Personalised Employment Pass (PEP) Scheme

The government of Singapore has introduced Personalized Employment Pass (PEP) Scheme with a vision to encourage global talent or resource to work in Singapore. The key advantage of this pass is that a PEP pass holder is not bound under any specific employer and can switch jobs without having to apply new work pass.

The Personalized Employment Pass (PEP) is a special kind of pass issued to top-tier foreign professionals willing to work and stay in Singapore. This pass is issued based on the merits of an individual rather than the employer in Singapore. The Ministry of Manpower (MOM) allows the PEP holder to switch jobs in Singapore without applying for any other visa and can stay upto 6 months in Singapore looking for new career opportunities after having left the previous job.

Characteristics of Singapore PEP

• Applicable only to top-tier or highly qualified individuals willing to relocate to Singapore to work and stay.
• PEP is not for foreign entrepreneurs looking to setup business in Singapore. In fact, the Singapore PEP holders are not supposed to incorporate a business of their own.
• The validity period of PEP is 3 years and is not renewable.
• After the expiry of the validity period, the PEP holder must either apply for an Employment Pass or for permanent residency.
• The PEP holders can bring their spouse and children to Singapore on Dependant’s Pass.

Who is Eligible to Apply for Personalized Employment Pass?

• P1 Employment Pass Holders: Only P1 Employment Pass holders with a minimum salary of S$12,000/month are eligible to apply for PEP. In addition to this, they should have been drawing a basic salary of S$144,000/annum in the preceding year.
• Top-Tier Foreign Professionals: The highly qualified foreign professionals with a minimum salary equivalent to S$18,000/month are eligible to apply for a Personalized Employment Pass.

Necessary Documents for PEP Application

• Filled in PEP application form 8.
• Copies of your educational certificates.
• Your resume comprising of educational and past employment details.
• The appointment letter from your employer in Singapore.
• Your passport-size photograph not older than 3 months.
• Copies of your last 3 months’ salary slips.
• Your bank statement and latest tax statement.
• Your passport details.

Processing Time for Singapore PEP

The Ministry of Manpower (MOM) takes approximately 5 weeks to process and approve your PEP application. Upon approval, the In-Principle-Approval (IPA) letter is sent to your address by MOM, which is valid for 6 months.

At Singapore Taxation we provide services with regards to the application of Singapore PEP including filling of application form, submitting the documents to MOM and other processing related formalities.

info@taxationservices.com.sg

+65-6536 0036