Singapore Offers 5-Year Work Visa For These Foreign Workers! (Check Your Eligibility)
Singapore has come up with a new plan in order to get more foreign workers to come to the country.
Reports have confirmed that the country’s plan is to overhaul visa rules and strengthen the labor market in Singapore.
Read on to find out the new rules by the Singapore government!
Singapore To Introduce Long Term Work Visa
The Ministry of Manpower has stated that the new rules will allow foreigners earning a minimum of S$30,000 ($21,431) per month to secure a five-year work pass, with a provision allowing their dependents to seek employment.
Exceptional candidates in sports, arts, science, and academia who do not meet the salary requirements are also eligible for the long-term visa under the Overseas Networks and Expertise (ONE) pass, which goes into effect on January 1.
As per Manpower Minister Tan See Leng, “Both businesses and talent are searching for safe and stable places to invest, live and work in. Singapore is such a place. It is therefore timely to leverage on this opportunity to cement Singapore’s position as a global hub for talent.”
Duration Of FCF Advertisements To Be Cut in Half
As per reports, Singapore plans to exempt jobs comparable to those held by the top 10% of Employment Pass holders from the need to be advertised locally before hiring foreigners beginning September 1 next year, under a system known as the Fair Consideration Framework.
The ministry stated that the duration of FCF advertisements, where applicable, will be cut in half to 14 days, and that the processing time for all EP applications will be reduced to 10 business days from the current maximum of three weeks.
The rule change will help the city-state better compete with rival business hubs like Hong Kong and the United Arab Emirates and catch up to Australia and the UK, which have similar global talent visas. A recruitment firm Robert Walters has stated that over 700 finance professionals relocated to Singapore from Hong Kong last year.
During the pandemic, the government faced criticism about the need for renewing the treatment and broader policies for migrant workers, primarily in the construction industry.
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