Singapore EP is a springboard for many people to immigrate to Singapore.
Why?
Singapore EP is a high-level work pass in Singapore, which allows holders to stay in Singapore for an unlimited period of time.
The same is that you can apply for permanent residence after a certain period of time, and the Hong Kong Talent Scheme can only apply for permanent residence after seven years, while with a Singapore EP, you can apply for permanent residence after two years.
The progress of immigration is a lot faster!
But Singapore EP is not so easy to get permanent residency.
If someone says that if you get the EP, you can get permanent residence directly after two years!
Then he must be a **!
So, how high is the pass rate of Singapore EP to permanent residence?
Although there is no official announcement of the specific situation of Singapore's EP to permanent residence, it can still be roughly estimated through some data.
At the end of September last year, the Population and Talent Agency of Singapore released a new version of Singapore's Population Brief 2023.
The total population increased by 5% year-on-year to 591760,000 people, a record high.
This 591760,000 refers to all people living in Singapore.
This includes not only citizens and permanent residents, but also non-residents, i.e. "migrant workers" who come to Singapore – EPs, SPs, workers, etc.
Among them, the number of citizens increased slightly by 60,000, an increase of 16%, permanent residence increased by 350,000 people, an increase of 37%, and the number of non-residents increased by 200,000, an increase of 131%。
Suppose Singapore Permanent Residency adds these 350,000 people, all of whom were transferred by EP, what is the pass rate?
Let's take a look at how many people are in the EP in 2022.
According to Singapore's "2022 Population Brief" data, the number of EPs is about 1720,000 people.
Do the math: 350,000 1720,000*100% 20%.
3If 50,000 people are all EP, the EP pass rate is about 20%.
But the reality is still not so ideal.
EP is the most likely to be transferred to permanent residence, but it is not possible for all EPs to be converted to permanent residence, and most of them are direct immigrants from abroad.
In the past few years, the annual increase in permanent residence has been around 30,000, and the number of EPs is also increasing every year.
Therefore, it can be estimated that the pass rate of EP is also difficult to reach 20%, and it may only be 10%.
But this does not affect the enthusiasm of the general public to take on the identity of Singapore through EP!
After all, among the many ways of immigration in Singapore, EP immigration is a low-cost immigration method.
Is Singapore EP good to apply for?
The application for Singapore EP is not difficult.
There is no quota limit, and you can apply if you meet the following conditions:
1. Have an offer in Singapore;
2. Engage in management, administrative or other professional work;
3. EP standard starting salary of S$5,000;
4. Have a good university degree, professional qualifications or professional skills.
In addition, it is necessary to meet the "points system" introduced by Singapore in September last year.
In the Complementary Professionals Assessment Framework (COMPASS) Points Test (COMPASS), a cumulative score of 40 points is required for approval.
Currently, there are two common ways to apply for EP: self-employment and employment.
1. Employment. Employer sponsorship is required for employment, that is, the applicant must find a suitable employer in Singapore, the employer meets the recruitment conditions, and the applicant can apply for EP after being hired by the employer.
2. Self-employed. Self-employment means that the applicant is self-employed as an executive when the company is incorporated in Singapore, and can apply for EP from the Ministry of Manpower after the company is operating normally.
If you are employed, it is recommended to choose a newly established company, which will have a higher approval rate for EP applications.
It's not that a company that has been established for many years is bad, but because the requirements for employers when applying for EP will be relatively high, and the pass rate will be relatively low.
At the same time, employment will also be troubled, such as the need for the company to provide various information, and the degree of cooperation is difficult to say.
It may consume more communication costs and time costs, which is not as convenient as self-employment.
Whether you are self-employed or employed, you will have your own advantages and disadvantages, and you will get the EP more smoothly if you choose the one that suits you.
Most of the "senior workers" who get the EP will want to get Singapore permanent residence status through the EP.
After all, this is a shortcut to get rid of capital!
Although the pass rate of EP to permanent residence is not high, there is still a chance to work hard.
The review of renewal and application for permanent residence mainly depends on two points: is the person in Singapore or not? Money not in Singapore?
There are a few important factors to consider:
1. Residence association.
Residency in Singapore is a must. Children can learn better in Singapore, and more points.
2. Age. Applicants between the ages of 25 and 45 will be more competitive, and young adults will be able to contribute to Singapore for longer.
3. Income. The standard starting salary for EP is S$5,000 and S$5,500 for the financial sector.
However, if you want to change to permanent residence, you need to increase your income, it is recommended to reach S$10,000 or above, the higher the income, the more tax you can pay, and the greater your contribution to Singapore.
Therefore, applicants who choose to be employed should work hard and strive to get a more advantageous salary, while applicants who choose to be self-employed should run the company well and pay more taxes in the two years after getting the EP.
If you meet the above important factors, establish a good foundation for work and life in Singapore, enhance your competitiveness, and contribute to Singapore society, the pass rate of permanent residence will increase!
In general, although the pass rate of Singapore EP to permanent residence is not very high, it is not completely without opportunities.
You can hold the attitude of "I am fortunate to get it, lose my life", don't be too anxious, and you can also find a suitable company to cooperate with to ensure that you can successfully get the Singapore EP and obtain the Singapore identity!