{"id":9527,"date":"2022-09-12T07:30:00","date_gmt":"2022-09-11T23:30:00","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=9527"},"modified":"2022-09-12T07:55:12","modified_gmt":"2022-09-11T23:55:12","slug":"guide-to-singapores-overseas-networks-expertise-pass-one-pass","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/guide-to-singapores-overseas-networks-expertise-pass-one-pass\/","title":{"rendered":"Guide To Singapore’s Overseas Networks & Expertise Pass (ONE Pass)"},"content":{"rendered":"\n

Top talents, or \u201crainmakers\u201d, are sought after globally. These top talents not only bring their individual personal skills, experience and expertise with them, but also usually their entire supporting ecosystem. They are rarely content with just reaching the pinnacle of their careers and often focus on cultivating and nurturing future generations of like-minded talents.<\/p>\n\n\n\n

The awarding of Public Service Star to Sir James Dyson is an example of how Singapore has attracted a top talent who has contributed significantly to Singapore\u2019s development. The move of Dyson\u2019s global headquarters to St James Power Station in Singapore is a win for Singapore\u2019s economic development and hopefully an opportunity to groom and nurture Singapore\u2019s future engineering talents.<\/p>\n\n\n\n

To enhance Singapore\u2019s attractiveness to top talent, the Ministry of Manpower (MOM) has introduced the Overseas Networks & Expertise Pass (ONE Pass). This new pass is different from the existing employment passes as it is a personalised pass meant for top talent in business, arts and culture, sports, science and technology, and academia and research.<\/p>\n\n\n\n

Here\u2019s what the new Overseas Networks & Expertise Pass (ONE Pass) entails and how to apply for it.<\/p>\n\n\n\n

Read Also: Guide To Work Passes In Singapore: Work Permits, S Pass and Employment Pass (EP)<\/a><\/em><\/strong><\/p>\n\n\n\n

ONE Pass Is The Most Flexible Work Pass Option In Singapore<\/strong><\/h3>\n\n\n\n

The Overseas Networks & Expertise Pass (ONE Pass) is unlike the regular Employment Pass as it is a personalised pass tied to the individual.<\/p>\n\n\n\n

The individual will be able to concurrently start, operate and work for multiple companies at any one time. There is also no need to reapply for a new pass if the talent chooses to change employers.<\/p>\n\n\n\n

 <\/td>ONE Pass<\/td>PEP<\/td>EntrePass<\/td>Employment Pass<\/td><\/tr>
Target Candidate<\/td>Top talent in business, arts and culture, sports, science and technology, and academia and research.<\/td>High-earning Employment Pass holders or overseas foreign professionals.<\/td>Eligible foreign entrepreneurs who are keen to operate a business in Singapore that is venture-backed or possesses innovative technologies.<\/td>Foreign professionals, managers and executives with a job offer in Singapore who meet the eligibility criteria.<\/td><\/tr>
Salary Criterion<\/td>At least $30,000<\/td>At least $22,500<\/td>Not stipulated<\/td>Minimum $5,000 and increases with age<\/td><\/tr>
Application<\/td>Candidates can apply directly<\/td>Candidates can apply directly<\/td>Candidates can apply directly<\/td>Employer applies on behalf of candidate<\/td><\/tr>
Pass Duration<\/td>5 years<\/td>Up to 3 years<\/td>1 year<\/td>Up to 2 years<\/td><\/tr>
Renewal<\/td>5 years<\/td>No.<\/td>1 year for first renewal, 2 years for subsequent renewals<\/td>Up to 3 years. Possible 5 years for experienced tech professionals with skills in shortage<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Under ONE Pass, they would also not be subject to Complementarity Assessment Framework (COMPASS)<\/a> and their employers will not be subject to the Fair Consideration Framework<\/a> job advertising requirement.<\/p>\n\n\n\n

This gives a lot of employment flexibility. However, to ensure that these flexibilities are utilised meaningfully, MOM will request pass holders to submit information on their professional activities over the year, and the annual salary earned from all professional activities. This would contribute to the assessment for renewal eligibility.<\/p>\n\n\n\n

ONE Pass Is Targeted At Top Talents Who Earn At Least $30,000 Or Have Outstanding Achievements<\/strong><\/h3>\n\n\n\n

The Overseas Networks & Expertise Pass (ONE Pass) is meant for top talent in business, arts and culture, sports, science and technology, and academia and research. Applications for this pass will start on 1 January 2023<\/strong>.<\/p>\n\n\n\n

To qualify, applicants (existing work pass holders and overseas candidates) need to show that they meet either of the following salary criteria:<\/p>\n\n\n\n