Increase in Minimum Salary for EP and SP
31/08/2020
Business owners to note:
- From Sept 1, firms applying for new Employment Passes (EPs) for foreign professionals will need to pay them at least $4,500, up from $3,900 now.
- The qualifying salaries for older and more experienced candidates in their 40s will also be raised so that these remain around double the minimum salary for the youngest applicants.
- New EP holders in the financial services sector will need to be paid at least $5,000 from Dec 1.
- For mid-skilled foreigners on S Passes, the qualifying salary will be raised from $2,400 to $2,500, from Oct 1 for new applicants and May 1 next year for renewal applicants.
- The new criteria will take effect from May 1 next year for renewals of EPs.
- There will be no changes to levies and quotas for S Passes for now.
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