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Singapore Local Employment Solution

Singapore Local Employment Solution
Capital Singapore
Population About 12.6 million
Language Official: English, Malay, Chinese & Tamil
Time Zone GMT + 8
Currency 1 Dollar (SGD) = 100 cents

* Click here for the latest rate of exchange.

Entry Visa mandatory for foreign nationals from Afghanistan, Algeria, Armenia, Azerbaijan, Bangladesh, Belarus, China (PRC), Egypt, Georgia, India, Iran, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Lebanon, Libya, Morocco, Moldova, Myanmar, Nigeria, Pakistan, Palestine, Russia, Saudi Arabia, Somalia, Sudan, Syria, Tajikistan, Tunisia, Turkmenistan, Ukraine, Uzbekistan, and Yemen.

No Entry Visa for all other nationalities.

Click here for latest IATA travel requirements for Singapore.

Employment Pass (EP): mandatory for all foreign nationals wishing to work in Singapore.

Foreigners are considered resident if living in Singapore 183 days or more in a calendar year. Both resident and non-resident tax payers are liable only for income sourced in Singapore. Income derived abroad is exempt.

Tax Rates

Residents Income tax: progressive up to 20% of taxable income.

Non-resident Income Tax: flat rate 15% without personal allowances or progressive up to 20%, whichever is higher. Exemption: no tax is due on income from employment not exceeding 60 days in any calendar year.

Exemption for Foreign Nationals. For Singaporean nationals the CPF contribution rate, for employer is 17% and employee is 20 on based on a monthly salary ceiling of SGD 6,000 for both the employer and employee.

70 – 91%

The income retention depends amongst others on the duration of the assignment, contract rate, marital status and taxation and social security agreements between Singapore and the foreign nationals' country.

Please contact Access Financial for more information.

Tel: CH +41 22 365 4620 | UK +44 7017 3110 | CYP +357 25 820 640

E-mail: info@accessfinancial.com

Access Services

Employment through Access Consultants Pte. Ltd in Singapore to work for the end client.
Payroll with monthly salary.
Withholding of due social security and all other work-related contributions and payment to the relevant authorities.
De-registrations.
Contract-end and year-end returns.
Support for optional Business Visa application.
Sponsorship and support for Employment Pass applications.
Optional provision of additional insurances and policies to comply with additional statutory or voluntary work-related requirements.

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