A Quick Glance At Singapore’s New Expat Regulations

By Author: martin well
Total Articles: 364
Comment this article

Singapore has tightened the sponsorship criteria for dependants of foreign workers. The new legislation, effective from September 1, 2012, aims to restrict the rapid influx of dependants into Singapore and affects P1, P2, S pass and Employment Pass holders.
Dependents of the overseas worker who are residing in Singapore since September 1, 2012 are not impacted. However, if a foreign worker has changed employer, lost the job or the validity period of the worker’s work pass had ended after September 1, 2012, the dependents of the foreign worker are subject to the revised regulations.

Key highlights of Singapore’s new Expat Regulations:
• S Pass and Employment Pass holders will be eligible to sponsor parents, spouses and children, if they earn a minimum of 4000 Singaporean dollars
• P1 Pass holders can sponsor parents, spouses and children, but cannot sponsor parents-in-law
• P2 Pass holders can sponsor spouses and children, but cannot sponsor parents or parents-in-law

With a progressing economy, Singapore has made considerable strides in its economic success. As more and more employers ...
... are hiring employees, the need to comply with regulations in the various countries is increasing employer liability enormously. Having a dependable professional partner in any international expansion, can take the anxiety out and allow you to focus on building your business alone.

Plan ahead with expert assistance
Planning ahead by partnering with a professional can avoid delays and penalties associated with expanding business overseas. Joining forces with a reputed partner who can provide complete assistance in setting up a business overseas can be an enormous advantage when doing business overseas. Providing guidance in all areas of business, be it legal, HR, payroll, or international accounting, the right partner can make your expansion a success. Professional experts have firsthand experience of the prevailing environments and impart extensive assistance on various areas of your business like tax equalization Expat, international accounts payable, to name a few.

Read more on - sas compliance, international financial reporting