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Pass Application
Getting a Pass in Singapore
What is it?
A bookkeeping service is an economical means of guaranteeing that your finances are appropriately recorded as well as reported based on the economic strategy we help you create for your business.
“Accountant” uses a full series of bookkeeping and also accounting solutions geared towards assisting small to mid-sized firms. We custom-build a plan of private bookkeeping solutions that will completely match you and also your organization.
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Our Goal
Our primary goal is to assist business owners like you reduce time spent on non-essential tasks, enabling you to concentrate on core company functions and increase revenues.
In general, about 40% of most medium to large businesses improve their profitability using outside service providers for their bookkeeping and financial functions.
Due to technological advances, this same alternative is now available to small businesses. Firms using outsourced solutions are discovering that moving part or all of their bookkeeping and accounting functions to professional outside providers saves costs, while freeing up valuable management time.
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What We Can Offer
We can offer everything from basic bookkeeping services to running a complete professional accounting office for your company. We can provide everything you need to run your business without the cost of buying the software.
We bring together years of accounting experience, knowledge, skills, and expertise, to provide financial management control, bookkeeping & payroll services for small to medium businesses with a variety of business structures.
- Bookkeeping
- CFO Services
- Bank Reconciliation
- Functional Currency determination
- Re-measuring Accounts to Functional Currency
- Accounting Systems and Integration
- Foreign Currency Revaluation
- Quarterly GST Filing
- Monthly Management Account Review
- Preparing Statutory Financial Statements
- Financial Statements in XBRL Format For ACRA Filing
Types of Singapore Employment Passes
There are a total of three types of Employment Passes your hew hires can obtain: Q1, P2, and P1. There is also a specialized pass called the Personalized Employment Pass (PEP) which we are capable of obtaining for you if the employee meets its stricter criteria.
01
Q1 Employment Pass
This is the lowest level pass and designed for newly graduated individuals from qualified institutions who will earn at least $3600 per month. Older applicants may apply for this pass as well, but salaries should be higher.
02
P1 & P2 Employment Pass
This pass is a step up from the Q1, where the individual must earn at least $4500 per month as well as meet the qualifications for the position.
Leveling once more, applicants to the P1 Singapore Employment Pass must earn at least $8000 per month. Experience must be matched with expected duties for the position.
03
Personalized Employment Pass
The PEP is a special pass designed for individuals who make much more money per month as well as want to change job titles often. The applicant must have a salary at least $144,000 per year and not be unemployed for over six months.
04
Dependent Pass
Employment Pass Holders May Bring Family Members to Singapore
Whether the individual holds a Q1, P2, or P1 pass, family members are allowed to join them in Singapore. The only caveat is Q1 Employment Pass holders are not eligible for Long-Term Social Visit Passes for their spouses, meaning spouses may join them for the short-term or until the change their EP type.
Family members who wish to join the individual that has received the Singapore EP will need to apply for the Dependent Pass. Eligible individuals include spouses, unmarried children and step-children under the age of 21, and parents (if the EP-holder earns at least $10,000 per month).
File Your New Hire’s Singapore Employment Application Successfully with Ei-Biz
Our team understands the criteria, process, and timeframe related to filing for an Employment Pass in Singapore. We will successfully apply on your behalf and ensure the employee you want can legally work for you.
Hiring professionals outside of Singapore is a daunting process, and one in which you shouldn’t spend countless company hours focusing on. Ei-Biz handles your Employment Pass applications to grant new overseas hires for your company legal work permits.
We Submit, Monitor, and Follow-up on Singapore Employment Pass Applications
One-stop Business Solution
The Process of Applying and Renewing the EP Application
Applications may be submitted online through the EP Online Portal and follows with a $105 fee as well as a 3-week processing time. In rare cases, applications might need to be submitted through the mail, which can be done at any SingPost and follows with an 8-week processing time.
If approved, the Ministry of Manpower will submit an In-Principle Approval letter via the EP Online portal. Individuals will have 6 months to arrive in Singapore and obtain their Employment Pass. They may also need to be fingerprinted and photographed, but not always.
If the application is rejected, it can be resubmitted within 3 months of rejection notice, addressing the reasons why it was not approved.
Employment Passes can be renewed by the ministry for up to 3 years in total and can be submitted as early as 6 months but no less than 2 weeks prior to expiration. Failing to do so will result in submitting a new EP application.
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