JOHN MARCARIAN Expatland Global Network EXPATLAND GLOBAL NETWORK Founded in 2018, The Expatland Global Network is a fully owned not-for-profit social enterprise owned by the Expatland Giving Back Fund (EGBF). We are a community of reputable service providers delivering services to expats in cities all over the world. Our Expatland teams or E-Teams are city-based experts with the local knowledge to connect expats to independent businesses that offer a range of important services located In major cities around the world. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 EDUCATION BRONWYN SMALL ED-SG TWO CATEGORIES OF SCHOOLS Government Schools International Schools easy difficult for visa holders for visa holders to get to get admission admission MOVING TO SINGAPORE FORUM, 28 APRIL 2022 SINGAPORE INTERNATIONAL SCHOOL OPTIONS MOVING TO SINGAPORE FORUM, 28 APRIL 2022 SINGAPORE INTERNATIONAL SCHOOL OVERVIEW • Singapore students outperformed the global IB Average. • Diverse student populations- 80 Nationalities represented • Sport, Music and Co-curricular activities are resuming-post Covid. • Island-wide bus services. • English language support for Non-English-Speaking families. • Academic Support options for students affected by Covid school closures. • Bilingual language Options and comprehensive second language options. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 INTERNATIONAL SCHOOL SEARCH Virtual School Visits • A comprehensive school overview without having to travel to Singapore. • Assessments and admission processes can be completed online. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 INTERNATIONAL SCHOOL ADMISSION • Application is simple • Checklist ✓ Passport ✓ Birth Certificate ✓ 2 years school reports • Visa is not required in order to make the application. • School will apply for Student Visa if required. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 INTERNATIONAL SCHOOL VISA Two Options: • Dependent Pass - the visa is based on a parent/ legal guardian holding an employment pass. • Student Pass - the visa is independent of employment in Singapore. The application is made by the school on behalf of the student. ➢ Edu-trust schools only. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 PJ ROBERTS Cognita Cognita is a global K-12 schools Group with 86 schools in 11 countries across three continents and 59,000 pupils Spain(8) UK (40) India (1) Barcelona Madrid Hong Kong (2) Hyderabad Manaus UAE (3) Vietnam (3 ) Brazil (5) Thailand (4) Chile (14) Bangkok Rio de Janeiro London Dubai São Paulo Ho Chi Minh City Florence Santiago Switzerland (2) Zurich Singapore (3) Italy (1) LatAm Europe & Middle East Asia Landmark presence in the largest premium K-12 markets, enjoying long-term pricing and enrolment growth and government controlled supply dynamics Historical presence and strong positioning in the UK and Spanish markets, supported by favourable regulations and strategic growth investments in the Middle East Recent strategic expansion in Brazil and Chile, the countries with the highest enrolment growth in private international and bilingual schools in LatAm Schools Ave school size: 1,200 Schools Ave school size: 900 Schools Curriculum: US, Aus, British, IB Pupils Curriculum: British, IB, Spanish Pupils: Pupils 13 14k MOVING TO SINGAPORE FORUM, 28 APRIL 2022 54 20k 19 Ave school size: 1,400 26k Curriculum: Chilean, Brazilian, Bilingual We have a clear vision to be a global leader in K-12 education MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Who We Are In Asia MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Asia Staff Demographics COGNITA ASIA STAFF Headcount as at Jan 2022 Non-Teaching Teaching 589 330 512 204 370 198 275 207 125 91 Hong Kong India Singapore MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Thailand Vietnam ● ~2,900 staff across Cognita Asia ● 38% of our staff work here in Singapore ● Staff from over 40 different nationalities ● 58% Teaching Staff ● 42% Non-Teaching Staff We deliver a principles-led framework for education MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Being part of Cognita offers access to a wide range of opportunities for our schools to connect and to share #CognitaWay MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Who We Are In Singapore MOVING TO SINGAPORE FORUM, 28 APRIL 2022 School Profile: Australian International School (AIS) https://www.ais.com.sg/ MOVING TO SINGAPORE FORUM, 28 APRIL 2022 School Profile: Brighton College (Singapore) https://www.brightoncollege.edu.sg/ MOVING TO SINGAPORE FORUM, 28 APRIL 2022 School Profile: Stamford American International School (SAIS) https://www.sais.edu.sg/ MOVING TO SINGAPORE FORUM, 28 APRIL 2022 IMMIGRATION RONALD CHUN Echelon Global Services 4 TYPES OF WORK PASS Singapore has various ★ type of work passes catered to different skilled-level of foreign For foreign professionals, managers and ★ ★ Salary of at least $4,500 a month and have ★ Open to all nationalities. Meets minimum salary and assessment criteria. acceptable qualifications. ★ For mid-level skilled staff and semi-skilled workers. executives. ★ Company need to have allocated quota to hire. employees. These are some of the common S-Pass Employment Pass Entre Pass ★ work passes in Singapore. ★ For eligible foreign entrepreneurs wanting Work Permit ★ For high-earning existing Employment Pass to start and operate a new business(< 6mth holders or overseas foreign professionals, old) in Singapore. must meet minimum salary. Biz Plan to be done by applicant. ★ Offers greater flexibility, PEP is not exclusive to one employer. ★ MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Renewal is not allowed. 4 TYPES OF FAMILY PASS Singapore offers a range of Dependant Pass ★ Long Term Visit Pass For spouses and children of eligible ★ Employment Pass or S Pass holders. Minimum Dependant Passes for children or handicapped children of eligible salary of $6000. family members of a Work ★ Employment Pass or S Pass holders. Child below 12 years of age will have to submit their vaccination record prior to application of Pass Holder in Singapore. pass. Letter Of Consent for ICA-issued LTVP/LTVP holders Pre-Approved Letter of Consent These are types of ★ For eligible spouses or children of Singapore ★ citizens or PRs holding an LTVP/LTVP+ issued by Dependant Passes available in Singapore. For parents, common-law spouses, step citizens or PRs holding an LTVP/LTVP+ issued ICA. ★ The holder is pre-approved to work in Singapore. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 For eligible spouses or children of Singapore by ICA. ★ Pass allows the holder to work in Singapore. ★ The employer must apply for the LOC. EMPLOYMENT PASS • • Earn a fixed monthly salary of at least $4,500 (Mid 40s candidates S$8400). Employers must advertise job on MyCareersFuture (MCF) for at least 28days and consider all candidates fairly (until 31 Aug 2022) • Salary Education Job Posting Self-Assess ment Tool (SAT) MOM does not accept qualifications from unaccredited institution • Applicant need to have their certificate verified if their institution is not in MOM’s list. • Serves as an indication of whether a candidate meets the Employment Pass requirements MOVING TO SINGAPORE FORUM, 28 APRIL 2022 27 EMPLOYMENT PASS (job posting explanation) • Job Postings are open to Singaporean and PR. • Adhere with the Tripartite Guidelines on Fair Employment Practices. • Advertisement must be open for at least 28 days. • This is to allow job seekers to view and apply for the vacancy. • Job advertisements that have expired or have closed for more than 3 months cannot be used for EP applications. • Total number of EP applications cannot exceed the number of vacancies in the advertisement. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 EMPLOYMENT PASS (job posting explanation) EXEMPTIONS • Company has fewer than 10 employees. • Fixed monthly salary is $20,000 and above. • The vacancy is to be filled by an Intra-Corporate Transferee (ICT) • Under the World Trade Organization's General Agreement on Trade in Services (WTO GATS), ICTs refer to those holding senior positions in the organization or have an advanced level of expertise. • The vacancy is short-term, i.e. not more than 1 month. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 EMPLOYMENT PASS • • Earn a fixed monthly salary of at least $5,000-$5,500 (Mid 40s candidate S$10,500). Serves as an indication of whether a candidate meets the Employment Pass requirements (new applications from 1 September 2022 & renewals from 1 September 2023) • Salary Education Job Posting Self-Assess ment Tool (SAT) Top Tier Institution / Degree Equivalent Qualifications from MOM accredited institution list. • Application approval is based on four foundational criteria. • Applicant require 40 points to pass COMPASS MOVING TO SINGAPORE FORUM, 28 APRIL 2022 30 EMPLOYMENT PASS - COMPASS MOVING TO SINGAPORE FORUM, 28 APRIL 2022 EMPLOYMENT PASS (who are exempted from COMPASS?) COMPASS EXEMPTIONS • Earning at least S$20,000 fixed monthly salary • Applying as an overseas intra-corporate transferee under the World Trade Organization’s General Agreement on Trade in Services or an applicable Free Trade Agreement that Singapore is a party to; or • Filling a role on a short-term basis, i.e. one month or less MOVING TO SINGAPORE FORUM, 28 APRIL 2022 CONCLUSTION – SINGAPORE IMMIGRATION • Work Pass Assessment to be further tightened. • Applicants should perform the assessment as soon as possible. • Plan ahead - Supporting documents such as education certificates and transcripts should be readily available. • Dependent below 12 years of age should complete mandatory vaccination as soon as possible. • Other passes such as Student Pass and Guardian visas are also available as an alternative pass. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 MOVING CHARLIE SCOTT SIR Move WHO WE ARE SIR Move Singapore • Experienced professionals in the moving and relocation industry; • We offer international and domestic moving services, international air express delivery, commercial moving, pet moving among our scope of services offered to expats moving to Singapore. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 HOW TO BUDGET FOR MOVING YOUR HOUSEHOLD ITEMS Currently Shipping Companies (not the International Mover ) provide updated Freight Rates every 2 weeks, 15th of the qualifying month and 1st of the next month. Therefore, if you have accepted a quotation dated 10th July and your shipment has been booked on a vessel dated 28th August, your sea freight rate is only secured up to the 15th of July. Your International Mover will have to provide you with an updated sea freight rate closer to your vessel departure date. Currently, we are experiencing an increase every 2 weeks. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 HOW TO BUDGET FOR MOVING YOUR HOUSEHOLD ITEMS 1. The only way to reduce the costs is to reduce the volume of your shipment. Do consider selling and donating as means to reduce your volume. 2. You can consider long-term storage in country of origin and wait out this current crisis. However bear the following in mind: • There is no timeline when the rates will “normalise” • Potential increase in storage costs due to limited availability • Condition of the shipment after long term storage in non-temperature controlled environment • Paying for Insurance during the storage period MOVING TO SINGAPORE FORUM, 28 APRIL 2022 HOW TO BUDGET FOR MOVING YOUR HOUSEHOLD ITEMS 3. Plan ahead and set realistic expectations, we recommend at least 3 months. 4. Be mentally prepared for the unexpected. International Movers are doing their best to get shipping lines to prioritise household goods shipments, but in reality the industry does not have much power with the shipping magnates compared to the fast moving consumables. Please note that shipping lines reserve their right to ‘bump’ the household goods container to a later sailing, or altogether cancel the booking to free up capacity for other cargo. 5. Take comfort that you are not alone as every International Mover and Relocating Customer is affected. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 HOW LONG DOES SHIPPING TAKE FROM THE TIME IT LEAVES YOUR HOUSE TO THE DESTINATION ORIGIN DESTINATION NO. OF DAYS TO ARRIVE Europe, Middle East, Africa Singapore 12 to 36 Americas Singapore 21 to 42 Asia Pacific Singapore 3 to 16 MOVING TO SINGAPORE FORUM, 28 APRIL 2022 PERSONAL MOVING CHECKLIST – ONE MONTH BEFORE MOVING Pick up a Change-ofAddress Kit from the Post Office or make your own up with web-based templates. Also notify the address change with important contacts. Take a look around the house. Start to think about what you don't want to take with you. Prepare a list of what you want to move Stop by and make arrangements for picking up your important records Contact your child's new school and notify them of your upcoming move to their area. Start a new bank account in your destination Close out your bank accounts PERSONAL MOVING CHECKLIST – TWO WEEKS BEFORE MOVING Pack your vital documents in one place Make arrangements to disconnect your utilities. Get refunds for any deposits made. Have meters read. Provide