Effective management of employee leave entitlements is crucial for businesses in Singapore, ensuring compliance with local labour laws while fostering a positive work environment. The primary legislation governing most leave types is the Employment Act (EA). Understanding the different categories of leave, their eligibility criteria, and employer obligations is key to smooth operations. Key [...]
Hiring foreign workers in Singapore can be a strategic move for businesses to address labour shortages or acquire specialised skills. However, it comes with a stringent set of regulations and obligations primarily enforced by the Ministry of Manpower (MOM). Employers must navigate these requirements carefully to ensure compliance and avoid penalties. Understanding Work Passes [...]
Singapore, a thriving business hub, presents numerous opportunities for growth. However, managing the administrative aspects of running a business, such as payroll processing, can be complex and time-consuming. For many companies, particularly Small and Medium Enterprises (SMEs), outsourcing payroll has become a strategic decision that offers significant benefits. Payroll involves more than just calculating salaries; [...]
Singapore Work Passes Explained: EP vs. S Pass vs. Work Permit Singapore's vibrant economy attracts talent from across the globe. To manage the influx of foreign manpower, the Ministry of Manpower (MOM) oversees a structured system of work passes, each designed for different skill levels and job roles. Understanding the main types of work passes [...]
Retirement planning in Singapore often revolves around the Central Provident Fund (CPF), but savvy savers can boost their nest egg through the Supplementary Retirement Scheme (SRS). This voluntary scheme offers flexibility, tax benefits, and investment opportunities. Here’s what you need to know. Key Features of the SRS Voluntary Contributions: Top up your retirement savings [...]
The government has these three schemes to support the employment of senior workers, ex-offenders and persons with disabilities respectively. a) The Senior Employment Credit (SEC) b) The Uplifting Employment Credit (UEC) c) The Enabling Employment Credit (EEC) These schemes were slated to expire after 31 December 2025. However, the government, in Budget 2025, has made [...]
According to section 2 of the Central Provident Fund Act (CPF Act), wages means the remuneration in money, including any bonus, due or granted to a person in respect of his employment but does not include such payments as the Minister may, by notification in the Gazette, specify. All items that fall under the definition [...]
Yes, the cost of living for expatriates in Singapore is generally considered high compared to many other cities. However, it can vary significantly based on lifestyle choices, housing arrangements, and spending habits. Here's a breakdown of the key factors influencing the cost of living: 1. Housing Cost: Housing is one of the largest expenses for [...]
Yes, as a foreigner, you can incorporate a company in Singapore and apply for a work pass to work in your own company. However, there are specific requirements and steps you need to follow to meet Singapore's legal and regulatory standards. Here’s how you can proceed: 1. Incorporating a Company in Singapore Foreigners can incorporate [...]
Getting a job in Singapore as a foreigner can be relatively straightforward for individuals with in-demand skills or qualifications, but it depends on several factors. Some industries may be more difficult to obtain a job as compared to others. Here is an overview: 1. Industry and Skills Demand High-demand sectors: Singapore prioritizes foreign talent in [...]