Singapore unveils long-term work visas to end talent crunchOffice workers walk out for a lunch break at Raffles Place financial business district in Singapore on Aug 22, 2022. The new rules will allow foreigners earning a minimum S$30,000 ($21,431) per month to secure a five-year work pass, with a provision to allow their dependents to seek employment, according to the Ministry of Manpower. “Both businesses and talent are searching for safe and stable places to invest, live and work in. The problems are at the high end of the income ladder -- where Singapore wants to attract top global talent particularly in next-generation, technology-heavy industries -- as well as the lower end. “We need to focus on attracting and retaining top talent, in the same way we focus on attracting and retaining investments.”
