Singapore is changing visa rules!!!
Singapore is changing visa rules to draw foreign employees and strengthen the labour market. According to the Ministry of singapore Public Power, new rules will allow foreigners to seek employment with their dependents to secure a 5 -year work visa with a minimum of $ 30,000 ($ 21,431) per month to secure a 5 -year work visa.
Talent is a major weapon of the success of the nation
Minister Tan See Leng held a press conference on Monday. He said, 'Both business and talent are looking for the right and safe places for investment. singapore is one such place. Tan See Leng said, "The time has come to take advantage of this opportunity to strengthen the position of singapore as a global centre of talent."
Prime minister Lee Hsien Loong said in one of his speeches, 'This is an era where talent is a major weapon of the success of the nation. We need to emphasize attracting and maintaining top talent.
Inflation will increase with an increase in salary
This announcement by the singapore administration is very new regarding visa rules. After the Covid epidemic, this decision of the singapore government can attract foreigners towards it. singapore is taking many important decisions to fix its economy.
Singapore is struggling with a shortage of talents these days. In the technical field, a large scale of such workers is being seen. In such a situation, the singapore government is relaxing visa rules to remove the talent crunch. It is believed that due to this decision of the singapore government, inflation may increase there. This is the reason that inflation is at its highest level in the last 14 years.
Singapore is busy strengthening its central bank. The government is insisting on making strong economic policies. Due to Singapore's new rule changes, challenges in the market will increase and there will be a fierce battle with rival countries like australia and Britain.
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