The Difference of Work Permit for Singapore Immigrants

# Singapore Immigrant # Introduce that you can work in Singapore, which proves that you have obtained the work permit WP/SP/EP. This work permit is also a legal long-term residence permit for foreigners to live and work in Singapore. Let's share the differences between Singapore immigrant work permits. Welcome to read!

The first difference between Singapore immigrants' work permits

First, WP is aimed at those who apply for labor services in Singapore, that is, the "blue collar" in China.

Requirements for the applicant:

Salary and education: No requirement.

Age: China applicants must be above 18 and below 50.

Other requirements: the applicant shall not stay in Singapore during the WP application period; The employer needs to buy insurance for the applicant, and the insurance amount is at least S $ 15000; Pay a deposit of S $5,000;

In addition, the Singapore government has strict restrictions on companies applying for WP, such as quota restrictions (WP in the service industry cannot exceed 8% in the company), WP holders can't apply for family permission, WP work permits are generally valid for two years, and they can't apply for Singapore PR. Children can't study in Singapore during their work, and they can't enter and leave Singapore at will, so they need to pay labor tax.

Second, SP is aimed at those who apply to go to Singapore to engage in professional and technical work, that is, the "gray collar" in China.

Requirements for the applicant:

Education: College degree or above or technical qualification certification (technical certification requiring at least one year of full-time study);

Working years: there is no clear minimum working years, but work experience will be used as the audit standard;

Other requirements: SP applicants' salary is above S $2,300/month.

In addition, the Singapore government also has restrictions on companies applying for SP, such as quota restrictions (the number of SP employees in the service industry should not exceed 65,438+05% of the total number of employees, and other industries should not exceed 20%). However, compared with WP, SP card holders can apply for relatives cards for their spouses and children (2 1 under one year old), with a monthly basic salary of 5,000 yuan. If you meet the requirements, you can also apply for Singapore PR, but the corresponding conditions are still complicated and difficult.

3.EP is aimed at those who apply to go to Singapore to engage in senior management or technical work, that is, the "golden collar" in China.

Requirements for the applicant:

Young applicants need to have a diploma from an excellent institution (such as a national university), with an employment salary of 3,600 yuan and relevant professional experience before they can apply. As for older candidates, they must have higher salary and senior managers with corresponding work experience.

Other requirements: EP applicant's salary is 3600 SGD/month or above.

EP belongs to high-end talents. Singapore regards the introduction of talents as a national policy, and there is no quota limit for EP applicants. The more, the better. And you can apply for PR, or you can bring your family to apply together.

Further reading: the benefits that Singapore immigrants can enjoy

Singapore's low taxes and high welfare are completely different from China's. Singapore stipulates that every Singaporean citizen or permanent resident must have his own provident fund account, and every resident can add money to this account every month or every year. If he works in Singapore, the enterprise is obliged to pay the employee's provident fund account every month. This system is somewhat similar to the four major domestic funds, but there are also differences.

1. Singapore's CPF account is a private account. It will not participate in the overall planning. Pay more, you will get more. If you pay less, you will get less, or you may not pay. If the personal account is used up, it can be left to the children later.

2. The money in the provident fund account can be used for medical treatment, house purchase and children's education.

Before the age of 62, residents can enjoy a monthly pension after retirement as long as they deposit S $90,000 in their accounts.

You can withdraw this money when you are 82 years old or retire.

5. The medical level in Singapore is very high in the world, but the medical expenses in Singapore are not expensive. Generally, everyone can pay part of their account, and the government will subsidize part of it, plus part of the insurance company's claims, so most people can afford it.

Singapore's immigration benefits are more advantageous than domestic ones, and low taxes are also attractive, including many domestic entrepreneurs who choose to invest in Singapore. On the one hand, they can enjoy the benefits here without worrying about overseas taxes.