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November 27, 2024

What is the Overseas Networks & Expertise Pass? A Comprehensive Guide

What is the Overseas Networks & Expertise Pass

The Overseas Networks & Expertise Pass is a work visa for the cream of the crop in Singapore. Those who are in business, arts, sports, and research.

This pass lets you work, start companies, and switch jobs in Singapore without needing a new visa every time.

You might wonder why the Singapore Government created this pass. We want the best minds in the world. With this pass, you can contribute to Singapore’s growth and innovation.

The pass has many perks. You can stay in Singapore for up to 5 years. Your spouse can work too. And you don’t need to earn a set amount each month.

These benefits make it easier for talented people to live and work in Singapore.

Key Points

  • The ONE Pass is for professionals in various fields

  • You can work for multiple companies with this single pass

  • The pass is valid for 5 years and offers benefits for your family too

Overseas Networks & Expertise Pass Overview

Overview of the One Pass

The Overseas Networks & Expertise Pass is a work visa for top global talents who are highly skilled to work and live in Singapore with exclusive benefits.

Eligibility Criteria

To qualify for the Overseas Networks & Expertise Pass, you need to meet certain requirements.

The main criteria is based on your salary and professional achievements.

You may be eligible if you earn a fixed monthly salary of at least S$30,000 from one employer. The salary must be guaranteed by a Singapore-based employer. You will be in the top 5% income bracket of Employment Pass holders.

If you don’t meet the salary requirement, you can still qualify based on outstanding achievements. These can be in science, technology, arts, or academia. Overseas candidates must have experience with established companies and meet specific salary thresholds.

The pass is open to professionals in all sectors which include business, sports, and research fields.

Benefits

The Overseas Networks & Expertise Pass has:

  • 5-year validity, longer than most other work passes

  • Ability to start and run multiple companies

  • Work for multiple employers at the same time

  • Spouse can work with Letter of Consent. ONE Pass holders have many advantages such as exemption from job advertisement requirements.

  • No need to reapply when switching jobs. Existing work pass holders must meet certain salary requirements to qualify for the pass.

These benefits give you more flexibility in your career. You can explore different opportunities without visa restrictions.

The pass aims to attract global talent to Singapore to create a diverse and skilled workforce in the country.

How to Apply

The Overseas Networks & Expertise Pass application is simple. You just need to gather the documents and know the timeline. Let’s get started.

Pass holders must submit professional activity and salary data every year.

Required Documents

To apply for the Overseas Networks & Expertise Pass you need to prepare the following documents:

  • Valid passport

  • Recent passport-sized photo

  • Detailed resume or CV

  • Proof of employment or business ownership

  • Income statements or tax returns

You may also need to provide educational certificates and professional qualifications.

Make sure all documents are in English or have certified translations.

Application Timeline

The ONE Pass application is fast. Here’s what to expect:

  1. Submit your application online through the official portal.

  2. Wait for processing. Most applications take 4 weeks to process.

  3. If approved, you will receive an In-Principle Approval (IPA) letter.

  4. After getting the IPA, you have 6 months to enter Singapore.

Plan your move accordingly. The faster you submit a complete application, the sooner you can start your Singapore journey.

Conditions and Commitments

The Overseas Networks & Expertise Pass has certain requirements and obligations. You must comply with these rules to keep your pass valid.

Renewal and Validity

The Overseas Networks & Expertise Pass has a 5 years validity. That’s a good amount of time to establish yourself in Singapore.

You can renew your pass when it’s about to expire. You must show that you still meet the pass criteria, including working for an established company with an annual revenue of at least USD 200 million.

Renewal is simple. You just need to show that you still meet the pass criteria.

This means maintaining a high income or keeping your expertise status.

Your spouse and children can also get passes to live with you in Singapore. Their passes will be tied to yours.

Compliance Requirements

While the pass gives you flexibility, you must comply with certain rules.

You need to inform the Ministry of Manpower of any job changes. This includes starting a new job or leaving one.

You also need to keep your contact information updated. The government needs to be able to reach you if needed.

If you are unemployed for more than 6 months, your pass will be cancelled. So stay active in your field.

You need to comply with all Singapore laws and regulations. This includes paying taxes on your income earned in Singapore.

How to Use the Pass Wisely

how to use the ONE pass wisely

Here are some tips:

Network. Having a prospective employer based in Singapore can open doors to new opportunities and collaborations. Connect with professionals and entrepreneurs through the Singapore Global Network. This can open doors to new opportunities and collaborations.

Stay updated on Singapore’s business scene. Keep up with local news and industry trends to know where your expertise can make an impact.

Consider entrepreneurial ventures. The pass allows you to start and operate businesses, so explore Singapore’s startup scene.

Use the flexibility of the pass. You can switch jobs or pursue multiple activities without reapplying for a new pass.

Diversify. Your pass is not limited to one industry so consider opportunities across different fields that match your skills.

Join local communities. Participate in events and initiatives to get to know Singapore better and build meaningful relationships.

Keep your skills up to date. Attend workshops, conferences, and courses to maintain your expertise and stay relevant in the market.

Plan for the long term. The pass has a 5 years validity so think about how you can contribute to Singapore’s growth during this period.

Don’t forget to comply with annual notification requirements. Update your personal and employment information as needed.

Final Thoughts

The Overseas Networks & Expertise Pass offers exciting opportunities for top talents globally. You can work in Singapore with more flexibility and benefits.

Key features:

  • 5 years validity

  • No job or salary requirements

  • Can start and operate businesses

  • Spouse can work on Letter of Consent

The ONE Pass is for exceptional individuals in various fields which include business leaders, artists, athletes, researchers, and academics.

Singapore becomes a talent hub with this pass. You can bring your skills and expertise to the economy and enjoy a great life.

Apply for the Overseas Networks & Expertise Pass if you are a high achiever. It’s your ticket to new opportunities in Singapore’s business scene.

The Overseas Networks & Expertise Pass offers global talent a 5-year work visa with flexibility to work, start businesses, and more in Singapore.

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    WIth over 20 years of professional experience in the HR sector. I strive to provide dedicated HR services that are tailored to your specific needs at affordable prices.

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