As previously announced, beginning January 1, 2017, the minimum salary for Employment Passes will increase from SG $3,300 to SG $3,600 per month. As a reminder, employers should ensure that they meet the new salary threshold for their employees. The increase of the salary in the Employment Pass is to maintain the quality of the foreign workforce and open the market to Singaporeans.
With the increase in the salary of the Employment Pass, less foreign nationals will be eligible for this category. For those that do not qualify for the higher salary, may apply for an S pass, in which a quota and levy apply. Smaller firms may feel the effect of the wage increase more so than larger firms, as it may be difficult to adjust for the margins.
Please note that this is general information only and not intended as advice on a specific matter. Please feel free to contact Fakhoury Global Immigration directly with questions exclusive to your situation. This news alert may have been prepared using information from Peregrine Immigration Management, which is licensed to Fakhoury Global Immigration.