You will have to submit a new application for the existing Employment Pass (EP) or S Pass holder. There is no need to cancel the existing Employment Pass or S Pass while applying for the new pass.
What can you do as an existing Employment Pass holder?
- You may apply for a new job even while working with your current employer
- You can sign a new job offer while still being employed with your current employer
- Your new employer can apply for a new employment pass while you are still with your current employer
As an existing Employment Pass holder:
Do note that your Employment Pass is tied to your employer. Only your employer is allowed to apply the work passes for you. This means, if you resign from your existing job, your new employer is responsible to apply for a new pass and you will need to cancel your current pass. But remember, you do not need to cancel your existing pass until your new pass is approved.
What can happen as a best-case scenario is that your new prospective employer is willing to give you an offer, apply your new employment pass, get the approval in the form of an IPA (In-Principle Approval letter). That’s when you tender your resignation after having already secured your next job.
However, it is only advisable that you wait until you get the In-Principle Approval (IPA) for your new pass before you tender your resignation. Just be cautious that even if your new employer wants to hire you and you are an Employment Pass holder, it is no mean certain that MOM (Ministry of Manpower) will automatically approve, as they will need to scrutiny the new application once again and will go through many hoops before a decision can be made.
These days MOM is very strict about issuing Employment Passes and even if you are qualified, the new employer might not be allowed to hire someone under Employment Pass for various reasons. These days MOM is looking at number of citizens hired by a company as well as those hired under Employment Pass.
There are cases where some Employment Pass holders were left jobless when they resigned after getting a new job from another company. The new company was not allowed to hire these guys as MOM thought the new company had too many Employment Pass holders and too few citizens working for them. So do take note on this and be careful before you resign.