For many affluent families, choosing between an Employment Pass (EP), EntrePass, or PR status in Singapore involves balancing flexibility, taxation, and immigration timelines.
The Employment Pass allows foreign professionals to work and live in Singapore with relatively low entry barriers, especially if tied to a local entity or family office. It offers annual renewal, but not long-term settlement rights.
PR status, in contrast, requires longer commitments but unlocks advantages like Central Provident Fund (CPF) contributions, easier school access, and simplified investment pathways.
EntrePass caters to founders building innovative startups. Each option carries its own compliance, tax, and mobility trade-offs.
FAQs:
Q1: Can a family office CEO apply for EP?
A: Yes, provided the entity is locally registered and salary meets the threshold.
Q2: Is PR revocable?
A: PR can lapse if residency obligations aren’t met during re-entry permit renewals.
Q3: Does EP offer any path to PR?
A: Yes, after several years of stay and contribution.
User Comments:
“EP was flexible for our son’s startup, while we explored PR through GIP.” — Jeremy L.
“PR gave us more schooling options and community integration.” — Hanna Y.
(Editors: admin)