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For All Sectors effective from 01-Sep-2020:
- Fixed monthly salary of at least $4,500 (Older & more experienced candidates need higher salaries).
- Older and more experienced EP applicants in their early 40s will need to earn around double the new minimum qualifying salary of $4,500.
- EP renewals will be subject to the new salary requirement with effect from 01-May-2021 to moderate the impact on businesses.
For Financial Sector effective from 01-Dec-2020:
- Fixed monthly salary of at least $5,000 (Older & more experienced candidates need higher salaries).
- Older and more experienced EP applicants in their early 40s will need to earn around double the new minimum qualifying salary of $5,000.
- EP renewals will be subject to the new salary requirement with effect from 01-May-2021 to moderate the impact on businesses.
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- For eligible foreign entrepreneurs wanting to start and operate a new business in Singapore.
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- For high-earning existing Employment Pass holders or overseas foreign professionals. The PEP offers greater flexibility than an Employment Pa
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