Overview of the Tech.Pass
The Tech.Pass is basically an expansion of the Tech@SG programme managed by the Singapore Economic Development Board (EDB).
It focuses solely on the tech sector and offers pass holders the flexibility of taking part in various activities that can contribute to the local tech ecosystem.
What is Tech.Pass?
The Tech.Pass is an individualised visa that enables highly successful tech entrepreneurs, leaders, or technical experts globally to come to Singapore to carry out groundbreaking innovations.
The pass is currently undergoing review to determine whether Singapore’s work pass offerings require further rationalisation with the launch of the new Overseas Networks and Expertise (ONE) Pass.
At present, it continues to remain a work pass within MOM’s general work pass framework.
What Are the Benefits of the Tech.Pass?
Successful Tech.Pass applicants can accept more than 1 role at the same time in Singapore with these main benefits:
- Being able to begin and operate at least 1 tech company
- Being able to work as an employee in at least 1 Singapore-based business at any time
- Taking on the role of a consultant, mentor, or lecturer in local institutions of higher learning (IHL)
- Being able to be an investor or director in at least 1 Singapore-based company
- Not needing to apply for different passes while transiting between different activities
What Are the Eligibility Criteria for Tech.Pass?
- Possess a minimum fixed monthly salary of S$22,500 (or the equivalent in any foreign currency) received in the past 12 months. Candidates with a total annual income surpassing S$240,000 (or its equivalent in any foreign currency) will also be eligible for consideration.
- Hold a minimum of 5 years of cumulative experience in a managerial position within a technology company that meets the following criteria:
- A valuation or market capitalisation of at least US$500 million.
- Raised a minimum of US$30 million in funding.
How Much Does It Cost to Apply for the Tech.Pass?
After the application is submitted, applicants must pay S$105 for each pass.
When the pass is issued, they must pay another S$225 for each pass and S$30 for each Multiple Journey Visa, if applicable.
How Long Does It Take for Applications to Be Processed?
Applications take around 8 weeks to process.
However, the process may take longer if additional information is required.
FAQ
- Tech.Pass is an individualized visa aimed at highly successful tech entrepreneurs, leaders, or technical experts globally, whereas Tech@SG Programme is a program managed by the Singapore Economic Development Board (EDB) that focuses on nurturing tech talent within Singapore.
- Yes, Tech.Pass holders are eligible to bring their families to Singapore under this visa.
- Tech.Pass holders are granted flexibility in carrying out various activities within the local tech ecosystem. However, they are expected to abide by Singapore’s laws and regulations governing employment, business operations, and other relevant areas.
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