150 work passes approved for foreigners in tech sector since January launch of Tech.Pass scheme

SINGAPORE - Some 150 work passes for foreigners in the technology sector have been approved by the Government since the launch of the Tech.Pass scheme in mid-January. This is a large jump from the 90 approvals announced in July, and the 22 approvals reported in March. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Debrief: New Tech.Pass work pass scheme a response to stiff competition for global tech talent

What's the story In a bid to raise its attractiveness to top-tier foreign tech talent, Singapore is launching a new work pass next year called Tech.Pass, which will be valid for two years and have the option to be renewed once for another two years. Pass holders can start and operate a business, serve on the board of directors of a Singapore-based company or be a shareholder or investor in companies here. They can also take up lecturing roles in institutes of higher learning, serve as a mentor or adviser to companies here, and conduct corporate training. Applications for it will start in January, and for a start, 500 places will be available when it is launched. Candidates for Tech.Pass must meet various criteria to show that they are high-level professionals in the tech industry. Renewal has stringent requirements too. The Economic Development Board will administer Tech.Pass, with the support of the Ministry of Manpower. Tech.Pass builds on the Tech@SG programme, which was introduced last year and which spells out more flexible requirements for foreign professionals to apply for an Employment Pass (EP) that applies to those with a fixed monthly salary of at least $4,500. Why it ma...