EP or DP on LOC--and banking jobs feedback

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
Post Reply
luckejuin
Newbie
Newbie
Posts: 1
Joined: Fri, 08 May 2020 5:19 pm

EP or DP on LOC--and banking jobs feedback

Post by luckejuin » Fri, 08 May 2020 5:23 pm

Hi frds, I have few queries about the job I have been offered in SG. I came to SG on DP. I got 4800 S$ monthly contract job offer recently. Also the agency is applying for EP from it's side. (Agency as employer). I want to know that LOC with Dependent Pass is a better option or EP? What specifically are the benefits of having EP. Also let me know if the banking sector here is good to work. My previous employer was a big IT MNC.Please suggest.Thanks

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 39572
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 10
Location: Retired on the Little Red Dot

Re: EP or DP on LOC--and banking jobs feedback

Post by sundaymorningstaple » Fri, 08 May 2020 6:36 pm

If you get employed via the Letter of Consent, the validity of your work permission is tied to your spouse's EP. When the spouse anchor's EP expires so does your LoC. The LoC is renewed at the same time the EP is renewed

On the other hand, if you have an EP, it is based on your own merits and your employer. The means it is not tied to your spouses' EP. This is good because should your spouse lose his job for whatever reason, if you are on a LoC you will also lose your job at the same time. Double whammy. Both incomes gone at the same time.

However, the criteria to get a LoC is not as stringent to obtain as the EP is. If you have the qualification to get it on an EP that would be the way to go.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 30 guests