of use; time frame of use and identity of the extent permitted by law, FUTUREBOOKS PTE LTD does user. FUTUREBOOKS PTE LTD reserves the right to not warrant and hereby disclaims any warranty: refuse permission without declaring reason(s); and/or if information submitted by user is deemed insufficient. (a) as to the accuracy, correctness, reliability, timeliness, non- 2. You may view, download and print the Contents if: infringement, title, merchantability or fitness for any (a) the Contents are used for non-commercial or personal particular purpose of the Contents of this Document; use only and will not be copied or posted on any network (b) that the Contents available through this Document or computer or broadcast in any media, and any functions associated therewith will be uninterrupted or (b) no alterations, additions or modifications of the error-free, or that defects will be corrected or that this Contents are made in any way Document and the server is and will be free of all viruses (c) due acknowledgement is given to “FUTUREBOOKS and/or other harmful elements. PTE LTD” and citing the sources for the relevant data 6. FUTUREBOOKS PTE LTD shall also not be liable for extracted. any damage or loss of any kind caused as a result (direct 3. Modification of any of the Contents or use of the or indirect) of the use of the Document, including but not Contents for any other purpose will be a violation of limited to any damage or loss suffered as a result of FUTUREBOOKS PTE LTD „s copyright and other reliance on the Contents contained in or available from the intellectual property rights. Graphics and images on this Document. Document are protected by copyright and may not be www.futurebooks.com.sg