New “Overseas Networks & Expertise Pass”

[MOCHS]

Just announced in the news today. Lasts for 5 years and minimum salary per month is $30K. Seems similar to a PEP to me but renewable.

[sailtraveller]

Déjà vu

https://www.edb.gov.sg/en/how-we-help/i ... -pass.html

[daveco23]

I think I know the answer to this, but...
Total Package (Base/Bonus/RSU's) = Taxable income of well over 360k per year, thus meeting the 30K per month bar.
Base alone = Under 30K per month.
Assume I shouldn't waste my time applying? On EP currently.

[malcontent]

I think I know the answer to this, but...
Total Package (Base/Bonus/RSU's) = Taxable income of well over 360k per year, thus meeting the 30K per month bar.
Base alone = Under 30K per month.
Assume I shouldn't waste my time applying? On EP currently.

Looks pretty clear — $30k base monthly

[Swn4]

It is total fixed monthly salary of $30K inclusive of fixed allowances such as housing.
Also, the spouse can work with a letter of consent.
https://www.mom.gov.sg/passes-and-permi ... rtise-pass


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[sailtraveller]

It is total fixed monthly salary of $30K inclusive of fixed allowances such as housing.
Also, the spouse can work with a letter of consent.
https://www.mom.gov.sg/passes-and-permi ... rtise-pass


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Swn4/Malcontent - it's fixed monthly salary - I'm not sure if allowances count. RSU, incentive, bonuses are not part of fixed salary for sure, so ... not many can comply. Plus it says that this has to have happened for at least 5yrs previously ... so ... the number of ppl that were on >=30k per month over the last 5 yrs is not as many of who have been for the last yr - or ppl, as many are, have a lower base than 30k/month and instead have a variable component of cash bonuses, RSUs, perks/allowances etc.

[Swn4]

It does include fixed allowances but not variable items. See link for MOM'S definition of fixed monthly salary.

https://www.mom.gov.sg/faq/employment-p ... hly-salary


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[rajagainstthemachine]

Question is, is it attractive enough to come to singapore (excluding the hongkies )