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Бизнес иммиграция Условия создания и ведения бизнеса для иностранцев. Юридические, налоговые органичения.

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Анализ внешнеторгового баланса страны, что куда и откуда, почему, ключевые партнеры, тренды, тенденции

-Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: electronic goods, fuel and chemicals. Main imports are: fuel (33 percent of total imports), electronic components (25 percent), machinery (16 percent), chemicals (6 percent) and manufactured goods (5 percent).

Petroleum oils and pharmaceutical products contributed to the rise in Singapore’s trade

An increase in trade in petroleum oils (SITC 333 & 334) led the expansion in the share of Mineral Fuels, Lubricants & Related Materials which grew from S$61 billion in 2003 to reach S$274 billion in 2012. The main contributor to the increase in the share of Chemical & Chemical Products was a rise in trade in pharmaceutical products which grew from S$16 billion in 2003 to S$33 billion in 2012. Trading Partner Profi le


-Main trading partners are Malaysia, China, Indonesia and Hong Kong. Others include: United States, EU, South Korea and Japan.

Emerging markets, especially China, were the largest drivers of Singapore’s trade.

The profi le of Singapore’s top 10 trading partners has seen some signifi cant changes over the past decade. The shares of the EU-27 and the US in Singapore’s merchandise trade declined from 25 per cent in 2003 to 18 per cent in 2012 (Chart 5). This was unsurprising as the weak performance of the EU and US economies in recent years contributed towards the decline of Singapore’s merchandise trade with them. Over the same period, China’s share of trade with Singapore rose 3.4 percentage points.

Since 2009, the value of exports exceeds imports for Singapore’s trade with China. In comparison, the value of imports exceeds exports for Singapore’s trade with the US since 2006.

-Singapore is generally a free port and an open economy. More than 99% of all imports into Singapore enter the country duty-free. That is why Singapore is a major transshipment hub for the Asian market. Re-exports constitute 44% of all exports.

Бизнес иммиграция Условия создания и ведения бизнеса для иностранцев. Юридические, налоговые органичения.

Given Singapore's aspirations to become a major player in the globalized world, the nation's main economic strategy is based on being home to a highly skilled workforce. In addition to investing heavily in information technology and human capital to meet global competition, the government has focused on developing Singapore into the "talent capital" of the global economy.

The following are the main types of Singapore work permit schemes for foreigners in the professional employment visa category:

· Employment Pass (EP)

· Entrepreneur Pass (EntrePass)

· S Pass

· Personalized Employment Pass (PEP)

None of the above Singapore work permits except the S Pass come under a quota system. This means that the work permit will be approved mainly based on the credentials of the applicant and the employing company. More details about the above work passes are provided below:


The Employment Pass (EP) is the main type of work permit meant for company owners or skilled employees that will be working in Singapore. Your fixed monthly salary must be more than S$3,000 (w.e.f. 1 January 2012) and you should be a degree holder from a reputable university. There is no official quota system limiting the number of Employment Passes that can be issued.

Validity: Employment Pass is initially issued for 1-2 years (at the discretion of authorities) and renewable as long as the applicant continues to be employed by the company.

Eligibility:Company owners and professional staff with tertiary education and relevant experience.

Quota System: There is no quota official system for Employment Pass.

Permanent Residence Eligibility: Employment Pass holders are eligible to apply for PR status in due course.

For more detailed information on the Employment Pass, refer to Singapore Employment Pass guide.


Entrepreneur Pass (EntrePass) type of work permit is a variation of Employment Pass and is the primary type of work pass for owners of newly incorporated (or to be incorporated) Singapore companies who wish to relocate to Singapore to operate their new business.

Validity: Entrepreneur Pass is initially issued for 1 year and renewable after that as long as the business remains viable.

Eligibility: Business owners who wish to incorporate a new company or have just incorporated a company that is less than six months old.

Quota System: There is no official quota system for EntrePass.

Permanent ResidenceEligibility: Entrepreneur Pass holders are eligible to apply for PR status in due course.

For further information on the EntrePass, refer to Singapore EntrePass guide.


The S Pass is for mid-skilled employees who earn a fixed monthly salary of at least $2,000 (w.e.f. 1 July 2011). S Pass applicants are assessed based on employer’s quota eligibility and applicant’s qualifications. Instead of a degree, a technical diploma is acceptable for this kind of work pass.

Validity: S Pass is initially issued for 1-2 years (at the discretion of authorities) and renewable after that as long as the applicant continues to be employed by the employer.

Eligibility: Mid-level technical staff.

Quota System: Yes. For more details on quota, see Computation of Company’s Quota Balance.

Permanent ResidenceEligibility: S pass holders are eligible to apply for PR status, however they may have to wait 4-5 years and have a stable job history in Singapore.


The Personalised Employment Pass (PEP) is a special type of Employment Pass that is not tied to a specific employer. The biggest benefit of having a PEP work permit is that you can switch jobs without re-applying for a new employment pass provided that you are not unemployed for more than six months. The biggest downside is that you are not allowed to start your own company as a PEP holder; instead it’s meant for you to be employed by a third-party employer. The eligibility requirements for PEP are quite strict.

Validity: PEP is issued for 3 years and non-renewable.

Eligibility: Well paid professionals who want to work in Singapore for an employer. PEP holders cannot start their own business in Singapore.

Quota System: There is no official quota system for PEP.

Permanent ResidenceEligibility: PEP holders are eligible to apply for PR status in due course.


For further details on PEP, refer to Personalised Employment Pass guide.


The Miscellaneous Work Pass is issued to foreigners working in Singapore on short-term assignments. More specifically, you will be issued a Miscellaneous Work Pass if you are:

· involved in activities directly related to the organisation or conduct of any seminar, conference, workshop, gathering or talk concerning any religion, race or community, or political end;

· a foreign religious worker giving talks relating directly or indirectly to any religion; or

· a foreign journalist, reporter or an accompanying crew member not sponsored by any Singapore Government agency.

Validity: Short-term

Quota System: No. Each Misc Work Pass application is considered based in its own merit.

Permanent ResidenceEligibility: Misc Work Pass holders are not eligible to apply for PR status.

Around the time of the May 2011 general elections, the government of Singapore was facing widespread public disapproval of its liberal immigration policies for the highly skilled. This, coupled with difficult global economic conditions since the Great Recession, brought about a slight reversal of Singapore's policy stance towards skilled labor in the second half of 2011.

In two rounds of policy tightening with regards to employment pass and S-pass eligibility criteria between July 2011 and January 2012, it was decided that skilled foreigners must command 11 percent to 20 percent higher salaries before being granted the right to work in Singapore. And in December 2011, a provision allowing certain foreign-born professionals (those who possess or had possessed selected university degrees and/or skilled migrant visas for other countries) to apply for an employment pass eligibility certificate so that they could remain Singapore for up to a year to look for employment was also scrapped. As a result, foreign-born students in Singapore now have three months after graduation to land a job before having to return to their countries of origin. Additional measures to tighten the demand for S-pass workers are also expected to be phased in between July 2012 and July 2013.

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