Singapore’s S Pass levy will rise to as high as S$650 by 2026, pushing employers to rethink their manpower strategy. Shifting suitable roles toward Employment Pass (EP) talent can reduce long-term labour costs while strengthening workforce capability and MOM compliance.
MOM’s updated Employment Pass processing timelines mean HR teams must redesign recruitment cycles, documentation workflows, and candidate screening processes ahead of 2026. This guide explains how employers and foreign professionals can prepare early to avoid delays, strengthen applications, and adapt to Singapore’s evolving hiring landscape.
Worried about whether you can still qualify for a Singapore Employment Pass in 2025? This guide breaks down the new S$5,600 salary requirement, COMPASS scoring rules, and practical strategies expats can use to maximise approval under the updated framework.
From 1 September 2024, all Employment Pass renewals in Singapore must pass the COMPASS Framework — making renewals significantly stricter and more data-driven than before. This guide explains what has changed, how COMPASS scoring affects your foreign talent, and what employers must do now to avoid renewal rejection.
Learn everything you need to know about work permit cancellation in Singapore, including the reasons for cancellation, the process involved, and the consequences of non-compliance. Whether you're an employer or employee, understanding this process ensures a smooth and legal transition.
Discover how businesses can navigate Singapore’s regulatory landscape with expert guidance from Paul Hype Page & Co. From company incorporation to leveraging government grants and streamlining payroll processes, we offer tailored solutions to help local and foreign businesses achieve compliance, efficiency, and sustainable growth in Singapore’s vibrant economy.
Spouses or unmarried children of EP/S Pass holders, SC, or PR can apply for a Dependant's Pass. The sponsor submits the application online, provides required documents, and collects the pass after MOM approval.
CPF makes homeownership more accessible in Singapore, letting citizens use their savings toward a home. This guide covers key steps—from eligibility and budgeting to loan applications. For tailored support, consult an advisor like us to make the most of your CPF options.
Singapore Overseas Networks & Expertise (ONE) Pass Guide The Singapore government introduced a new work visa called the Overseas Networks & Expertise (ONE) Pass, officially launching on 1 January 2023. The [...]
The Singapore Personalised Employment Pass (PEP) offers top-tier foreign professionals the flexibility to live and work in Singapore without being tied to a single employer. Updated for 2025, this guide covers the latest eligibility criteria, salary requirements, and key benefits of holding a PEP.
A company is deemed exempt from audits in Singapore, which means these companies will not need to appoint an auditor to have their accounts audited. However, they need to qualify to be a ‘small’ company based on at least 2 of these 3 criteria:
Despite such small companies are exempt from auditing, they still need to prepare accurate financial statements that comply with the standards in Singapore.
Auditing Practices in Singapore
ACRA
ACRA is Singapore’s business regulator. It ensures a trusted business environment by overseeing companies, accountants, and corporate service providers. Its functions include registration, financial reporting, auditing, governance, and disclosure. ACRA’s online platform, BizFile+, simplifies business processes.
IRAS
IRAS is Singapore’s tax authority. It assesses, collects, and refunds taxes. IRAS also educates taxpayers and investigates non-compliance. The MyIRAS portal offers online tax services.
Auditing in Singapore
In essence, ACRA sets the rules, and IRAS enforces them. Both agencies work together to maintain the integrity of financial reporting and ensure that companies are operating within the law. This is essential for investors, lenders, and other stakeholders who rely on accurate financial information.
Paul Hype Page provides you with strategic business expansion and business compliance services for over 2 decades, servicing the best of the South East Asia region. We make your entrepreneurial experience seamless for both locals and foreign expats.
We can issue an IRAS-approved audit report that meets both the Singapore government’s requirements and your company’s needs. The audit function of your company is in good hands with our professional Singapore-certified auditors.
Foreigners looking to incorporate a company in Singapore must appoint a nominee director (local director) as required by ACRA regulations. A nominee director acts on behalf of the business owner but does not hold ownership or management control.
