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Singapore’s reputation as a global business hub thrives on its ability to attract (and importantly maintain) top international talent. To further solidify this position, the Overseas Networks & Expertise Pass (ONE Pass) was introduced in January 2023. This personalised work visa caters to high-calibre professionals across various sectors, offering a path to a streamlined and fulfilling career in Singapore.

Why the ONE Pass?

Singapore recognises the immense value that global talent brings to its economy. The ONE Pass from a Singaporean point of view aims to attract leading figures strategically focused on international law, technology, energy transition, intellectual property, finance, and health care.

Benefits for Individuals or families with the ONE Pass

The ONE Pass offers a multitude of advantages. Some key highlights include::

  • Work Flexibility: Unlike traditional work visas tied to a specific employer, the ONE Pass grants holders the freedom to work for multiple companies concurrently. This allows expats to pursue diverse projects and leverage their expertise across various organisations such as sit on multiple boards, be director of multiple companies or set up their own company whereby they could employ someone through an LOC.
  • Letter of Consent (LOC): The ONE Pass eliminates the need for a new work visa application for spouses of ONE Pass holders. Employers simply need to issue a Letter of Consent (LOC) for spouses to begin working for them. This offers more work opportunities, especially with the new employment pass and compass guidelines which raise the threshold for such employment.
  • Five-Year Validity: The ONE Pass offers a long-term stay option, providing stability and peace of mind for expats and their families. The five-year validity period allows for career development and planning without the constant worry of visa renewals.

Meeting the ONE Pass Requirements

To qualify for the ONE Pass, applicants must demonstrate a strong track record of excellence in their chosen field. Key eligibility factors include:

  • Proven Expertise: A minimum of ten years of relevant work experience with a proven track record of achievements is typically required.
  • Salary Threshold: Applicants must command a minimum fixed monthly salary of S$30,000 or its equivalent in foreign currency.
  • Educational Qualifications: Holding a recognised university degree or equivalent qualification is generally expected.

The ONE Pass application process is facilitated by the Ministry of Manpower (MOM) in Singapore. By meeting the eligibility criteria and submitting the necessary documentation, expats can unlock the exciting possibilities offered by this innovative work visa scheme.

Upcoming Event

The ONE Pass signifies Singapore’s commitment to attracting and retaining the world’s brightest minds. With its focus on flexibility, long-term stability, and family considerations, the ONE Pass presents a compelling proposition for expats seeking a rewarding career path in the heart of Southeast Asia.

Select Investors are hosting Xignam (ONE Pass Specialists) in our office on Thursday 20 June at 6:30pm to discuss this topic in detail. Please email me at Jamie.burgmann@sjpp.asia or click on the below link to register for this event.

The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives. Members of the St. James’s Place Partnership in Singapore represent St. James’s Place (Singapore) Private Limited, which is part of the St. James’s Place Wealth Management Group, and it is regulated by the Monetary Authority of Singapore and is a member of the Investment Management Association of Singapore and Association of Financial Advisers (Singapore). Company Registration No. 200406398R. Capital Markets Services Licence No. CMS100851. St. James’s Place Wealth Management Group Ltd Registered Office: St. James’s Place House, 1 Tetbury Road, Cirencester, Gloucestershire, GL7 1FP, United Kingdom. Registered in England Number 02627518.