EP P1 holder applying for PEP - chances of success?

[Broadleaf]

Hi,

I have been in Singapore for 6 months, working on an EP P1.

My wife and child are also here on Dependents Passes.

I earn S$26.5k per month and would like to switch to a PEP, plus Dependents Passes, in order to give me some job flexibility.

Can anyone advise me on what the chances of success might be?

Thank you.

[Strong Eagle]

Chances are probably excellent. By why switch? Unless you are planning on taking a lot less next job, your next EP will be a shoe in as well. I'd bet money that at your rate of pay your EP renewals will occur ad infinitum.

[Broadleaf]

Great, thanks for the confidence boost!

I am not concerned about the EP renewals, I am looking to be able to switch employer should the need arise.

On a related note, am I correct in assuming that with a PEP, there is absolutely no way that I can run my own business here? I have read about the EntrePass, but some of the requirements just don't fit the nature of my business.

Thanks again.

[Strong Eagle]

Great, thanks for the confidence boost!

I am not concerned about the EP renewals, I am looking to be able to switch employer should the need arise.

On a related note, am I correct in assuming that with a PEP, there is absolutely no way that I can run my own business here? I have read about the EntrePass, but some of the requirements just don't fit the nature of my business.

Thanks again.

You cannot run a business on a PEP. Be aware though, that individuals with strong business skills and a good track record, have gotten around the Entrepass scheme, by creating a private limited and then getting an EP from the company they created. Search is good.

[Broadleaf]

Thanks again for the heads up and the encouragement. I may have more questions in the near future - your advice is most helpful!