The Government is easing restrictions to allow new work permit and S Pass applications across all sectors into Singapore in order to alleviate the manpower shortage faced by businesses.
The Ministry of Manpower (MOM), in consultation with the Ministry of Health, Ministry of National Development and Ministry of Trade and Industry, will adjust its processing of new work permit and S Pass applications of workers across all sectors to better support businesses,”
MOM highlighted that it was processing new work pass applications from countries with lower health risks such as China. The agency is now processing applications from all approved source countries where workers from certain countries and regions working for specific industry sectors.
MOM said it now has more room for an increase in work pass holders to ease the manpower shortage, noting Singapore's stable COVID-19 situation, strong public health measures and testing capacity.
Applicants and employers must adhere to current border measures, which include seeking entry approval from the authorities, undergoing pre-departure tests, and completing their stay-home notice in Singapore.
MOM has also begun allowing existing work pass holders to return to Singapore.
Employers in the construction industry and food and beverage industries have also faced difficulties filling vacancies.
Both employers and applicants are still required to adhere to current borders, including entry approval from the authorities, taking pre-departure tests, and fulfilling their Stay-Home Notices in Singapore.
S-Pass holder is a mid-skilled technical individual with a fixed monthly salary of at least S$2,500. The duration of the pass is up to two years, although it is renewable. An employer or appointed employment agent applies on behalf of the applicant for the pass.
Work permit is generally issued to foreign unskilled and semi-skilled workers. The duration of a work permit is usually two years, subject to the validity of the worker’s passport, the security bond and the worker’s employment period, whichever is shorter.
KAIZEN Group is equipped with experienced and highly qualified professional consultants and is therefore well positioned to provide professional advices and services in respect of the formation and registration of company, and application for various business licences and permits in Singapore. Please call and talk to our professional consultants for details.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
A company director plays a vital role in overseeing the affairs of a company. Under the Companies Act 1967 of Singapore, directors owe statutory duties and legal obligations designed to promote sound corporate governance and defend the interests of the company and its stakeholders.
All of the companies, foreign companies and Limited liability partnerships (unless exempted) will be required to maintain a private RORC and file with the ACRA within the stipulated timeline. This requirement applies even if your business is dormant or undergoing winding up, striking off, receivership, or judicial management.
A statutory audit is a legally mandated examination of a company's financial statements conducted by an independent auditor. Its purpose is to ensure that financial statements present a true and fair view in accordance with applicable accounting standards, while enhancing transparency and corporate governance.
Companies operating internationally often deal with multiple currencies. Choosing the right currency to report financial results may seem like an accounting detail, but it actually affects how profits, costs, and performance are understood. This guide explains functional currency, why it matters, and how it differs from the currency you present your results in.