Singapore’s immigration policy is designed to attract skilled workers, entrepreneurs, and investors to help support the country’s economic growth and development. The government has implemented a range of policies to encourage immigration and make it easier for foreigners to work, live, and invest in Singapore.
One of the key policies is the Employment Pass (EP) scheme, which allows foreign professionals, managers, and executives to work in Singapore for up to two years, with the possibility of renewal. The EP scheme is designed to attract top talent from around the world and ensure that Singapore has a skilled workforce to support its growing economy.
In addition to the EP scheme, the government has also implemented the Global Investor Programme (GIP), which provides permanent residency to foreign investors who invest at least S$2.5 million in a Singapore-based business or fund. The GIP is designed to attract high-net-worth individuals and entrepreneurs to Singapore, and help promote investment and economic growth.
Here are some additional details about Singapore’s migration policy:
- Employment Pass (EP) scheme: The EP scheme is available to foreign professionals, managers, and executives who have a job offer from a Singapore-based company. The requirements for the EP include a minimum salary of S$4,500 per month, relevant educational qualifications, and work experience. The EP is valid for up to two years, with the possibility of renewal.
- S Pass scheme: The S Pass scheme is available to mid-level skilled workers who have a job offer from a Singapore-based company. The requirements for the S Pass include a minimum salary of S$2,500 per month, relevant educational qualifications, and work experience. The S Pass is valid for up to two years, with the possibility of renewal.
- EntrePass scheme: The EntrePass scheme is available to foreign entrepreneurs who wish to start and run a business in Singapore. The requirements for the EntrePass include a business plan, relevant educational qualifications, and a minimum paid-up capital of S$50,000. The EntrePass is valid for up to two years, with the possibility of renewal.
- Global Investor Programme (GIP): The GIP is available to foreign investors who invest at least S$2.5 million in a Singapore-based business or fund. The GIP provides permanent residency to successful applicants and their immediate family members.
- Personalised Employment Pass (PEP): The PEP is available to high-earning foreign professionals who wish to work and live in Singapore without being tied to a specific employer. The requirements for the PEP include a minimum salary of S$18,000 per month, relevant educational qualifications, and work experience. The PEP is valid for up to three years and is non-renewable.
Overall, Singapore’s migration policy is designed to attract and retain skilled workers, entrepreneurs, and investors who can contribute to the country’s economic growth and development. The policy is focused on providing a range of options for different types of immigrants, from professionals and managers to entrepreneurs and investors, and this has helped to make Singapore a leading destination for global talent and investment.
