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All foreigners who wish to work in Singapore must first get a valid permit, also known as a work visa or work permit. The type of work visa will vary across foreign students, professionals, managers, executives, entrepreneurs, skilled and semi-skilled workers.
The Employment Pass allows foreign professionals, managers and executives to work in Singapore. Candidates need to earn a fixed monthly salary comparable to the top one-third of local salaries, starting from $5,000 and increasing progressively with age, up to $10,500 for those in their mid-40s. They also need to pass the Complementarity Assessment Framework (COMPASS).
From 1 January 2025, the EP qualifying salary for new applications will be revised to at least $5,600, and at least $6,200 for the financial services sector. This revised EP qualifying salary will also apply to the renewal of EPs that are expiring from 1 January 2026.
If you are a foreign entrepreneur looking to start a new business in Singapore, you need an EntrePass which is for the foreign entrepreneurs who are keen to start and operate a business in Singapore that is venture-backed or possesses innovative technologies.
Personalised Employment Pass (PEP) is for high-earning existing Employment Pass holders or overseas foreign professionals. The PEP offers greater flexibility than an Employment Pass.
Overseas Networks & Expertise Pass is for top talent in business, arts and culture, sports, as well as academia and research.
Further, there are specific visas and work permits for Skilled and semi-skilled workers. The S Pass is for skilled workers where the candidates need to earn at least $3,150 a month.
Skilled and semi-skilled migrant workers in the construction, manufacturing, marine shipyard, process or services sector will need the Work Permit for migrant worker.
Also, there are specific visas for Trainees and students.
Training Employment Pass is for foreign professionals undergoing practical training. Candidates must earn at least $3,000 a month.
Work Holiday Pass (under Work Holiday Programme) is for students and graduates aged 18 to 25 who want to work and holiday in Singapore for 6 months.
Work pass exemption for foreign students applies to foreign students studying full-time at an approved school or institution in Singapore.
If you are a foreign student or trainee coming to Singapore under a training attachment programme, you should be holding a Training Work Permit, a Training Employment Pass, or be in the Work Holiday Programme. It is an offense for a foreign student to work in Singapore without a valid work pass.
Source: https://www.financialexpress.com/business/investing-abroad-singapore-work-visa-requirements-a-guide-for-foreign-professionals-entrepreneurs-workers-and-students-3703336/
