Singapore Introduces Special Work Visa: Singapore is softening its visa policy to bring global talent into the country. The Manpower Minister of the country, Tan Si Leng has announced to issue a Special Work Visa. He says that this talent of the world will help Singapore to develop areas like sustainability, artificial intelligence or fintech. However, he says that in order to play this aggressive type of game, he has to be ready to face the challenges of other countries of the world.
will compete in the world
Singapore is hoping that this special work visa policy of their country will create competition in the world to attract the rainmakers of the world. Rainmakers are people or individuals who bring in income for a business or organization by brokering deals or attracting customers or money. The country’s Manpower Minister Leng said on Monday that there are concerns at the local level in the country regarding migrant workers, but he wants to balance them according to the need of his talent.
Manpower Minister Tan Si Leng in parliament said global talent would help Singapore develop areas such as sustainability, artificial intelligence or fintech. He said that the country will also have to face challenges from other countries for this aggressive strategy. “When we’re talking about top talent, we need to take into account how global they are, and how fierce the competition is for them,” Tan said.
What is special work visa
The Regional Financial Center of Singapore announced new rules regarding new visas two weeks ago. Under this, approval has been given to issue special work visas. Under this, a five-year visa has been offered to people coming to Singapore for work from other countries. Not only this, along with this, their life partner will also be automatically approved to work in Singapore.
The purpose of this visa policy is that people coming to this country for work on this visa can earn at least $ 21,452 per month in a month. The number of applicants for a work permit has also not been fixed in this one pass visa. This means that any number of talented people from all over the world can apply to work here. Actually, during the time of Corona, there was a ban on the arrival of foreigners in Singapore. Now gradually the economic activities have started increasing and Singapore is using it to attract the best talent in the country.
What are the pyre of Singapore
Britain, Australia and Germany have launched similar programs. On the other hand, Malaysia and Thailand, neighboring countries of Singapore, are also offering long-term visas to foreigners with specialist expertise who earn more than a certain income threshold, so Singapore will face tough competition from them. Singapore has seen discontent among its local workforce about the number of foreigners working in the country. The local people here fear that migrants are taking over the high paying jobs here. However, the Government of Singapore has said to address these concerns.
Here the government has insisted that the influx of foreign talent attracted to Singapore will help bring in many job opportunities for Singaporeans. Tan said Singapore will develop its talent and enhance the skills of its workforce. , while giving Singaporeans global and regional exposure so that they can take leadership positions in global firms. In May the head of Singapore’s central bank said the country’s financial sector was creating more jobs than local workers. He has warned that if only the Singaporean approach is adopted, it will prove to be a dangerous step in the country’s path to become a global financial center.