Employment pass salary 2023: The maximum salary cannot exceed two times of the minimum salary, Mar 4, 2022 · ADVERTISEMENT , Candidates need to earn at least $5,000 a month, while the salary criterion for the personalised pass will be updated to $22,500 1, EP candidates earning at least $22,500 in fixed monthly salary are exempted from COMPASS, Submit an application, Sep 2, 2022 · The Singapore government will introduce several changes to the current Employment Pass (EP) rules that will benefit eligible applicants, B, Prepare for arrival in Singapore, There will also be changes made to the salary benchmark and work pass conditions for the top 10 per cent of EP holders or Sep 3, 2020 · December 27, 2023 Volume XIII, Number 361, Financial Jan 16, 2023 · These new salaries will apply to EP renewals from 1 September 2023, Of at least SGD 12,000 for existing EP holders, Sep 1, 2023 · EP qualifying salary (Stage 1) From 1 September 2023, the following EP qualifying salary requirements apply to new applications and renewals: At least $5,000 for all sectors except financial services (increases progressively with age from age 23, up to $10,500 at age 45 and above) Sep 1, 2023 · EP qualifying salary (Stage 1) From 1 September 2023, the following EP qualifying salary requirements apply to new applications and renewals: At least $5,000 for all sectors except financial services (increases progressively with age from age 23, up to $10,500 at age 45 and above) Feb 21, 2022 · From September this year, the minimum qualifying salary for new Employment Pass (EP) applicants will be raised from the current $4,500 to $5,000, 3, Who is eligible, Feb 18, 2022 · The minimum qualifying salary for new S Pass applicants will go up to S$3,000 from the current S$2,500, MCI (P) 066/10/2023, 45 or above, As part of the criteria, applicants will need to earn a fixed monthly salary of S$30,000 and above, which is comparable to the salary drawn by the top 5% of the current Employment Pass (EP Mar 30, 2023 · Firms will be allowed to hire NTS Work Permit holders for seven occupations from 1 September 2023, when the first increase of S Pass qualifying salary for renewal applications is implemented, They do not need to pass COMPASS because that would only apply to renewals of EPs expiring from 1 September 2024, Firms that wish to hire NTS Work Permit holders on the NTS Occupation List will be subject to an NTS sub-dependency ratio ceiling of 8% and a fixed The salary offered must be clear, specific, and consistent, You must have a work contract of up to two years, The Employment Pass allows foreign professionals, managers and executives to work in Singapore, Revised Qualifying Monthly Salary From 1st of September 2023, all New Employment Pass Applicants must meet the Employmjent Pass Qualifying salary and pass the New Complementarity Assessment Framework (COMPASS), There's a minimum salary requirement for the Employment Pass, Pass holders have greater job flexibility than with other work passes, Jan 1, 2024 · Starting from September 1, 2022, there will be an increase in the minimum salary requirement for new Employment Pass applications, while from September 1, 2023, renewals will also need to meet the higher salary threshold, Criteria include earning a salary of at least $3,150, which is benchmarked against the top one-third of the local associate professionals and technicians (APT) salaries by age, This is noted that the qualifying salary will be progressively raised again in 2025, Who does this, EP holders must meet a higher qualifying salary from 1 September 2022 for new applications, and from 1 September 2023 for renewals, Employer or employment agent (EA) If you apply online: Processed or given an update within 10 business days, The enhanced SAT should be used to assess EP applications submitted from 1 September 2023 onwards, Stage 2: Pass the points-based Complementarity Assessment Framework (COMPASS) by scoring at Sep 1, 2022 · B, This is a 2-stage eligibility framework that allows more clarity of the EP eligibility criteria for businesses and concurrently improve the qualify of EP candidates Aug 5, 2022 · The upcoming increase in qualifying salary and levies is the first of 3 progressive steps to be implemented to attain this standard, with 2 further increases to follow for new S Pass applications from September 1, 2023 and September 1, 2025, and for S Pass renewals from September 1, 2024 and September 1, 2026, The applicant or firm can also score Aug 29, 2022 · New points system for Employment Pass applicants from September 2023, The EP can be renewed, All The above changes will apply to renewals, From 1 September 2023, new Employment Pass (EP) candidates need to pass the points-based COMPASS in addition to meeting the EP qualifying salary, Legal Analysis, EP holders will be required to meet a higher salary with effect from 1 September 2022 for new applications, MOM will continue to raise the qualifying salaries and levies for S Pass holders, to uplift the quality of S Pass holders to the top one Mar 22, 2023 · Differences between Employment Pass vs Work Permit, From September 1, 2023, Each application is evaluated based on the candidate’s salary, work experience, skill set Eligibility for Employment Pass, Increases to the Salary Thresholds for Employment Pass (EP) and S Passes Increase in the Salary Threshold for EPs Mar 4, 2022 · An individual and/or firm that meet the expectations for each attribute or criteria will score 10 points and if it exceeds expectations, it scores 20 points, 1 September 2023 2 Higher minimum monthly salary for S Pass holders All except Financial Services S$2,500 S$3,000 for new applicants Salaries for older S Pass applicants, which increase progressively with age, will also be raised in tandem –S$4,500 for those in their mid-40s, Oct 31, 2023 · The new COMPASS framework comes in addition to the qualifying salary and consist of a point-based system to assess eligibility to the Employment Pass, Cannot be too broad, Jan 4, 2024 · The S Pass is designed for mid-level foreign workers with a minimum salary of S$3,650 for the financial sector and S$3,150 for other sectors (from 1 September 2023) for new applications, To ensure the quality of EP holders, the EP qualifying salary will be benchmarked to salaries of the top one-third of the local PMET workforce, Update Feb 2023: From September 2023 onwards, the new minimum qualifying salary for Newer S-Pass applicants will be raised to a higher salary threshold of $3150 to ensure fair employment towards both the locals and foreign employees, The S Pass minimum qualifying salary will be raised from S$3,000 to S$3,150, In the financial services sector, a higher minimum qualifying salary of S$3,500 will be Eligibility for S Pass, $10,126, Therefore the salary range advertised: Must be visible to all candidates and cannot be hidden, Aug 17, 2022 · Stage 1: Earn at least the EP qualifying salary, which will be benchmarked to the top one third (1/3) of local PMET salaries by age, Employment Pass eService (formerly EP Online) Check work pass and application status, An individual and/or firm that meet the expectations for each attribute or criteria will score 10 points and if it Changes to Employment Pass Singapore in 2023, Aug 15, 2023 · Under Singapore’s 2022 budget, the government announced an increase to the qualifying minimum salaries for several work permits, primarily the Employment Pass and the S Pass permits, For those working in non-financial services sectors; the minimum qualifying salary has increased from S$4,500 to S$5,000, Mar 4, 2022 · The S Pass minimum qualifying salary will go up to S$3,000 this September, and further increases are planned for 2023 and 2025, as previously announced in Budget 2022, The minimum salary required to obtain a PEP is S$12,000 (US$8,850) per month for existing EP holders and S$18,000 (US$12,513) per month for overseas foreign professionals, $18,144, Q1 Employment Pass: For individuals with a monthly salary of at least SGD 2,500 and relevant qualifications, A salary threshold of $3,500 will be introduced for incoming S Jan 18, 2023 · Who is eligible to the Personalised Employment Pass, P2 Employment Pass: For individuals with a monthly salary of at least SGD 3,500 and relevant experience and qualifications, the Employment Pass minimum salary threshold will be raised from S$3,900 to S$4,500 for new Requirements of the pass, The Employment Pass (EP) is designed for professionals with a minimum monthly salary of S$5,000 (S$5,500 for the financial sector), From $550 to $650, Candidates in the financial services sector need higher salaries to qualify, Employers and employment agents can use the enhanced Self-Assessment Tool (SAT) to get an indicative outcome of their EP applications, including COMPASS scores, As for those working in the financial services sector, the minimum qualifying salary has increased from S$5,000 to S$5,500, What is COMPASS and its relationship with the Employment Pass? Foreign professionals, managers and executives (PMEs) need an EP to work in Singapore, Explore which work pass you qualify for and what the pass allows you to do by reading the following comprehensive list: Salary, $550, Read more at straitstimes, Employment Pass holders may apply for a Dependant Pass for the following family members: - Spouse - Children (under 18 years of age) - A legally adopted child (under 18 years of age) - Parents / Parents-in-law; 2, Candidates who do not meet the EP qualifying salary will not be eligible for an EP, regardless of the points they would have scored under the C1, – An existing Employment Pass holder earning a fixed monthly salary of at least $12,000, Expertly Written, Mar 17, 2022 · Updates to EP qualifying salary, An EP applicant will first need to meet an increased qualifying salary dependent on age and industry, $9,898, Sep 1, 2023 · If you are renewing your employee’s EP expiring on 1 December 2023, they need to earn at least $5,000 if they do not work in the financial services sector, There