Changes in visa requirements in Singapore
The country of Singapore has introduced a few new changes to the Singapore visa policies to help businesses grow as well as ensure a fair selection of candidates that wish to travel to Singapore. These new reforms ease the Singapore visa rules for salaried candidates.
New requirements for EP
In the new Singapore visa reforms introduced in the Singapore budget 2022, it is stated that applicants that were being paid SGD 4,500 per month will rise to SGD 5,000 from 1st September. The amount will be higher for forthcoming workers in financial services, rising from the current SGD 5,000 to SGD 5,500. This reflects higher-than-average salaries in the sector. Candidates qualifying for EP in their 40s will be increased. For the EP renewal, the new salary benchmarks will come into effect on 1st May 2021.
New requirements for S Pass
The minimum salary will be increased from S$2,500 to S$3,000 in the new Singapore Visa reforms. The S pass qualification wages will come into effect from 1st September 2022.
Hiring continues despite the pandemic hit
During the pandemic crisis, the employment rates in Singapore dropped significantly, which also decreased the rates of the Singapore visa being processed. Despite the hit, some sectors were still able to thrive. Some of these sectors include the Tech firms that are still looking towards hiring candidates. Therefore, the Singapore government continues to help businesses grow along with the new Singapore visa reforms.
Below are the changes that have been introduced.
- applicants that were being paid SGD 4,500 per month will rise to SGD 5,000
- The minimum salary will be increased from S$2,500 to S$3,000 in the new Singapore Visa reforms.
The tourism sector in Singapore is also seeing a good turnover with the new Singapore visa reforms. The country has been a tourist hotspot for quite some time, which enables more people to visit Singapore. Travelers looking to visit Singapore, require an essential visa. Fortunately, the process is quite hassle-free and you can also obtain a Singapore visa online. All you need to
In summary, Singapore aims to be a hub that attracts foreign acquisition. With MOM implementing new reforms to the Singapore visa and other sectors, the country is pushing to create jobs. The country acknowledges the contribution of foreign labor, therefore changing the Singapore visa reforms and other policies surrounding the EP and the S pass. So if you are planning to visit Singapore on the mentioned basis, we suggest you research the new policies of the Singapore visa online.