Which country to choose for overseas work in South East Asia? Comparison of high-paying jobs and visa difficulty between Singapore and MY

author
Neve
2024-11-15 15:01:56

In the choice of overseas workers in South East Asia, Singapore and MY are highly favored. Both countries not only have superior salaries, but also have advantages in employment opportunities and quality of life. Faced with different visa policies, development space, and living costs, how should migrant workers choose? Next, we will make a detailed comparison from high-paying positions, visa difficulty, and career prospects to provide decision-making reference for everyone.

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Overview of high-paying jobs in Singapore and MY

When choosing a destination for overseas work, the distribution of high-paying industries is often one of the most concerned factors for workers. Singapore and MY have different economic structures, so there are also differences in high-paying positions.

Singapore is known in South East Asia for its high-value-added industries such as high-tech, finance, and biomedicine. As a financial center, Singapore’s Financial Services, banking, and insurance industries offer many high-paying jobs, especially suitable for job seekers with backgrounds in finance, law, and data analysis. At the same time, with the promotion of artificial intelligence and technological innovation, technology positions such as software engineers and data scientists have also become an important part of high-paying industries. Singapore’s high average salary level, coupled with comprehensive social security, makes it an ideal place for many migrant workers.

MY excels in manufacturing, oil and gas, and service industries. Especially in Kuala Lumpur, finance, real estate, and oil-related industries offer good salaries. Compared with Singapore, MY has a lower cost of living, lighter housing and consumption burdens, which to some extent compensates for the salary gap. For migrant workers who are willing to accept lower living costs and value quality of life, MY’s high-paying positions are also quite attractive.

Visa types, application difficulty, and financial management

For overseas workers, visa policies and application difficulty are important factors in determining the construction site. Singapore and MY have significant differences in visa types and application requirements, which are suitable for different types of workers.

Singapore provides various types of visas for overseas workers, mainly including Employment Pass (EP), S Pass, and Work Permit. Employment Pass is suitable for professionals with high skills and education, with relatively strict application requirements, requiring employers to provide sponsorship, and applicants need to have certain professional qualifications and work experience. S Pass is suitable for medium-skilled personnel, requiring applicants to have a diploma or technical certificate, while Work Permit is suitable for low-skilled occupations. The approval time for Singapore visas is relatively short, but due to its high requirements, the threshold for obtaining qualifications is relatively high.

On the other hand, MY’s work visa application is relatively lenient, with common types including Employment Pass and Professional Visit Pass. Employment Pass is suitable for high-skilled professionals, although it also requires employer sponsorship, the requirements for education and skills are relatively flexible, and the application difficulty is relatively low. Professional Visit Pass is suitable for foreign workers who work for a short period of time, especially for workers who participate in technical exchanges and project cooperation. Overall, MY visa has a lower application threshold and simplified process, making it the preferred choice for many workers.

For overseas workers, the convenient flow and remittance of funds is one of the important considerations. Through platforms like BiyaPay , workers can easily convert multiple currencies and securely transfer funds. BiyaPay supports real-time exchange of multiple fiat and digital currencies, which not only simplifies the cross-border remittance process, but also provides workers with a convenient way to manage funds, with low fees, fast arrival, and no limit on the amount.

Career Development Opportunities and Cost of Living

When choosing a country to work overseas, Career Development opportunities and cost of living are important factors for migrant workers to consider.

Singapore, as the financial and technology center of South East Asia, provides abundant development opportunities for high-skilled talents, especially in industries such as finance and technology, with broad promotion opportunities. However, the cost of living in Singapore is relatively high, especially in terms of housing and transportation, which requires migrant workers to have strong economic affordability. Nevertheless, its internationalization environment and stable Career Development path have attracted a large number of migrant workers.

In contrast, MY’s demand for high-skilled talents is concentrated in the fields of petroleum, manufacturing, and information technology. Although Career Development opportunities may not be as good as in Singapore, MY’s cost of living is relatively low, with light burdens on housing, transportation, and daily expenses, making it suitable for migrant workers who are accumulating experience or focusing on cost of living. For migrant workers who want to balance quality of life and expenses, MY is an ideal choice.

Comparison of advantages and challenges between Singapore and MY

Singapore, with its strong economic strength and internationalized working environment, provides broad career development opportunities for high-skilled migrant workers, especially in fields such as finance and technology, where salaries are competitive. However, Singapore’s high cost of living and strict visa requirements have put higher demands on migrant workers, making it suitable for high-skilled individuals with professional backgrounds.

In contrast, MY has a low cost of living, relatively relaxed visa policies, and a high demand for skilled workers in the manufacturing, petroleum, and service industries, making it suitable for migrant workers who value quality of life and cost. However, MY’s overall salary level and career advancement opportunities are relatively limited, making it less attractive to high-skilled migrant workers with long-term career plans.

In summary, Singapore and MY have their own characteristics and are suitable for overseas workers with different needs. When choosing an overseas work destination, workers can combine their own career goals and economic situation to determine which country is more suitable for their long-term development needs.

*This article is provided for general information purposes and does not constitute legal, tax or other professional advice from BiyaPay or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or warranties, express or implied, as to the accuracy, completeness or timeliness of the contents of this publication.

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