For Employment Pass (EP) holders, nominee director services allow for a smooth transition of ownership once the EP is approved. Options include Short-Term Nominee Director (STND) services for 2 or 6 months, ensuring compliance while awaiting EP approval.
If you are a foreigner, you cannot be the director of the company unless you have an Employment Pass also known as an EP. This renewable work visa permits you to live and work in Singapore, whether you’re an employee, business owner, or anything in between.
It’s the most popular choice for foreigners looking to start a business or relocate to Singapore.
First, You will have to incorporate your company under the name of a local Singapore director (Nominee Director). Then, you will have to apply EPass under your company so that we can transfer the ownership to you under your Employment Pass (EP).
The estimated timeline for the Singapore EP application is between 2-4 months, depending on the case. In some instances, it could drag up to 6 months if multiple rounds of appeals are requested.
The Singapore Employment Pass (EP) is a work visa for foreign professionals, managers, and executives relocating to Singapore.
You can apply for an EP if you:
✔️ Have a job offer in a managerial, executive, or specialized role from a Singapore company
✔️ Earn a minimum fixed salary of S$5,000/month
✔️ Hold a recognized diploma or degree from a reputable university
✔️ Possess specialist skills, professional qualifications, or relevant work experience
✔️ Score at least 40 points under the COMPASS framework
✅ Legally live and work in Singapore
✅ Hassle-free travel without requiring an entry visa
✅ Potential pathway to Permanent Residency
✅ Flexibility to start and manage your own business
✅ Benefit from Singapore’s low tax rates
Are you a business owner in Singapore looking to expand your operations and reach new markets? Considering entry into a new market or expanding an existing one overseas? The MRA grant offers the financial boost you need to make it happen.
The purpose of the MRA grant is to support Singapore owned businesses for business development, promotion, and set-up costs when you set up a business in oversea.
At least 30% of the company’s equity must be held directly or indirectly by Singapore Permanent Residents (PRs) or citizens, determined by ultimate individual ownership.
The grant covers up to 50% of eligible costs for Local SMEs, with specific caps for different activities and limited to a maximum of S$100,000 per new market and may include:
Currently, from April 1, 2023 to March 31, 2025, the grant covers up to 50% of eligible costs, capped at S$100,000.
If you are planning to establish a business in Singapore, opening a corporate bank account is a mandatory step upon incorporation. A dedicated corporate account ensures that business transactions remain separate from personal finances, allowing for clearer cash flow management, accurate income tracking, and efficient expense monitoring.
Our focus is to demonstrate your company’s tax substance and assist in selecting a banking solution tailored to your business needs. Most importantly, you do not need to be physically present—we collaborate with our trusted banking partners to enhance your chances of a successful corporate account opening.
If you are a foreigner, you will need a nominee director (local director) to incorporate your company in Singapore.
What is a Nominee Director?
Nominee director is an individual who is appointed to act as a director of the company on behalf of another individual or entity. For all foreigners establishing businesses in Singapore, having a nominee director is essential due to regulations from the Accounting & Corporate Regulatory Authority (ACRA).
There are 2 types of Nominee Director services in Singapore.
They are:
If you are a foreigner, you cannot be the director of the company unless you have an Employment Pass.
First, You will have to incorporate your company under the name of a local Singapore director (Nominee Director). Then, you will have to apply EPass under your company so that we can transfer the ownership to you under your Employment Pass (EP).
What is Singapore Employment Pass?
Singapore Employment Pass, often referred to as the ‘EP,’ a work visa is issued to foreign professionals, managers, executives, and experts relocating to work in Singapore.
The estimated timeline for the Singapore EP application is between 2-4 months, depending on the case. In some instances, it could drag up to 6 months if multiple rounds of appeals are requested.
The requirements for registering a company in Singapore are simple and straightforward. They are:
