Immigrating to Singapore is a topic that never loses its relevance, and with the constant evolution of government policies, there are always new avenues to explore. Today, let's delve into the distinctions between Entrepreneurial Immigration and Employment Immigration and explore the official pathways available!
No.1 Immigration Through EntrePass
Immigration through EntrePass, specifically focusing on small-scale ventures, involves obtaining an Entrepass to establish a company and achieve immigration goals.
EntrePass Definition
Entrepass is a joint approval by the Ministry of Manpower (MOM) and Enterprise Singapore. It targets foreign entrepreneurs planning to establish a new company in Singapore and subsequently apply for the EntrePass.
Immigration Strategies
1.Dependant Pass (DP)
Available for spouses and unmarried children under 21. Requirements include:
a.One year of company operation
b.Hiring 3 local employees, or 1 Professional, Managerial, or Executive (PME).
c.Minimum expenditure of SGD 100,000.
2.Long Term Visit Pass (LTVP)
Allows Entrepass holders to apply for their parents. Conditions include:
a.One year of company operation
b.Hiring 6 local employees, or 2 PMEs.
c.Minimum expenditure of SGD 200,000.
3.Permanent Residency (PR)
Direct PR application is possible.
Advantages of Immigration Through EntrePass
a.Does not require company operation before obtaining the EntrePass; preparation can commence after securing the pass.
b.Low initial investment; no minimum capital requirement for Entrepass application.
c.High control; entrepreneurs manage the company's registered capital and operations.
d.No educational qualifications required.
No.2 Immigration Through Employment Pass
Immigration through Employment Pass involves obtaining an Employment Pass (EP) to achieve immigration goals. It includes both regular immigration through Employment Pass (finding a job with a company sponsoring the EP) and immigration through self-employed employment pass (establishing a company and obtaining EP through self-employment).
Employment Pass Definition
The Employment Pass, set by the MOM, is the highest-tier work pass for foreign professionals (managers, supervisors, or specialized positions). Holders have unrestricted entry during the validity period, and renewal is possible if still employed.
Self-Employed Employment Pass Definition
The Self-Employment Pass allows applicants to register a private limited company in Singapore and obtain a work pass for self-employment.
Immigration Strategies
1. Dependant Pass (DP)
For EP holders with a monthly salary exceeding SGD 6,000, available for spouses and unmarried children under 21.
2. Long Term Visit Pass (LTVP)
Conditions vary based on EP holder's monthly salary.
Includes provisions for spouses, unmarried disabled children, and unmarried stepchildren.
3. Permanent Residency (PR)
Direct PR application is possible.
Advantages of Immigration Through Employment Pass
a.Long validity period, typically ranging from 1 to 5 years.
b.Low work experience requirements; recent graduates with a bachelor's degree can apply.
Conclusion and Recommendations
1. High-qualified individuals with an EP offer in Singapore may opt for Immigration through EP.
2. Those without work experience but with higher education, are advised to consider Immigration through self-employed EP.
3. For individuals with limited educational advantages, constrained funds but entrepreneurial experience and high industry innovation, immigration through EntrePass is recommended.
Established in 2011 and officially registered with the Ministry of Manpower, Singapore Skyline Business Singapore is your trusted partner for work pass and PR applications. Our experienced team specializes in Entrepreneur Pass (EP), S Pass (SP), Work Permit (WP), self-employed EP, and Dependant Pass (DP)/Long-Term Visit Pass (LTVP) applications. For expert assistance, feel free to contact us via WeChat (WeChat ID: sgtianyu1 or sissi-skyline) or WhatsApp us at +65-91328885.