Key Points
- Singapore will implement a new wage policy that will become effective on 1 July 2024
Overview
The government of Singapore will implement a new wage policy that will become effective on 1 July 2024. As a result, companies will only be permitted to include local employees earning at least SGD 1,600 (previously SGD 1,400) in their foreign worker quota allocation. This policy guarantees fair compensation for local workers before companies hire foreign workers.
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.
