A guide for all employers in Singapore
Singapore’s booming economy entices thousands of overseas professionals to its shores every year. Its role as the financial hub in Asia, and its ability to weather the storms of the global financial crisis and the COVID pandemic has seen its popularity rise.
Regarded as a safe country, with a stable economy and no foreign debt - Singapore is prosperous, peaceful, and innovative. Widely regarded as an attractive place to work, almost half the population of the island are immigrants.
With this influx of talent, the country has had to make adjustments to the way it accepts new workers from abroad. In this guide we’ll explore the rise of Singapore as a desirable place to live and work, the problems it has faced with this rise in interest from international visitors, and new regulations that all employers in Singapore need to know about.
This guide explores:
- Singapore's foreign worker problem and the rise of diploma fraud
- The requirements needed to work in Singapore as a employee from overseas
- The new regulations introduced by Singapore's Ministry of Manpower (MOM)
- Third-party verification on education credentials
- New two-stage eligibility framework (Salary + COMPASS)
- MOM's collaboration with Veremark