Personalized Employment Pass
The Personalized Employment Pass (PEP) is another work visa which is available to foreigners who intend to work and live in Singapore. It is intended to be used by high-level professionals. One advantage inherent to the Personalized Employment Pass which is not applicable to the Employment Pass lies in the fact that the Personalized Employment Pass grants its holder additional flexibility to seek any employment opportunity in Singapore of the holder’s choice.
Either of two criteria must be fulfilled by one who intends to receive a Personalized Employment Pass. The first of these criteria is that of being a current Employment Pass holder who earns a minimum of S$12,000 every month. The second of these is that of being a foreign professional who has been working in another country with a most recent drawn monthly salary of S$18,000 or more.
Simultaneous Ownership of an Employment Pass and a Personalized Employment Pass
Due to the fact that one of the criteria for Personalized Employment Pass eligibility is that off being a current Employment Pass holder with a monthly salary of at least S$4,500, it can thus be concluded that it is not only possible but even relatively common for a person to be a holder of an Employment Pass and a Personalized Employment Pass at the same time.
Despite this fact, a person who owns both visas simultaneously may only do so for three years because that is the validity duration of the Personalized Employment Pass. Furthermore, a Personalized Employment Pass cannot be renewed; only an Employment Pass can be renewed. Once a Personalized Employment Pass is no longer valid, there are two options which are available to its holder. The first of these options is that of applying for an Employment Pass. However, as has been mentioned, it is often the case that a Personalized
Employment Pass holder is already an Employment Pass holder as well. Such people obviously are not required to apply for an Employment Pass if they already own a valid Employment Pass. The second option is that of becoming a permanent resident (PR) of Singapore; however, it is only possible for a Personalized Employment Pass to do so after a period of six months has elapsed.