What are the requirements for self employed EP immigration in Singapore?

Mondo International Updated on 2024-02-02

As a developed country in Asia, Singapore has attracted many applicants to immigrate here in recent years. However, many people mistakenly believe that only billions of people can immigrate to Singapore. Actually, no, Singapore offers an immigration program with a low threshold, namely self-employed EP. The program allows applicants to open a company in Singapore to hire themselves and eventually apply for immigration. Well, applyWhat are the requirements for self-employed EP immigration in Singapore? Here's what you know.

1. Project Overview

The program requires applicants to open a company in Singapore, and then hire themselves as a director of the company, so as to apply for a work permit, and after obtaining the pass, they can also apply for permanent residence status if they meet certain requirements.

II. Application Requirements

1.Salary: since last year 9From the 1st, the minimum qualifying wage standard of the Singapore EP has been increased.

Other Industries: S$5,000.

Financial sector: increased to S$5,500.

It is important to note here that if you are over 40 years old, then you must meet at least twice the minimum salary + relative education requirements.

For example, the salary requirement for a 23-year-old applicant is S$5,000, a 35-year-old is S$8,000, and a 45-year-old is S$10,500.

2.Eligibility: Meet the compass 40 point requirement.

In the last year 9On the 1st, Singapore officially implemented COMPASS, and employers need to reach 40 points in terms of salary, education, employee diversity, and local employment to help employees apply for EP.

3.Quotas: There are no formal quota requirements.

3. Conditions for the whole family to immigrate

After obtaining the pass, the applicant can bring his relatives with him if he meets certain requirements.

Spouse: Applicants must earn S$6,000 per month to bring their spouse and 21-year-old unmarried children.

Parents of the main applicant: The applicant's monthly salary should be 1More than S$20,000 to allow parents to live in the new long-term life.

Fourth, the advantages of immigration

Relaxed conditions: no restrictions on age, industry, schedule, language, capital**, etc.

Free Passage: Singapore passports are visa-free to 194 countries and territories.

No Immigration Supervision: There are no residency restrictions, so there is no need to worry about immigration supervision.

Fast processing: The process is simple and the approval is fast.

Naturalization is simple: After obtaining permanent resident status, you only need to live in it for two and a half years to apply for naturalization.

Quality Education: Singapore offers abundant educational resources and offers bilingual teaching.

Three generations of immigrants: Dependents of EP holders have the same rights.

Strong sense of belonging: Singapore has a large number of Chinese people, and Chinese is the official lingua franca.

It's easy to renew: you don't need to worry about the company's profit requirements, you just need to run the company normally.

If you have any questions about the above content, please leave a message or private message in the comment area!

Related Pages