15 Dec Exploring the Benefits of the Overseas Networks & Expertise Pass for Professionals Looking to Immigrate to Singapore
Singapore is known for its booming economy, stable political environment, and excellent quality of life. As a result, it has become a popular destination for people looking to work and live abroad. However, the Singaporean government has recently raised its immigration requirements, making it more challenging for people to obtain work visas and permanent residency.
One option that has recently become available is the Overseas Networks & Expertise Pass (ONE). This pass is designed for foreign professionals who have expertise in their field and can contribute to Singapore’s economy. In this blog post, we will discuss the ONE pass and how it can benefit foreign professionals looking to live and work in Singapore.
What is the ONE Pass?
The Overseas Networks & Expertise Pass is a new type of work visa that was introduced in Singapore in 2021. It is designed to attract foreign professionals who have extensive experience and expertise in their field. The ONE pass is a work visa that allows foreign professionals to work in Singapore for up to five years. It is renewable and can eventually lead to permanent residency.
To be eligible for the ONE pass, you must meet the following requirements:
- You must have a minimum of five years of work experience in your field.
- You must have a track record of successful business operations, innovation, or entrepreneurial experience.
- You must have a job offer from a Singapore-based company that is willing to sponsor your ONE pass application.
- You must earn a minimum salary of SGD 4,500 per month.
Benefits of the ONE Pass
There are several benefits of the ONE pass for foreign professionals. First and foremost, the ONE pass allows you to work in Singapore for up to five years. During this time, you can gain valuable work experience, network with other professionals, and contribute to Singapore’s economy.
Another benefit of the ONE pass is that it can eventually lead to permanent residency in Singapore. After working in Singapore for a certain period of time, you may be eligible to apply for permanent residency. Permanent residency in Singapore comes with several benefits, including access to public healthcare, education, and the ability to purchase property.
The ONE pass also provides a pathway to citizenship. After living and working in Singapore for a certain period of time, you may be eligible to apply for citizenship. Singaporean citizenship comes with several benefits, including the right to vote and travel freely.
How to Apply for the ONE Pass
To apply for the ONE pass, you must have a job offer from a Singapore-based company that is willing to sponsor your application. The company must also meet certain eligibility requirements, such as being registered with the Accounting and Corporate Regulatory Authority (ACRA) and having a certain level of paid-up capital.
Once you have a job offer, your employer will need to submit an application for the ONE pass on your behalf. The application process typically takes around eight weeks, and you will need to provide supporting documents, such as your resume, educational qualifications, and work experience.
In summary,the ONE pass is an excellent option for foreign professionals looking to live and work in Singapore. It provides a pathway to work in Singapore for up to five years, gain valuable work experience, and eventually lead to permanent residency and citizenship. However, it is important to note that the ONE pass is designed for foreign professionals with extensive experience and expertise in their field. If you are interested in applying for the ONE pass, be sure to speak with a qualified immigration -New Bridge Immigration Agent or consultant who can help you understand the eligibility requirements and application process.
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