are no changes to the S Pass Tier 2 levy, which will remain at $650, salary: S$5,000 Validity: Up to 2 years for new passes; up to 3 years for renewals; 5 years for experienced tech professionals with skills in shortage and minimum salary of S$10,500, Fixed monthly salary comparable to the top one-third of local PMET salaries, starting from $5,000 and increases progressively with age, up to $10,500 for those in the mid-40s, Select your sector to view the EP qualifying salary by age: Sep 1, 2023 · Required salary for 10 points (65 th percentile of local PMETs) Required salary for 20 points (90 th percentile of local PMETs) 23 or below: $5,155: $7,704: 24: $5,450: $8,281: 25: $5,745: $8,858: 26: $6,040: $9,434: 27: $6,335: $10,011: 28: $6,630: $10,587: 29: $6,925: $11,164: 30: $7,220: $11,740: 31: $7,515: $12,317: 32: $7,810: $12,894: 33 Current minimum qualifying salary for new applications (from 1 September 2022), and for renewals from (1 September 2023) Non-financial services: The minimum qualifying salary has increased from S$4,500 to S$5,000, To qualify for an EP, the candidate will have to pass 2 stages: Stage 1: Meet the EP qualifying salary based on age, qualification and sector (criteria as of today), Only eligible candidates will be considered for an S Pass, Employment/S Pass Self-Assessment Tool (SAT) View all, Oct 3, 2022 · From 1 January 2023, the MOM will introduce a new category of work pass called the Overseas Network & Expertise Pass (ONE Pass), Timeline for Implementation , Stage 2:Pass a new points-based Complementarity Assessment Framework (“COMPASS”), unless otherwise exempted (see below for details), For renewals from 1 September 2023 and new applications, individuals in all fields except financial Sep 1, 2023 · EP qualifying salary (Stage 1) From 1 September 2023, the following EP qualifying salary requirements apply to new applications and renewals: At least $5,000 for all sectors except financial services (increases progressively with age from age 23, up to $10,500 at age 45 and above) Sep 29, 2022 · The Personalized Employment Pass (PEP) is designed for high-earning EP holders and overseas foreign professionals, Increases to the Salary Thresholds for Employment Pass (EP) and S Passes Increase in the Salary Threshold for EPs Aug 29, 2022 · Spouses of the pass holders will also be able to work in Singapore if they have successfully received a letter of consent from the Singapore Government, Starting now, the minimum salary to apply for an EP will be S$5,000 instead of the current S$4,500, The main requirement to obtain the PEP is the fixed monthly salary, From September 1, 2023, the minimum qualifying salary for EP renewals has been raised to SGD 5000 monthly for all sectors, with the Financial Services sector being raised to SGD$5500, This minimum increases progressively with age, up to S$10,500 for candidates aged 45 and above, Otherwise, you will need to cancel the pass, Based on 6 criteria the scoring systems awards 0, 10 and 20 points per criterion, respectively corresponding to “does not meet expectations”, “Meet expectations” and “Exceeds Mar 4, 2022 · In the financial service sector - which has higher salary norms - the bar will be raised from $5,000 to $5,500 for new EP applicants, A number of changes to the Singapore work pass regime have come into effect from 1 September 2022, with more to come in 2023, , From 1 Sep 2025, From 1 September 2023, the fixed monthly salary criteria for both existing EP holders and overseas foreign professionals will be raised to $22,500, The duration of the pass is as follows: Jul 22, 2021 · Here’s what you need to know about the new minimum salary requirements for 2023, Use the Self-Assessment Tool to check a candidate’s eligibility before you apply, Jul 26, 2023 · The main categories are as follows: P1 Employment Pass: For individuals with a monthly salary of at least SGD 7,000, Mar 9, 2022 · Quotas for S Pass will also be updated on 1 January 2023, Here are the Apr 13, 2022 · Employment Pass candidates need to earn at least: Current criteria: $4,500 a month, 24 hours, For overseas company without a Singapore-registered company: within 8 weeks for most cases, Sep 1, 2023 · The S Pass Basic / Tier 1 levy rate will be further raised, as follows: From 1 Sep 2023, Here’s what you need to know, Changes to the Minimum Salary for Employment Pass, For new applications from Sep 2022 + renewal applications from Sep 2023: $5,000 a month (in general) $5,500 a month (for financial services) Applicants with more work experience will also correspondingly require a higher salary to qualify, Applicants are judged on a point-based system that considers salary, education level, relevant skills, job type, and work experience, 1 September 2022 Aug 29, 2022 · The monthly pay criterion is comparable to the top 5% of Employment Pass holders, com, In this article we outline the notable changes, To qualify for EP applications, candidates will need to pass a 2-stage eligibility framework: Employment Pass Eligibility Criteria Starting 1 September 2023, employment pass ("EP") applications for foreign professionals will follow a new two-stage eligibility framework, Employment Pass Category 2, You must have a salary between RM5,000 and RM9,999, The qualifying salary for older S Pass holders will be higher, given that local APT wages rise with age, 1, Aug 16, 2023 · Eligible high-earning foreign professionals can apply for a Personalised Employment Pass (PEP), Employers in Singapore must pay a monthly levy for S Pass holders, and depending on the tier; it costs either SGD $450 or SGD $650, These changes include: • Starting January 1, 2023, eligible applicants will be able to apply for the new Overseas Networks & Expertise (ONE) Pass; • Starting September 1, 2023, the top 10% of EP holders will continue to be exempt from the Fair A number of changes to the Singapore work pass regime have come into effect from 1 September 2022, with more to come in 2023, Salary benchmark, For any renewals from 1 September 2023 onwards, the higher salary requirement will also apply, Feb 20, 2023 · Monthly levy for S Pass holders, Employment-Pass (EP) Mar 4, 2022 · A framework to assess Employment Pass applications will start on Sept 1, 2023 It aims to ensure these pass holders better complement the resident workforce, MOM said From 1 Sep 2023, MOM will be enhancing the Employment Pass (EP) eligibility criteria, This change applies to all new EP applications as well as EP renewals that are submitted on or after September 1, 2023, For example, if the minimum salary is $4,500, then the maximum salary should not exceed $9,000, Not be unemployed in Singapore for more than 6 months at any time, For those in the financial services sector where starting salaries are already high, this new requirement will be S$5,500 instead of the old amount of $5,000, Sep 15, 2022 · From 1 September 2023, to provide greater clarity on the MOM’s work pass framework for talent, the MOM will implement a new public benchmark for such candidates, namely: The exemption bar for the FCF job advertising requirement and COMPASS will be raised from S$20,000 to S$22,500; and Apr 17, 2023 · Min, Earn a fixed salary of at least $270,000 per calendar year, regardless of the number of months you are in employment, Step, Personalised Employment Pass (From 1 September 2023) With effect from 1 September 2023, the fixed monthly salary criteria for both the existing EP holders and overseas foreign professionals will be raised to S$22,500 from the current salary criteria of at least S$12,000 for existing EP holders and S$18,000 for overseas foreign professionals, How long it takes, $18,647, Published by SPH Media Dec 4, 2023 · Stage 1: Meeting the EP Qualifying Salary, Quickly Found, From September 2023 onwards: the threshold will be increased to at least SGD 22,500 for both existing EP Mar 2, 2023 · However, MOM will proceed with the second step of the increase to the S Pass qualifying salary and the Tier 1 levy in September 2023, This is benchmarked to the top 10% of EP holders, Please note that an EP eService (formerly EP Online) account is needed to 44, The minimum qualifying salary progressively increases with age, reaching up to $10,500 for individuals aged 45 and above, If you applied for your PEP before 1 September 2023, you must earn a fixed salary of Aug 21, 2023 · From 1 September 2023, Singapore will use a new Complementarity Assessment Framework (COMPASS) to assess Employment Pass (EP) applications for non-local employees, Apr 17, 2023 · The Employment Pass (EP) is designed for professionals with a minimum monthly salary of S$5,000 (S$5,500 for the financial sector), The qualifying salary threshold for EP applicants has been raised to S$5,000 (US$3,694) from the current S$4,500 (US$3,332), The ONE Pass is a personalized, five-year work pass that will allow holders to start, operate, and work for multiple companies in Singapore at any time, Of at least SGD 18,000 (or equivalent) for foreign professionals, The EP application can score up to 20 points for each attribute – the applicant’s salary, his or her qualifications, the nationality diversity of the hiring firm and the firm’s support for local employment, Furthermore, from 2025, the tier 1 levy will be adjusted to SGD $650 from SGD $330 to manage the flow of S Pass holders better, Sep 1, 2023 · EP qualifying salary (Stage 1) From 1 September 2023, the following EP qualifying salary requirements apply to new applications and renewals: At least $5,000 for all sectors except financial services (increases progressively with age from age 23, up to $10,500 at age 45 and above) Mar 17, 2022 · Updates to EP qualifying salary, What is the duration, Employment Pass holders may apply for a Long-Term Social Visit Pass for the following family members: - Children (over 18 years Sep 13, 2023 · The change to the minimum EP qualifying salary will apply to new applications for EP with effect from 1 September 2022, and to renewals of EP with effect from 1 September 2023,