Labor Laws in Singapore
- Annual Leave: Minimum 7 days
- Public Holidays: 10
- Maternity Leave: 16 weeks
- Workweek: 44 hours per week.
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Capital:
Singapore
Languages:
Malay, English, Tamil
Currency:
Singapore dollar
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- 1 Hiring in Singapore
- 02 Labor Laws in Singapore
- 15 Singapore Salary and Wages
- 05 Income Tax in Singapore
- 06 Social Security in Singapore
- 08 Immigration Singapore
- 09 Value Added Tax (VAT) in Singapore
- 11 Mandatory Benefits in Singapore
- 01 Payments And Invoicing
- 13 Payroll Accrual in Singapore
- 14 Accrued Benefits in Singapore
- 15 Why use Global Expansion to hire in Singapore
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Income Tax in Singapore
Singapore has progressive income tax rates from 0% to 24%.
Value Added Tax (VAT) in Singapore
The standard VAT (GST) rate is set at 9%.
Social Security in Singapore
Social Security contributions are primarily managed through the Central Provident Fund (CPF), a mandatory savings scheme designed to support retirement, healthcare, and housing needs for Singaporean citizens and permanent residents.
Employer Contribution
- Employers are required to contribute a percentage of the employee's monthly salary, which varies based on the employee's age group. The maximum monthly salary subject to CPF contributions is capped at SGD 6,800 in 2024.
Employee Contribution
- Employee contributions to the Central Provident Fund (CPF) in Singapore are mandatory savings deducted from their monthly salary, varying by age group.
- For employees aged 55 and below, the contribution rate is 20% of their wages, while rates decrease for older employees, with contributions supporting retirement, healthcare, and housing needs.
Work Visas in Singapore
Here are the main work visas available in Singapore:
Employment Pass (EP)
- Target Group: Professionals, managers, and executives.
- Requirements: Applicants must have a job offer in Singapore, a recognized qualification (typically a degree), and a minimum monthly salary of SGD 5,000 (higher for certain sectors).
- Validity: Up to 2 years, renewable.
S Pass
- Target Group: Mid-level skilled staff.
- Requirements: Candidates need a degree or diploma and must earn a minimum monthly salary of SGD 3,150.
- Validity: Up to 2 years, renewable.
Work Permit
- Target Group: Semi-skilled and unskilled foreign workers in sectors like construction, manufacturing, and services.
- Requirements: No specific educational qualifications or salary thresholds; however, employers must meet quota requirements.
- Validity: Up to 2 years, renewable.
EntrePass
- Target Group: Entrepreneurs looking to start and operate a business in Singapore.
- Requirements: Must have a viable business plan and meet specific investment criteria.
- Validity: Up to 1 year, renewable.
Personalized Employment Pass (PEP)
- Target Group: High-earning Employment Pass holders and overseas foreign professionals.
- Requirements: Must have a fixed monthly salary of at least SGD 22,500 from abroad or while holding an EP.
- Validity: 3 years; offers flexibility as it is not tied to a specific employer.
Hire Talent From Singapore with Global Expansion
Setting up a company in Singapore can be expensive and complex. Global Expansion simplifies your entry into this market.
We handle hiring, HR, and payroll while ensuring compliance with local regulations, all without establishing a local entity.
Our Singapore Employer of Record (EOR) solution lets you focus on your business growth.
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Grow your team the right way with
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