Singapore unveils long-term work visas to end talent crunch

The new rules will allow foreigners in Singapore earning a minimum S$30,000 (US$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. - Bloomberg

SINGAPORE, Aug 30 (Bloomberg): Singapore is overhauling visa rules to attract foreign workers and ease a tight labour market that’s contributing to wage and price pressures.

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.