A new pass for Global Talent: the ONE Pass in Singapore

Information application ONE Pass Singapore

To increase the attractiveness of Top Talent, the Ministry of Manpower (MOM) in Singapore has introduced a new pass for Global Talent, called the Overseas Network & Expertise Pass (ONE Pass). This pass will come into effect from 1 January 2023.

This new pass is aimed at top talents working in the business, arts and culture, science and technology, academic or research sectors.

How is the ONE pass different from other working visas in Singapore?

The ONE Pass, available from 1 January 2023, is a personalized five-year work permit that allows the holder to set up, manage and work for multiple companies in Singapore simultaneously.

Unlike the EP, the visa will be attached to the individual and not to the employing company (this means that the holder will not have to re-apply if the employer changes and will not have to prove employment in Singapore prior to applying for the visa (if the overseas income requirement is met).

Apply for ONE Pass Singapore

What are the requirements for obtaining the ONE Pass?

There are two separate ways to apply for the ONE Pass.

1. Salary qualification

Applicants who are already in Singapore will need to earn a minimum monthly salary of at least SGD 30,000 in the year prior to application or demonstrate that they will earn this minimum salary in their future employment in Singapore.

Applicants outside Singapore will also need to demonstrate that they have worked in the year preceding their application in a company that qualifies as established. An established company qualifies if it has a market capitalization of at least USD 500M or annual revenues of at least USD 200M for a period of at least one year prior to the application.

2. Outstanding achievers

In addition, it should be noted that persons officially recognized for their outstanding achievements in the fields of arts and culture, sports, science and technology, and research and academia may be exempt from the salary requirement for the application of this ONE Pass. Further explanations are expected to be released by MOM before 1 January 2023.

What are the benefits of the ONE Pass?

  1. Increased visa validity duration: 5 years renewable for 5 years each time.
  2. Significant flexibility to start and manage an activity and/or to work for different companies at the same time.
  3. Simplification of MOM procedures as it is no longer necessary to re-apply when changing employers.
  4. Access to Singaporean employment will be facilitated for the spouse of a ONE Pass holder who will be able to work under a Letter of Consent.

A pass targeted at global talents

The ONE Pass would strengthen Singapore’s position as a global hub for talent, allowing employers to be more responsive and nimble business needs by competing for Global talent.

Financial Statements XBRL Format