MOM impose tougher restriction for Work Pass requirements despite economic uncertainty. The Ministry of Manpower (MOM) regularly adjust the criteria for work pass eligibility so as to support employment opportunities for the local workforce. Increment of minimum salary for EP and S Pass was adjusted recently at the start of the year. Due to the…
Ministry of Manpower (MOM) set to raise salary criteria for Employment Pass (EP) and S Pass holder. In the ministry’s addendum to the president’s address, the Manpower Minister Josephine Teo highlighted that there is “more slack” in the labour market now due to the impact of the global pandemic – Covid-19. The Singapore’s foreign workforce…
What are the differences between Director’s Fee and Director’s Salary? A director who is being appointed by the company can be remunerate by salary and/or director’s fee. Generally, a director is an employee of the company which is appointed by the shareholders. The duties of a director involved in managing the affairs of the company…
Singapore Branch Office vs Subsidiary vs Representative Office There are 3 entity structures for a foreign company to establish an office or expand their business in Singapore. They are namely the branch office, subsidiary company, and representative office. Nonetheless, each has its own benefits and drawbacks. Thus, it is recommended to consider those options carefully…