Singapore announced new work visas for foreign executives from technology companies. The technology sector is expected to drive economic growth in the future, Thursday (12/11).

Under the Tech.Pass program will be launched in January, up to 500 experienced executives can apply for visas for two years. This allows visa recipients to run a business, invest in or become a director in a Singapore-based company, and mentor startups.

Tech.Pass will add to the critical moment of technology talent had already established in Singapore and create a flywheel effect to further strengthen our position as a leading technology hub in the region," Singapore Trade Minister Chan Chun Sing said while announcing the program.

Armed with lucrative grants and incentives, Singapore has in recent years stepped up its efforts to attract technology companies and investors. This includes global players like Facebook, Google and Chinese tech giants like Tencent and Alibaba.

This program is part of Singapore's multi-pronged approach to develop a strong base of technology companies and talent to ensure Singapore remains globally competitive, "said EDB The program will create more opportunities for local technology talents to work in teams that compete globally alongside top technology talents from around the world.

Tech.Pass is an extension of the Tech @ SG program launched in 2019. Both programs facilitate fast-growing technology companies and established tech talent to enter Singapore to leverage the local technology ecosystem with their experience and networks.

Source : https://www.channelnewsasia.com/news/singapore/tech-pass-industry-edb-applications-13523134