Employment Pass

Singapore Raises Minimum Salary for Employment Pass - What You Need to Know

Exciting updates in Singapore's foreign workforce policies! Minimum salary for Employment Pass increases to SG$5,600 per month. Get the scoop here!

In a bid to enhance the quality and competitiveness of its workforce, Singapore has announced an increase in the minimum salary requirements for foreign workers applying for Employment Passes. The salary criteria will be raised from SG$5,000 to SG$5,600 per month, effective January next year. This move is part of the government's efforts to ensure a high caliber foreign workforce that complements local talents.

To further empower Singaporeans, the Ministry of Manpower has launched the Overseas Markets Immersion Programme. This initiative aims to equip local employees with the skills and exposure needed to thrive in the global market, promoting competitiveness on a global scale.

Specifically targeting the financial sector, employees seeking Employment Passes will now have to meet the new minimum salary requirement of SG$5,600 monthly. The adjustments aim to attract top-tier talents to Singapore while boosting the country's economic growth through a skilled and diverse workforce.

With these changes, individuals eyeing job opportunities in Singapore need to stay updated on the evolving employment regulations. By staying informed, applicants can align themselves with the latest requirements and increase their chances of securing Employment Passes in this competitive job market.

Did you know? The new qualifying salary for Employment Passes is not the only update in Singapore's foreign workforce policies. The Ministry of Manpower is dedicated to maintaining a high-quality and complementary foreign workforce, ensuring Singapore remains a top destination for global talent.