- Company niche
A successful application is guaranteed if it is from a company operating in sector which is significant to the growth of Singapore economy especially if it is a priority sector. To illustrate, given that if you are applying for a job in a Research & Development centre of a medical or pharmaceutical institution with a high drawn salary, you will be able to secure your pass faster.
Conversely, if you are in an industry like Food & Beverage (F&B) or Information Technology (IT), and your salary only tops a little above the minimum salary qualification, it is unlikely that your pass will be approved.
When it comes to salary, Ministry of Manpower’s threshold is that the salary should commensurate the talent and be competitive enough to meet the manpower needs of the region’s economy. Your salary should at least be $3600 or more and if you have extensive experience in your field, it is only reasonable that you should be offered even a higher amount of salary.
Note that if there are many other applicants who meet other criteria on qualifications and experience, it lands to a point where applicants with a higher salary has a faster chance of approval. The logic here is that the salary must not match or compete with local talent, which is why it should be at a higher amount.
- Qualifications and experiences
An applicant’s skills should portray appropriate relevance to the potential employee’s job scope.
Apart from your resume, Ministry of Manpower will also closely scrutinize your job description to understand the responsibilities of the role and if it can create value-added advantages in the long run. If your position requires special or rare skills instead of commonly available skills, your application will be looked highly upon as such skills are considered scarce among local Singaporeans.
There are more chances for a successful application is applicant can provide any testimonials or past achievements from previous employers. The rationale here is that you will need to convince Ministry of Manpower that your skills are outstanding and different from the rest.
- Jobs Bank Requirement
The Singapore government is mandated to give priority for the locals in the hiring process. As such, employers are in the obligation to advertise the job in Job Banks for at least 2 weeks and until there are no locals applying for the job, only then they can consider hiring foreign employees.
This act is to mainly aid the government scheme called the Fair Consideration Framework (FCF). This scheme is directed to set clear expectations for companies to consider Singaporeans before hiring foreigners to uphold fair recruitment practice.
- Business Plan
If your company is still new and in early growth stages, a viable business model is required to build the profile of the company and it is best to demonstrate a 3-year projected financials and include a detailed proposed business activity in Singapore. Your application will also be looked upon favourably if you include emphasis on your future hiring plans for Singaporeans.
This business plan portrays your future plan and intention to positively contribute to the republic and do note that an ideal business plan usually consists of at least 3-4 pages supported with effective visual aids or pictures.
- Paid-up Capital
When it comes to paid-up capital, the longer the company operates, the higher are the chances of approval.
But even if you are a long operating company or a new company/start-up, you will need to demonstrate a large paid-up capital. This is to prove to Ministry of Manpower that you have the financial viability to pay out salaries consistently.
An ideal minimum paid-up capital is $50,000 which is an agreeable fund but the higher it is, better are the chances of approval.
Ministry of Manpower is clamping down on those companies who are not financially strong enough to support the salary pay out and other business expenses. The rationale here is that a low paid-up capital will have a low probability of approval as Ministry of Manpower will look at a capital of one-year expenses at least.
In our Singapore Employment Pass Guide 2, we have straightened out some of the critical factors for a successful application.
Employment Pass Application Form
if you are ready to to start your Employment Pass application – Click here to fill up the Employment Pass Questionnaire and our in-house agent will do the rest for you
You may also use the Self Assessment Tool (SAT) to check the Employment Pass or S Pass eligibility of your candidate before you apply or appeal.