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According to some brief, "Effective January 1, 2018, the minimum fixed monthly salary for Employment Pass or S Pass holders qualifying them to sponsor their dependents (i.e., legally married spouse and/or unmarried children under 21, including legally adopted children) has been increased from S$5,000 to S$6,000.
Effective January 1, 2018, the minimum fixed monthly salary for Employment Pass or S Pass holders qualifying them to bring in their parents to Singapore on Long Term Visit Passes has been increased from S$10,000 to S$12,000.
This increase in the threshold salary to qualify for Dependents Passes or Long Term Visit Passes is in line with the MOM’s overall direction to moderate growth of the nonresident population, including foreign workforce inflow into Singapore. It remains to be seen if this will pose a challenge to companies that wish to employ foreigners with dependents."
By this stroke, do you think we can waive bye bye to "guess the race" foreigner, and dampen the demand in the rental property market ?
Effective January 1, 2018, the minimum fixed monthly salary for Employment Pass or S Pass holders qualifying them to bring in their parents to Singapore on Long Term Visit Passes has been increased from S$10,000 to S$12,000.
This increase in the threshold salary to qualify for Dependents Passes or Long Term Visit Passes is in line with the MOM’s overall direction to moderate growth of the nonresident population, including foreign workforce inflow into Singapore. It remains to be seen if this will pose a challenge to companies that wish to employ foreigners with dependents."
By this stroke, do you think we can waive bye bye to "guess the race" foreigner, and dampen the demand in the rental property market ?
