The Economic Development Board just announced plans for a new work pass called Tech. Pass to be launched in January next year. This is a pass targeted to attract founders, leaders and technical experts with experience in established or fast-growing tech companies. The pass will be valid for 2 years upon issuance, with a one-time renewal of a subsequent 2 years (total 4 years validity only).
Applications will open on January 2021, with 500 places available upon launch. More information about what is required for the application will only be announced then.
Application Eligibility Criteria
The applicant must satisfy any two of the following conditions:-
- Drawn a fixed monthly salary of at least SG$20,000 in the past 1 year
- At least 5 years of experience in leading role in a tech company (with valuation /market cap of at least US$500mil or at least US$30mil funding raised)
- At least 5 years of experience in leading role (e.g. major contributions to design, development and/or deployment) in the development of a tech product that has at least 100,000 monthly active users or at least US$100mil annual revenue
After 2 years, the applicant has to meet a different set of criteria to be eligible for the one time renewal as well.
Differences between Tech.Pass and Employment Pass (“EP”)
The biggest difference between EP and Tech.Pass is the flexibility Tech.Pass offers as seen in the table below:-
Not allowed to start companies
Start and operate one or more tech companies
|Only allowed to be an employee of the sponsoring company
||Be an employee in one or more Singapore-based companies at any time
|Would require a new EP to be applied when changing employers, or would need to apply for EntrePass when starting a company
||Transit between employers or to an entrepreneur
Only allowed to be a director of the sponsoring company
Be a consultant or mentor, lecture in local institution of higher learning, or be an investor and director in one or more Singapore-based companies
Work Pass Alert – 新加坡明年将推出新准证来吸引科技专才
Nov 23 2020
科技准证 (Tech.Pass) 和工作准证 (EP) 的差异
|| Tech.Pass 科技准证
This alert is for your information only. Interested to know more?
Contact our Employment Pass Specialists at: