Singapore unveils long-term work visas to end talent crunch

Singapore is revising its visa rules to attract foreign workers and ease a tight labor market that is contributing to wage and price pressures.

The new rules will allow foreigners earning a minimum of S$30,000 ($21,431) a month to obtain a five-year work permit, with a provision for their dependents to seek employment, according to the Ministry of Workforce. Outstanding candidates in sports, arts, sciences and academia who do not meet the salary criteria are also eligible for the long-term visa under the so-called Overseas Networks and Expertise (ONE) pass which will enter effective January 1.

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