Effective 1 May 2020, the Ministry of Manpower Singapore (MOM) will be adjusting the minimum salary for foreign professionals to qualify for an Employment Pass (EP) to be raised to $3,900 per month (from $3,600 presently). This is in part due to the tightening of rules for hiring foreign workers as part of efforts to assure Singaporeans that they are competing on a level playing field.
This issue of maintaining a balanced approach in hiring foreign talent to complement Singapore's manpower requirement was debated in parliament recently. As inbound Singapore immigration specialists, we are fortunate to be in a position to analyse the situation from both sides.
So how will this impact Singapore Permanent Residence / Citizenship application?
Having been in the industry and equipped with the intricacies of all inbound Singapore immigration policies, we have opined that :
1) The tightening of EP and S-Pass issuance will create more employment opportunities for Singaporeans and Permanent Residents
2) We can expect higher quality professionals in the talent pool - only very highly qualified and specialised professionals for the respective industries and roles will be granted pass approvals
2) We could be looking at an increase in approval quotas - to convert the talent pool from existing pass holders to Permanent Residents and/or Citizens. (So that Work Passes can be issued to talent that Singapore is truly lacking in).
IASG’s track record in Singapore PR applications remains stellar. We have helped individuals and families from countries such as India, China, Philippines, U.S.A, South America, Australia, Malaysia, Japan and Korea among many others. We set ourselves apart from competitors because we keep ourselves relevant with the nation's policies and economic interests. In assisting clients to front a strong application, it is imperative we remain updated on trends and policies that can elevate or have a direct impact on our client's approval chances.
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