Recently, we have received good news thatMr.Y,a post-75s tech entrepreneur, hasbeen successfully approved for theONE Passin just3weeksas a“Top Global Technology Leader“.
As a formerTech Passholder andCEO ofa cutting-edge technology company, this upgraded certification is not only a testament to his industry-leading status, but also highlights Singapore’s superb treatment of strategic talents.
This case provides a very valuable model for global high-end talents to set up in Singapore.
1、Ploughing into the science and technology track, forging a globalized business map
The technology enterprise helmed by Mr.Yhas long been focusing on the fusion of artificial intelligence and blockchain innovation, and the distributed smart contract system developed under his leadership has served financial institutions in many countries around the world, with dozens of technology patents in reserve.
Thisdouble advantage of“technical barriers+global radiation“has enabled its enterprise valuationto realizea10-fold increase inthree years,laying a solid foundation of industry influenceforONE Passapplication.
2、Million annual salary+equity value, build super hardcore financial backing
As theCEO ofa multinational technology company,thesalary proofprovided by Mr.Yfor the past3years shows that his fixed annual salary amounts to far more thanthe threshold requirement ofS$30,000per month(i.e.S$360,000per annum) atthe base of theONE Pass.
It is worth noting that Singapore’s Ministry of Manpower specifically recognizesthe value of the assets formed byits“technology shareholding“, and this inclusive assessment of the innovative income structure fully reflects the policymakers’ in-depth understanding of the system for measuring the value of scientific and technological talents.
3. Strategic-level development planning wins official recognition
In the application documents,Mr.Y’s team systematically presented the “three-step“Singapore strategy:
In the first phase, the Asia Pacific headquarters will be located in the Marina Bay Financial District, and alocalized technical team of50people willbe formed;
In the medium term, we have established anAIethics lab inconjunction with Nanyang Technological University, and cultivated a 100-member doctoral R&D echelon;
A Southeast Asia Technology Venture Capital Fund (STVCF) of S$100millionis planned for the long term.This development blueprint, which integrates Singapore’s vision of a smart nation, washighly evaluated by experts from theSingapore Science and Technology Agency (GovTech), and became a key plus point for approval.
Photo/Mr. Y was successfully approved for ONE Pass.
4.Tech PasstoONE PassUpgrade Wisdom
As a formerTech Passholder,Mr.Y’s successful transition reveals the deeper logic of Singapore’s talent policy:
Whilethe Tech Passfocuses on attracting short-term contributions from scientific and technological professionals,the ONE Passfocuses on deepening the involvement of top talents in nation-building.
This upgrade enables them to enjoysuperb rights and benefits such as the right to free employment forfiveyears, the right to set up multiple businesses without employer sponsorship, and full-time work permits for spouses, thus truly realizing the “Talent Privilege“.
The launch of the fast-track approval channel is further proof of Singapore‘s policy orientationto“prioritizeand protect“strategic entrepreneurson a case-by-case basis.
Picture / Screenshot of customer’s favorable comments, the guide is required!
Conclusion: The Singapore Paradigm in the Battle for Top Talent
Mr.Y’s case reveals that Singapore isbuilding a“talent ecosystem“throughONE Pass:
Not only recognizing past achievements, but also valuing the future value; not only providing policy facilitation, but also giving resources to match. Forhigh-end talents with anannual income of more thanS$360,000, industry disruptive power or regional strategic value, it is advisable to take this opportunity to start thelayout of the “Southeast Asia Core Circle“.
Our professional team has developed a standardized assessment system and a library of customized solutions to help you accurately grasp this historic talent policy window.
Note:References are fromEDB,MOM,MAS,Singapore, synthesizedfrom Mr.Y’s dictation, reproduced with attribution.
