High incomes and high achievers will be able to live in Singapore without first securing a job here, thanks to the introduction of a work pass. The program is a component of strategies to ensure Singapore can effectively compete in the global competition for top talent.
In the press release by the Ministry of Manpower (MOM), most applicants must have a fixed monthly salary of at least 30,000 SGD. The work pass focuses on the top 5%, or perhaps the top 2% to 3%, of talent worldwide in various fields. Additionally, it should make applying for work visas easier for people who want to relocate to Singapore.
You qualify for this visa if you;
While applying for this visa, you must provide the following documents.
When to Apply
You may apply for this visa once you have all the required documents. Furthermore, you are advised to be careful about the eligibility criteria and apply for this visa when you fulfil the given conditions. Moreover, look for the visa processing time and apply accordingly.
Visa Processing Time
The time needed to process an overseas network and expertise pass may differ depending on various factors. You may have to wait for a month or even more in some cases to process this visa.
How to Apply
The process of applying for an overseas network and expertise pass is like most Singapore visas. You must apply online, submit the required documents and pay the required fee. After that, what you can do is wait for the confirmation. You may also hire professionals to avoid any mishappenings.
Duration
The Overseas Network and Expertise Pass allow you to stay in the country for five years. You may also include dependents, including spouses and unmarried children under 21, with you. The spouses are also allowed to work but require a letter of consent.
Fees
The exact fee for an overseas network and expertise pass has not been disclosed yet.
This visa can be renewed as the expiry date arrives. It is renewed for another five years, but you must fulfil certain conditions. Thus, you may have to provide your financial record to prove that your earnings are up to 30,000 SGD per month.
Work
This visa is to attract talented individuals to work in Singapore.
Dependants
Include spouses and children under 21 on this visa.
Extension
It can be renewed for an equal (5 years) time.