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Singapore Hunts for Global ‘Rainmakers’ With New Expat Visa

  • ONE pass is aimed at attracting quality talent, Tan says
  • Salary isn’t the only threshold for qualifying for ONE pass
Boosting innovation and increasing productivity are key for Singapore as it seeks to raise manufacturing value-add by 50% and annual exports to S$1 trillion by 2030.

Boosting innovation and increasing productivity are key for Singapore as it seeks to raise manufacturing value-add by 50% and annual exports to S$1 trillion by 2030.

Photographer: Lauryn Ishak/Bloomberg
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Singapore won’t limit the number of applicants for its newest work permit, Minister of Manpower Tan See Leng said, as the city-state seeks to burnish its appeal to the best minds globally.

The introduction of the Overseas Networks and Expertise (ONE) pass last week as well as other steps that make it easier to hire expats are a response to the tight labor market, Tan said in an interview with Bloomberg Television’s Juliette Saly on Monday. The city-state’s officials have mentioned that they see the competition heating up with the likes of London and Dubai.