Singapore launches new rules for work visa

The Asian financial capital of Singapore unveiled new work visa regulations on Monday in an effort to attract international talent as it works to accelerate its recovery from the COVID-19 pandemic.

The measures include a new five-year visa that permits holders to work for multiple employers at once and offers their wives authorization to work for those who earn at least S$30,000 ($21,445.42) a month.

Beginning in January, the new visa will be accessible.

Due to stringent border controls during the epidemic, Singapore—a popular destination for overseas companies to put their regional headquarters—saw a significant reduction in population for the first time in almost two decades.

Tan See Leng, the city-minister state’s of manpower, stated during a news conference that “we cannot leave any opportunity for investors to worry or have issues as to whether Singapore remains open.”

“Talent is our only resource as a country with little or no resources, and talent acquisition is for us an aggressive approach,” he continued.

In addition, beginning September 2023, certain tech experts with in-demand talents will be qualified for five-year visas instead of the existing two- to three-year ones. Additionally, the processing period for employment passes, which are normally given to highly compensated professionals, will be instantly shortened to 10 days.

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