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EOR Partners in Singapore
Employ in Singapore
Singapore is renowned for its strategic location, robust economy, and as a global hub for commerce, finance, and transport. Its business-friendly environment makes it an ideal location for companies looking to establish a foothold in Asia.
About the Country of Singapore
Singapore's economy is one of the most open in the world, and its business environment is characterized by low taxation, advanced infrastructure, and minimal bureaucracy. It serves as the headquarters for numerous multinational corporations within the Asia Pacific region.
5.637 Million
Population
Sing (SGD)
Currency
466.8 Billion
Global Domestic Product
Why Choose Singapore For Global Expansion?
Singapore offers a gateway to Asia’s booming markets and boasts a highly skilled, multilingual workforce. It is well-regarded for its transparency, efficient regulatory environment, and protection of intellectual and property rights.
Employment Landscape
Employment in Singapore is regulated by the Ministry of Manpower, and the employment practices are generally flexible. Singapore has a progressive wage model in specific sectors, and there are strict regulations for hiring foreign workers including the need for valid work passes.
Our Services in Singapore
EOR Partners supports your business in Singapore by managing all aspects of HR compliance, payroll processing, tax administration, and the acquisition of necessary work visas and permits, enabling a smooth setup and operation.
Employment Benefits in Singapore
Statutory benefits in Singapore include contributions to the Central Provident Fund (CPF), which covers retirement fund contributions, along with health care and housing needs. Employers are required to make a contribution to the CPF for Singaporean citizens and permanent residents.
Annual Leave
Employees in Singapore are entitled to a minimum of 7 days of paid annual leave, which increases with the length of service.
Sick Leave
Employees are eligible for up to 14 days of paid outpatient sick leave and 60 days of hospitalization leave, provided they have served the employer for at least three months and are certified by a company or government doctor.
Additional Benefits
Many companies in Singapore offer additional benefits such as health insurance, flexible working arrangements, and performance bonuses to attract and retain talent.
Work Hours and Breaks
The standard workweek in Singapore is considered to be 44 hours, spread over 5 or 5.5 days. Employees are entitled to one rest day per week, which is typically Sunday.
Salary Tax Table
| Chargeable Income Range (SGD) | Tax Rate |
|---|---|
| Up to $20,000 | 0% |
| $20,001 to $30,000 | 2% |
| $30,001 to $40,000 | 3.5% |
| $40,001 to $80,000 | 7% |
| $80,001 to $120,000 | 11.5% |
| $120,001 to $160,000 | 15% |
| $160,001 to $200,000 | 18% |
| $200,001 to $240,000 | 19% |
| $240,001 to $280,000 | 19.5% |
| $280,001 to $320,000 | 20% |
| Above $320,000 | 22% |
*All figures based on local currency
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