Senegal
Senegal’s economic policies invite foreign investments and business expansion in West Africa. The country’s political stability makes it an opportunity for international expansion.
Singapore
SINGAPORE
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record (EOR) solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
5.9 MILLION
total population in 2022
340 BILLION USD
expected GDP in 2023
Singapore is the least corrupt city in Asia and the fifth least corrupt in the world.
As Southeast Asia’s most competitive economy, Singapore has a high-income classification that provides one of the world’s friendliest regulatory environments for local businesses. Moreover, it ranks the best country in the world in human capital development. As a result, Singapour is one of the best hubs to enter Asia for various industries. Singapore boasts a GDP of $340 billion last year.
PUBLIC HOLIDAYS: 11
- New Year’s Day -January 1
- New Year’s Day – January 1
- Chinese New Year – varies
- Good Friday – varies
- Easter Sunday – varies
- Labor Day – May 1
- Hari Raya Puasa -varies
- Vesak Day – varies
- Hari Raya Haji -varies
- National Day – August 9
- Deepavali – varies
- Christmas Day – December 25
SOCIAL SECURITY AND TAXATION
Central Provident Fund (CPF)
Employer Contribution: 17%
Employee Contribution: 20%
Supplementary Retirement Scheme (SRS) – a voluntary scheme
Income Tax Rate: 0 to 22%
MINIMUM WAGE
1,400 Singaporean dollars per month
WORK HOURS
40 hours per week
OVERTIME RATE
150% of the normal rate
PROBATIONARY PERIOD
3-6 months
A3-6NNUAL LEAVE CREDITS
7 days
MATERNITY LEAVE
12 weeks (paid)
PATERNITY LEAVE
2 weeks (paid)
SICK LEAVE
up to 3 months (unpaid)
BONUSES
not required but 13th-month pay is a common practice for companies
*Info is not binding, may vary, and is provided only as an indication.
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Other Countries to Explore
Burkina Faso
Burkina Faso
Burkina Faso's economic policies invite foreign investments and business expansion in West Africa. The country’s political stability creates opportunities for international expansion.
Côte d’Ivoire
Côte d’Ivoire
Côte d'Ivoire serves as the gateway to explore the West African market. It has the largest church in the world, the Lady of Peace of Yamoussoukro Basilica.
Your Global Team Starts Here With Us
Ask our team to design a solution that works directly with your current setup.