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In a press conference on strengthening Singapore’s position as a global hub for talent, held on 29 August 2022, Minister for Manpower and Second Minister for Trade & Industry, Dr Tan See Leng had announced four key enhancements that the Ministry of Manpower (the “MOM”) will make to the local work pass framework to attract top talent and experienced tech professionals in areas faced with skills shortages.
In summary, the MOM will be (i) introducing a new Overseas Network & Expertise Pass; (ii) increasing the benchmark for exemptions of certain Employment Pass requirements and Personalised Employment Pass eligibility; (iii) making changes to Employment Pass procedures; and (iv) introducing the option of a five-year Employment Pass for eligible candidates.
Details of the enhancements are as follows:
Further information on the above key enhancements can be found here. More details will be released by the MOM going forward.