Key Points
- Singapore will increase the Employment Pass salary threshold to $5,600 beginning 1 January 2025
Overview
The government of Singapore will increase the Employment Pass (EP) salary threshold to $5,600 beginning 1 January 2025. The current threshold is set at $5,000.
Meanwhile, EP holders working in the financial service sector must earn at least $6,200 a month or $11,800 for those aged 45 and above.
Looking Ahead
Continue to check the government of Singapore’s website and Envoy’s website for the latest updates and information.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at Corporate Immigration Partners, P.C., or another qualified professional of your choosing. On non-U.S. immigration issues, consult your Envoy representative, or another qualified representative of your choosing.
