Employers can no longer transfer an Employment Pass (EP) holder to a related company in the case of a merger or acquisition without the new employer submitting a new EP application, according to a policy change announced by the Ministry of Manpower (MOM).
Once the new EP is approved, the previous employer can cancel the old EP, without re-advertising the role in the job bank.
Previously, employers could transfer an EP holder to a new company without a new EP application.