Starting January 1, 2023, employers must update their company’s last three years of financial turnover data in the Employment Pass Online (EPOL) system before they can submit a work pass application. If the turnover value for any particular year is not available – such as if the employer is a newly opened business or the business was not in operation during that year – the company will have to indicate this by entering a 0 in the system until such data is available. Sponsoring companies are encouraged to complete the requirement early to prevent delays when submitting applications in 2023.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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