Many other jurisdictions – including Hong Kong, the UAE and the UK – offer work privileges for dependents.” “But when we are talking about top talent, we must be mindful of how global, how mobile they are, and how stiff the competition is for them. “We stopped issuing LOCs to dependants, not because we did not want them to work here, but because it made sense to hold them to a similar bar as all other foreigners,” he said. He added that the policy for the dependents of other EP holders remain unchanged – they are eligible to work in Singapore if they obtain a work pass, but the exception is made for top talent as other territories give their dependents work privileges. “Businesses tell us that these are key factors top talent consider when deciding where to go,” he said. Other flexibilities that the pass holders will enjoy are that there are no restrictions on the occupations they can work in, and their spouses can work with a letter of consent.ĭr Tan said that the longer five-year duration of the pass, as well as the letter of consent (LOC) for spouses, is meant to give top talent “additional assurance” when they are deciding whether to come to Singapore. “It is important to allow them some ramp-up period for that to happen, and not be too quick to jump to the conclusion that they are not contributing,” he said. “MOM reserves the right to cancel the pass if there are extended periods of economic inactivity with no good reasons.”īut Dr Tan said that the top talent on this pass are given flexibilities because MOM wants to encourage them to “take risks, explore new frontiers and make a big impact to benefit Singapore”. The Overseas Networks & Expertise Pass is not meant to be abused as a visit or travel document,” said Dr Tan. Non-Constituency MP Hazel Poa from the Progress Singapore Party (PSP) also asked why there is no time limit requiring these applicants to remain employed. NO TIME LIMIT FOR EMPLOYMENT, SPOUSES CAN WORK He added that MOM will work with sector agencies that are experts in these domains, such as the Ministry of Community, Culture and Youth, the National Arts Council, the Ministry of Education and the National Research Foundation to “identify such exceptional talent”.
Giving an example in sports, Dr Tan said such talent would include current and former world-class top-ranked athletes who may wish to set up commercial operations or training bases in Singapore, from which local athletes, coaches and the sports ecosystem here can benefit. Mr Mohd Fahmi (PAP-Pasir Ris Punggol) and Leader of the Opposition Pritam Singh (WP-Aljunied) asked for the criteria for how such talent will be assessed.ĭr Tan said: “(These individuals) can help us push new frontiers, draw in greater investments and interest to grow our local ecosystem, and most importantly, create a diverse range of opportunities for Singaporeans.” This will factor into our assessment on their eligibility for renewal,” said Dr Tan.Īnswering a question from Mr Gerald Giam (WP-Aljunied) on whether the S$30,000 monthly salary criterion can be drawn from multiple employers, Dr Tan said that in general, it must be from one employer.įor overseas candidates, the previous or prospective employer must also have a market capitalisation of at least US$500 million or an annual revenue of at least US$200 million.īut applicants who do not meet this salary threshold can also apply if they have outstanding achievements in the fields of arts, sports, science or academia.
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“(This is) so we will be up to date with their professional activities and annual income. There will be an option for five-year EPs to be issued to experienced professionals filling tech occupations on the COMPASS Shortage Occupation List, from September 2023.Īfter the application is approved, MOM will continue to engage the pass holders during their time in Singapore. The ministry also shortened the processing time of EP applications.Ĥ. From Sep 1, 2022, MOM restored the FCF job advertising duration from 28 days to 14 days. This is set at S$22,500 and will start in September 2023.ģ.
There will be a new benchmark pegged to the top 10 per cent of EP holders for existing schemes, namely the exemption from the Fair Consideration Framework (FCF) job advertising requirement and COMPASS, as well salary criterion for the Personalised Employment Pass. They can sponsor their dependents and their spouses can work with a letter of consent. The pass holders can concurrently work for a few companies or start their own business.
The pass will be for five years, compared to the current two years for new EP applicants, and it is not tied to a job role in Singapore. Singapore will launch a new Overseas Networks & Expertise Pass, for talent earning at least S$30,000 in fixed monthly salary, comparable to the top 5 per cent of existing Employment Pass holders, or with outstanding achievements in arts and culture, sports, and research and academia.
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