your current utilities provider with your new address for them to send their final bill. Make arrangements to connect utilities at your new residence if possible. Make arrangements for cleaning. Arrange to have a sitter/family/helper watch your children on moving day. Check with your insurance company about transferring coverage to your new home. Inquire about your new destination auto licensing procedure and auto Insurance rates. Inquire about your new destination auto licensing procedure and auto Insurance rates. PERSONAL MOVING CHECKLIST – ONE WEEK BEFORE MOVING Dispose or drain any flammable items Plan what goes in the car/airplane with you MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Make travel arrangements for your pets. Purchase your moving insurance PERSONAL MOVING CHECKLIST – THE DAY BEFORE YOU MOVE Defrost, clean and air out your refrigerator. Clean your stove Purchase traveller's cheques for other possible expenses. Take down curtains and curtain rods. Get a simple breakfast ready for the next morning. Pick up ice and beverages for moving day. PERSONAL MOVING CHECKLIST – AFTER MOVING Explore your new neighborhood. Check smoke alarm, carbon monoxide detectors, and fire extinguisher. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 If necessary, install a new door lock and/or deadbolt. Update your address information if you haven't done so. TAXATION BOON TAN CST Accountants & Advisors OVERVIEW OF TAXATION FOR INDIVIDUALS • Singapore is a territorial tax system. • Investment income generated in Singapore is not subject to tax. • No capital gains tax. • No tax on foreign income (even if you remit it into Singapore). • Paper return due 15 April 2022. • E-filing due 18 April 2022 via IRAS MyTaxPortal. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 SINGAPORE TAX RESIDENCY • Tax residents are individuals residing in Singapore for more than 183 days in the year; OR • You hold a valid working visa. • Possible to be a tax resident of Singapore if you are in the country for less than 183 days. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 RATE OF INCOME TAX • Tax residents of Singapore are taxed on a sliding scale with tax rates commencing from 2% up to 22% • Non-residents of Singapore are taxed on their Singapore sourced income at a flat rate of 15% or the progressive resident tax rates whichever higher. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 COMPONENTS OF YOUR TAX RETURN Income • Generally, your income and any allowances derived from your employment will be subject to income tax in Singapore. • Benefits-in-kind are non-cash remuneration such as payment for rental of accommodation or schooling. Taxable in your personal name as ordinary income. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 COMPONENTS OF YOUR TAX RETURN Deductions • You are allowed to claim unreimbursed work-related expenses as a deduction. • Ensure you have a receipt to support the claim. • Ensure that it is in relation to work (e.g. catching a taxi from home to work is not deductible). • Donations made to registered charities in Singapore are deductible at 2.5 times of the amount donated (e.g. $100 = deduction of $250 in tax return). MOVING TO SINGAPORE FORUM, 28 APRIL 2022 TAX RELIEFS Tax reliefs offset the final tax payable. Common reliefs are: • Earned relief - $1,000 – general concession for all employees. • Spouse (married) relief - $2,000 – supporting a non-working spouse or if you are ordered to pay maintenance to ex-spouse under court order. • Child relief – $4,000 per child – for children under 16 years of age, but only one spouse can make the claim, or it can be shared. • Working Mothers Child Relief – only applies where the child is a Singapore Citizen, the mother need not be. • Foreign Domestic Worker Relief – twice of levy paid on one foreign domestic worker capped at $10,800 – only applies to working women. MOVING TO SINGAPORE FORUM, 28 APRIL 2022 Q&A Fireside chat with the Members of the Singapore Global Network Build relationships and connect with people. Facilitate ideas, thought leadership, talent, innovation and entrepreneurship Promoting opportunities in Singapore Panelist CHARLES ALLEN Senior Advisor in Digital Operations, TPG Moderator Alberenee Sim Regional Vice President (Europe) Singapore Global Network Panelist MARIA PIA BETTO Enjoyed this event? Answer our quick survey: Thank you, enjoy the journey!