Introduction Singapore has long been recognised as one of the best places in the world to start a business. With its stable political environment, transparent regulatory framework, and pro-business policies, it continues to attract entrepreneurs from around the globe. For foreign entrepreneurs who wish to start and operate an innovative business in Singapore, the EntrePass [...]
What Is the COMPASS Framework? The Complementarity Assessment Framework, commonly known as COMPASS, is Singapore’s points-based system for evaluating Employment Pass (EP) applications. Introduced by the Ministry of Manpower (MOM) on 1 September 2023, COMPASS is designed to ensure that foreign professionals hired in Singapore genuinely complement the local workforce rather than displace it. Under [...]
Introduction The Complementarity Assessment Framework (COMPASS) is Singapore's points-based system for evaluating Employment Pass (EP) applications. Introduced by the Ministry of Manpower (MOM) in September 2023, COMPASS ensures that EP holders complement Singapore's local workforce by assessing candidates across multiple criteria — not just salary alone. Starting from 1 January 2026, MOM has implemented several [...]
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 [...]