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.

Your Global Team Starts Here With Us

Ask our team to design a solution that works directly with your current setup.

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Your Global Team Starts Here With Us

Ask our team to design a solution that works directly with your current setup.