A Brief Overview of MOM’s Latest ONE Pass
Overview of ONE Pass
Singapore introduced the Overseas Networks & Expertise Pass (ONE Pass) on January 1, 2023, aiming to strengthen its position as a global talent hub. This pass is designed for top talents in various sectors, including business, technology, science, arts, culture, sports, academia, and research. The ONE Pass allows eligible individuals to manage and work for multiple companies in Singapore simultaneously.
The ONE Pass is valid for five years and may be renewed indefinitely for additional five-year periods as long as the renewal criteria are met. Successful applicants can also apply for Dependant Passes for their spouses and children, and Long-Term Visit Passes for their parents. Spouses on Dependant Passes are eligible to live and work in Singapore with a Letter of Consent (LOC).
Eligibility for ONE Pass
Candidates undergo a thorough assessment to determine their eligibility, focusing on their potential to significantly contribute to Singapore's economy and society. The application routes include:
1. By Salary – Candidates must meet either of the following criteria:
Current work pass holders or overseas residents who have earned a fixed monthly salary of at least S$30,000 (or its equivalent in foreign currency) over the past 12 months with their current company in Singapore.
Overseas candidates must have worked for an established company overseas for at least one year. The company must have a market capitalization or valuation of at least US$500 million or an annual revenue of at least US$200 million.
Future employment in Singapore must offer a fixed monthly salary of at least S$30,000.
*The fixed monthly salary must be derived from a single employer, though other income sources may be considered on a case-by-case basis.
2. Outstanding Achievements:
Individuals with significant accomplishments in arts, culture, sports, academia, or research can qualify without meeting the salary criteria. These applicants must provide a detailed Curriculum Vitae (CV) and endorsement letters from local host research institutions such as the Autonomous Universities or A*STAR.
Benefits of ONE Pass
Starting a Company: ONE Pass holders can easily incorporate a company in Singapore and enjoy benefits such as a longer tenure and more flexibility compared to EntrePass holders. They can act as directors and shareholders in multiple companies.
Employment Flexibility: The pass is tied to the individual, not a company, allowing holders to start, operate, and work for multiple companies without needing to reapply for a new pass when changing jobs.
Family Benefits: Dependents, including spouses and children, can reside in Singapore. Spouses on Dependant Passes can work with an LOC.
Permanent Residency: Candidates and their family members are eligible for Singapore Permanent Residency after they have resided in Singapore for a minimum of 6 months.
Procedures for ONE Pass Application
Applications for the ONE Pass can be submitted by the applicant, a prospective employer, or an employment agency. The processing time is approximately four weeks, though additional documents and information may be requested by the Ministry of Manpower (MOM).
There is a non-refundable submission fee of SGD $105 per application, and if the application is approved, there is the issuance fee of SGD $255 for each applicant
Documents Required for ONE Pass
- For candidates meeting the S$30,000 salary criterion in Singapore:
Current Employment Pass
Monthly payslips for the past 12 months
Latest tax statements from the Inland Revenue Authority of Singapore
- For candidates meeting the S$30,000 salary criterion overseas:
Biodata page of the travel document
Monthly payslips for the past 12 months
Employment verification proof
Company valuation or revenue documentation
- For candidates with a prospective employer in Singapore:
Biodata page of the travel document
Monthly payslips for the past 12 months
Employment contract or letter of offer
Company valuation or revenue documentation
- For candidates with outstanding achievements:
Biodata page of the travel document
Latest month's payslips
Comprehensive CV highlighting key achievements
Endorsement letter from a local host institution for academia and research
Renewal Criteria
To renew the ONE Pass, the holder must either:
Maintain an average monthly salary of at least S$30,000 over the past five years in Singapore; or
Operate a company in Singapore that employs at least five local employees, each earning a minimum salary of S$5,000.
Annual submissions of income details and professional activities are required for MOM's assessment.
We recommend calculating your chances of approval prior to submitting the ONE pass application. For more information on the ONE Pass, consider consulting with E&H Immigration Consultancy. Visit www.eh-immigration.com for more information.
