All About Personalized Employment Pass Of Asiabizservices

All About Personalized Employment Pass Of Asiabizservices

By:


In order to accommodate talents all over the world, Singapore created a scheme called Personalized Employment Pass or known as PEP. AsiaBizServices, a leading company registrar in Singapore helps foreign individuals in the facilitation of this visa in an expedient way. As a new work visa, PEP allows foreign professionals to work in Singapore for up to 5 years and not be tied to one single employer. Since PEP is awarded based on individual merits, you can apply this visa individually without first securing a job in Singapore. There is a grace period of six months from the collection of the visa to secure employment.

At present, the Employment Pass or EP can only be issued as long as there is proof of confirmed employment with a specific employer. Whether the employment ends or the EP holder leaves, the work pass is immediately cancelled and the EP holder has to leave Singapore unless he finds employment with a new company. Moving to a new job with a different company or employer requires a new application, and therefore a new EP. However, because PEP does not tie the holder to any employer but is issued on the basis of an EP holders individual merits, a PEP holder is allowed to stay in Singapore for up to six months in order to evaluate new employment opportunities.

You are eligible to apply for the PEP as long as you meet any of the following requirements:

* Earn a monthly salary of not less than S$7,000, provided that the last salary is drawn not more than 6 months at the time of application
* A former P1 category Employment Pass holder who resides overseas (likewise, please note that you should not be unemployed for more than a continuous period of six months at the point of application).
* A current P1 category Employment Pass holder.
* A current P2 category Employment Pass holder with at least two years of working experience in a P category of Employment Pass and receives an annual income of at least S$30,000.
* A foreign graduate from institutions of higher learning in Singapore that has at least two years of working experience on a P or Q1 category Employment Pass (please take note that your annual income should be a minimum of S$30,000).
* It is also important to take note that a PEP holder is prohibited from starting their own company in Singapore. However, they are permitted to own a minority Shareholding in the company and he can act as one of its Directors.

Some benefits of having a PEP are the following:

* PEP holders can enjoy job flexibility. They can generally take on employment in any sector. When he needs to change jobs, a PEP holder need not re-apply for a new pass.
* PEP holders are also given the flexibility of a continuous period of up to six months without a job to evaluate employment or work opportunities. They are not required to leave Singapore during this time.

About the Author:
Asiabizservices is the leading provider of Singapore Personalised Employment Pass Services. It has successfully helped thousands of foreign entrepreneurs start a Singapore company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your ti



Article Originally Published On: http://www.articlesnatch.com


Tags: ,

|

Loading...
Related....
Videos...

Recent Business Articles

Comments

Still can't find what you are looking for? Search for it!

Loading

Site Navigation:

Copyright 2005-2011 ArticleSnatch, LLC - All Rights Reserved.
Privacy Policy | Terms of Service.