Are you thinking of starting a new chapter in Singapore? To stay in Singapore and work, you will need to have official documents from Singapore. You may need an S Pass or work permit in Singapore depending on your job, salary, and other factors. This article will discuss the most recent criteria to obtain work permits.
Singapore has many types of work permits
There are three major types of work permits in Singapore. They are classified based on the employee's education, job description, and salary. Your employer will help you apply for your permit or pass if you are an ex-pat living in Singapore. This section will discuss the most recent requirements and criteria for Employment Pass, S Pass, and Work Permit.
Work Permit requirements for employers
Besides the FCF, Singapore-based employers must also adhere to the Dependency Ratio Ceiling (DRC) for WP applications. These are percentage quotas placed on each industry on how many ex-pats should make up your total workforce. For instance, in the Services Sector, there will be a drop of SRC from 38% to 35%, effective 1 January 2021.
In addition, employers must pay a monthly levy for each foreign worker on top of providing mandatory medical insurance for them. This may further affect your employer’s hiring decisions.