Singapore – New minimum salary threshold for employment passes announced

1m read
March 27, 2024

What’s new?

The Ministry of Manpower has announced that the minimum monthly qualifying salary for new and renewal employment pass applications will increase, from 1 January 2025 and 1 January 2026, respectively.

The minimum monthly qualifying salary will increase as follows:

applicants working in the financial sector: from at least 5,500 SGD per month to at least 6,200 SGD per month; and
applicants working in other sectors: from at least 5,000 SGD per month to at least 5,600 SGD per month.

So, what should employers do now?

Employers who sponsor foreign professionals through employment passes should plan accordingly to manage any impacts for existing and future hires in Singapore. If you need any support with this, or would like any further information, please get in touch with a member of the MDR ONE team.

Resource Centre

Navigating labour, employment and executive compensation challenges in global M&A: Transaction readiness

The digital session covered: Issues related to labour, employment and executive compensation and benefits matters (such as share plans, share options, phantom equity plans and cash bonuses), both internationally (in the UK and other key jurisdictions) and in the United States. We shared key insights and experience advising on the transaction process, focusing on how

Ireland: Restrictions on non-disclosure clauses in settlement agreements

China’s statutory retirement ages to gradually increase from 1 January 2025

What should employers do now? Employers should track employees’ birth dates to manage retirement ages and notifications accurately. Failure to do so could result in a deemed extension of the employment relationship beyond retirement. For further information on the upcoming changes and/or if you require any related support, please get in touch with a member

UAE – Government introduces increased fines and criminal penalties for violations of the UAE Labour Law

What key changes have been made? Extended Statute of Limitation Under the UAE Labour Law, the limitation period was originally one year. The Decree now extends this period to two years, allowing employers and employees to file a labour claim within two years from the date the cause of action arises (e.g. the termination date).

How can we help you?

I'm looking for advice Subscribe: I'd like to keep in touch

I'm looking for advice

Subscribe to our mailings