Quota system restricts employers from hiring more than the permitted number of foreign workers. This quota varies depending on the industry and aims to control the inflow of foreign workers. For this article, we will discuss the Singapore Employment Pass quota.
For the Employment Pass, there is no foreign worker levy or quota associated with this type of pass. Such quotas only apply to S Pass and Work Permit (WP). It should be noted that these work passes are also considered long-term visit passes (LTVP) in Singapore.
Theoretically, any Singapore-registered Companies can hire an unlimited number of foreign professionals via an Employment Pass. Despite this, the Singapore Ministry of Manpower (MOM) has imposed strict regulations and assessments before approving the applications.
MOM has started tightening the requirements for a EP candidate to qualify and, at the same time, decreasing the quota for foreign expatriates to reside and work in Singapore.
All employers in Singapore are expected to adhere to the Tripartite Guidelines on Fair Employment Practices. This is to promote fair employment practices and improve labour market transparency to build and retain a core of Singapore employees and further support locals’ employment opportunities in Singapore.
For those who have the intention to be self-employed, you may also opt to set up your own Singapore company setup with EP.