By 2023, the Singapore government will introduce a new work pass to attract global talent. The Overseas Network & Expertise Pass is a new pass designed for top talent in business, arts and culture, sports, science, technology, academia, and research.
Because it aims to attract people at the pinnacle of their professions and genuinely ensures that Singapore becomes a global magnet for talent, it will significantly improve the ease of doing business in Singapore. So, if you’re one who’s eyeing to apply PR under this category with the assistance of your Singapore PR application agency, then, later on, apply Singapore citizen, this article is for you.
What is Overseas Networks & Expertise Pass?
The Overseas Networks & Expertise Pass offers job flexibility by allowing qualified applicants to start, operate, and work for multiple companies in Singapore at the same time.
The Ministry of Manpower (MOM) plans to launch a new Overseas Networks & Expertise (ONE) Pass, which will be named after the qualities that Pass holders will bring to Singapore. It is intended for top talent from all industries.
Eligibility Requirements for the Overseas Networks and Expertise Pass Application
Those interested in applying for the ONEP must meet the following eligibility criterion:
● You must have a fixed monthly income of at least SGD$30,000 or its equivalent in the foreign currency of origin. This income must have been generated for at least a year.
● You must have a fixed monthly income of at least SGD$30,000 with the employer you will be working for.
● You must be able to demonstrate that you have worked for a well-known company within the last year prior to applying. A well-established company has a market capitalization of at least $500 million or annual revenue of at least $200 million.
ONEP passes have a 5-year validity period and can be renewed. Renewal periods will be for five years. To be eligible for renewal, you must have earned a fixed monthly income of SGD$30,000 or more in Singapore in the previous five years.
Passes for families
Allowing talent to bring their family members is one way to support them, just as a tree needs to be rooted. The ONE pass allows pass holders to bring in their family members who have Dependant’s Passes or Long-Term Visit Passes.
Dependant’s Pass
● Spouse (legally married)
● Unmarried children under 21 years old, including those legally adopted
Long-Term Visit Pass
● Common-law spouse
● Unmarried handicapped children aged 21 and above
● Unmarried stepchildren under 21 years old
● Parents
Is the ONE Pass (Overseas Networks & Expertise Pass) exempt from the minimum salary criteria?
Yes, there is an exemption for salary criteria for ONE Pass.
Individuals with exceptional achievements in the arts and culture, sports, science and technology, and research and academia may be eligible for ONE Pass even if they do not meet the salary criterion.
Examples of outstanding achievements:
● Candidates in the arts include those who have won prestigious regional or international awards for their artistic achievements.
● Applicants may have extensive experience in enabling roles such as managing top-tier talent.
● A world-class and renowned producer could provide networks, collaboration, and opportunities to help local talent grow.
● Athletes, coaches, sports scientists, and other sports-related specialists with a proven track record are all candidates for the pass. They should be a good fit for contributing to Singapore’s broader ecosystem while pursuing their own interests.
● Those granted the ONE Pass in research and academia, or science and technology will have demonstrated a high level of achievement in scientific and other academic research. This could include a track record of producing significant results from research, as well as international recognition of scientific and academic leadership.
Your Next Steps
The new system’s approval is yet another sign that Singapore is open for business. Singapore Top Immigration can assist you with your immigration if you are adamant about moving to the best Asian economy.
Please contact us and we will begin working on your PR application right away!
