Comprehensive guide on singapore employment pass by rikvin


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Learn about Singapore Employment Pass – provided and presented by Rikvin, Singapore’s leading company registration firm and business solutions specialist.

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Comprehensive guide on singapore employment pass by rikvin

  1. 1. Comprehensive Guide on Singapore Employment Pass By RikvinWith Singapore’s developing economy and ideal location, foreign firms have alwaysregarded this country among the most ideal business centers in the Asia Pacificregion, according to a professional business registration firm, Rikvin.For foreign entrepreneurs who would like to setup a Singapore company andtransfer in the country, the most essential thing they should do is to submit anapplication for Employment Pass, which is a visa, released to those people withentrepreneurial skills. Meanwhile, this pass is also given to investors, managingdirectors, professionals, and high-ranking personnel.According to Rikvin, a top business registration company in Singapore, standardrequirements 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 goodeducational background, a preferable work related experience or entrepreneurialbackground and potentials, and entrepreneurial skills for businessmen.Rikvin also emphasized that the four basic requirements are the basis of assessmentof Singapore’s Ministry of Manpower (MOM). Other factors that are beingconsidered are status of a company, its paid up capital and the applicant’s age andcurrent citizenship.For first time people, the Singapore Employment Pass is valid for two years whileforeigners who have stayed longer in the country are needed to renew this visaevery three years. At the same time, this pass can be renewed as long as the holderswill continue on their business operation or employment in Singapore. In most cases,Employment Pass holders are eligible for permanent resident status just six monthsafter staying in the city-state. But still, Rikvin recommends people from othercountries to hold out at least two years in order to have a higher chance of beingpermitted.“For foreigners who would prefer to have their family with them as they relocate, werecommend that you secure an Employment Pass. An employment pass allows aforeigner to bring his spouse and unmarried children under 21 years old who areusually 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 berenewed in order to enjoy its benefits and continue business operation in thecountry.Rikvin concluded with some useful tips on how to have a smooth process in securingan employment pass and how to handle cases when application is rejected.About the Publisher:
  2. 2. Rikvin has successfully provided foreign and local entrepreneurs assistance to form aSingapore company. The firm provides a full spectrum of corporate services underone roof for Singapore company registration, accounting, tax, work pass and relatedcompliance 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 servicethen feel free to come in to our offices during business hours. Appointments arewelcome but definitely not necessary.Rikvin PTE LTD20 Cecil Street, #14-01, Equity Plaza, Singapore 049705Main Lines: (65) 6438 8887Fax (65) 6438 2436