The Overseas Networks & Expertise Pass (ONE Pass) is a personalised pass designed to attract top-tier global talent to Singapore. Whether you're a high-achieving professional, entrepreneur, or specialist in your field, the ONE Pass offers a gateway to leverage Singapore's robust economic ecosystem. This article provides a detailed guide on eligibility, application processes, and key considerations for professionals interested in securing the ONE Pass.
What is Overseas Networks & Expertise Pass (ONE Pass)?
Overview: The ONE Pass is a 5-year renewable visa aimed at top professionals, providing flexibility in employment and business operations in Singapore.
Purpose: To attract high-caliber global talent across diverse sectors—including business, arts and culture, sports, academia, and research—Singapore aims to enhance its competitiveness and drive innovation.
ONE Pass Eligibility Criteria
Global Talent: Professionals with outstanding achievements and proven track records in their respective fields.
Entrepreneurs: Successful entrepreneurs with a history of creating innovative solutions, scaling businesses, and contributing to the industry.
Business Leaders: Senior executives or business leaders from established companies with significant contributions to their industries.
Criteria Details:
Current salary drawn should be above SGD 30,000 per month.
Individuals who do not meet the salary criterion but have exceptional achievements in the arts, sports, research, or academia may also be considered.
Key Benefits of the ONE Pass
Flexibility: Holders can concurrently start, operate, and work for multiple companies as the company director in Singapore.
Longer Validity: The pass is valid for 5 years, offering stability and long-term planning.
Family Benefits: Dependants and spouses of the pass holder are eligible for Long-Term Visit Passes (LTVP) or Dependant's Passes (DP).
No Local Sponsorship Requirement: Unlike other passes, the ONE Pass does not require a local sponsor.
What is the Application Process for ONE Pass?
Step 1: Prepare Documentation
Resume/CV: Detailed documentation of work experience, education, and professional achievements.
Salary Slips: Proof of salary to meet the eligibility criteria.
Proof of Achievements: Awards, recognitions, or significant contributions to your industry.
Business Plan (if applicable): For entrepreneurs, a robust business plan demonstrating potential impact in Singapore.
Step 2: Submit Application via MOM Portal
Online Submission: Applications are submitted online through the Ministry of Manpower (MOM) website. Appointed employment agents (EA) and employers can also apply on behalf of the candidates. The MOM application fee is $105 for each pass.
Processing Time: Typically takes 4 to 8 weeks, but may vary depending on the completeness and complexity of the application.
Step 3: Post-Approval Steps
Notification: Receive in-principle approval (IPA) letter via email. Submit Pass issuance and pay the MOM fee of $225.
Collection: Schedule an appointment to collect the pass in Singapore. Only authorised recipients or candidate can collect the pass.
Cancellation of current work pass: It's advisable to cancel your existing work pass only after your ONE Pass application has been approved and you are prepared to have the ONE Pass issued. Please be aware that once your work pass is cancelled, you are not authorised to work until your ONE Pass has been officially issued.
Optional - Apply for your family's passes after your pass has been approved.
What Are Some Key Considerations for Professionals?
Long-Term Planning: How the ONE Pass aligns with your career trajectory, business goals and relocation plan.
Compliance Obligations: Understanding tax implications, reporting requirements, and maintaining compliance with local laws.
Networking Opportunities: Leveraging Singapore's strategic position as a hub for regional and global business networks.
Conclusion
The ONE Pass is a powerful tool for global professionals looking to make a significant impact in Singapore. With the right guidance and preparation, you can navigate the application process smoothly and take advantage of the opportunities this premium visa offers. If you’re considering applying for the ONE Pass, Account-Ink Pte Ltd is here to support you on any of your work pass application.
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