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Starting an Employment Agency in Singapore

What Is an Employment Agency?

  • Middleman between companies & potential employees
  • Companies refer here for staffing needs
  • Agency finds suitable candidates to fill needed positions
  • Money is made through commission

 

Perks to starting an Employment Agency in Singapore:

  • Pro-business environment
  • Healthy demand for all levels of job placement

 

STEPS TO STARTING AN EMPLOYMENT AGENCY IN SINGAPORE

3 Steps

  • Step 1: Incorporate a company
  • Step 2: Establish a business office
  • Step 3: Apply for employment agency license

 

What Constitutes an Employment Agency?

  • Facilitates placement of suitable candidates
  • Collates resumes of prospective candidates
  • Communicate with prospective candidates
  • Submit Singapore Work Visa applications to relevant authorities

 

Which Entities Are Exempted from Employment Agency Licenses?

  • Agencies/centers that match tuition teachers to clients
  • Campus placement divisions
  • Online job portals
  • Individuals providing informal job referrals
  • Courier services used in job placements

 

How to Apply for an Employment Agency Licenses?

Step 1:

  • Submit application to Ministry of Manpower (MOM)
  • Make payment of SGD400 (application fee)
  • Wait for approval with IPA (In-Principle-Approval) letter

Step 2 (after securing IPA):

  • Submit the following documents:
    • Security Bond through Banker’s Guarantee
    • Copies of Singaporean ID/PR/Employment Pass
    • Passport sized photo
    • Latest business profile from ACRA
    • Copy of IPA letter
    • Copy of passing CEI (Certificate for Employment Intermediaries) course
    • Completed checklist form
    • Additional documents required by IPA letter
    • Approval letter from relevant authority (for Home Office scheme)

 

The license is valid for a period of 3 years.

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Our team of seasoned ACRA-certified professionals can offer

  • Consultancy services relating to Singapore & Malaysia incorporation
  • Instant online company registration in Singapore
  • Accounting, Auditing, Taxation & Immigration
  • International tax planning and advice
  • Related compliance services
  • Write a business plan
  • Perform market research
  • Manage your finances