EOR SERVICES IN SINGAPORE

Singapore is characterised by a highly-educated and skilled workforce, a strong infrastructure network linking to the rest of Asia and beyond, and leading sectors in professional services, energy, biotechnology, tourism and medical tourism, and ICT. Using our EOR services in Singapore gives you the freedom to explore these opportunities, without the complexities of setting up an entity and the need to go through the complex paperwork.

Why choose an EOR when expanding into Singapore?

Global Expansion is a step for any business, regardless of what you wish to achieve. The opportunities that can come with an expansion can be both stimulating and intimidating, and confusing, especially when you consider all of the registration procedures that need to be done and the documentation required.

Ensuring compliance without sufficient knowledge of Singapore’s laws adds stress to getting your new entity off the ground and ready to test new markets. Going at it without the proper support can increase the costs, time and risks involved.

As an Employer Of Record, we become the legal employer of your new workforce in Singapore. Your company controls employees’ working relationships, work ethics, tasks, and daily responsibilities. We are responsible for taxes, labour laws, and other Singaporean regulations that might be unfamiliar to you.

How does an Employer of Record work in Singapore?

The EOR is the legal employer of your new workforce. Our agency in Singapore will legally hire your selected employees while you are responsible for day-to-day activities. We currently operate in over a hundred countries and use local networks of experts. This allows us to gain expert knowledge of Singaporean laws, regulations, recruitment customs, and trends. By partnering with us as an EOR, your company will also have access to this specialist knowledge.

Our contract with your employee is 100% compliant with Singaporean labour laws and includes benefits such as insurance and pensions. We can hire, onboard, and manage your new employees in Singapore within days. Here is what we can do for you:

  • We engage your new talent compliant with Singaporean laws and regulations
  • We are responsible for the employment contract, HR (Human Resources), taxes, and payroll
  • We provide and arrange the required visa or work permits for Singapore
  • Our team keeps your employee in the loop on holiday arrangements, benefits, or changes in labour laws
  • We keep you posted on Singaporean law changes and adapt to these changes compliantly
  • Your employees’ declarations are sent to us monthly. We will invoice you in time, and once the payment is completed, we will deduct taxes and other contributions and guarantee your employees receive their salary on time.
  • You remain in control of the daily activities and responsibilities of your employee.

What are the benefits of using EOR services in Singapore?

Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. The most significant benefit of using an EOR is probably that there is no necessity for you to set up an entity in Singapore. This process can take months, and during this period, it is unlikely that you will have legal resources to pay your employees in Singapore, resulting in a considerable delay in your Global Expansion plans. Imagine a way to expand your business without red tape globally and at low costs: that is what working with an EOR can do for you. By letting us take care of the hard part, you can focus on the significant part: expanding your business into Singapore.

These are the aspects we can take away from you:

  • Registering with the tax and social security office
  • Immerse yourself in the local laws, customs, and regulations
  • Get familiar with local labour benefits and other contract-related customs
  • Approach potential employees and make them an offer
  • Setting up the Payroll system compliantly
  • Submitting wage tax returns and national insurance forms
  • Staying up-to-date and compliant with changes in local regulations

Benefits for Employers when using EOR services in Singapore

As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort, but it does not have to. We have extensive experience with Singaporean payroll, taxes, and other local laws and regulations.

We can help you with the following:

  • A tailored solution that fits your company’s needs and plans
  • Local experts that inform you about all you want to know about the Singaporean market
  • Providing EOR best practices on tax, treaties, expenses, and social security
  • Fast-paces and efficient hiring
  • Easy withdrawal from the market without worrying about labour contracts
  • A hassle-free start of your Singaporean journey within days

Benefits for Employees when using EOR services in Singapore

Employees are the central core of your business. They keep the engine running; therefore, it is also essential to create a stable agreement that satisfies both employer and employee. As a legal employer, the EOR is responsible for keeping employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.

We will make sure they enjoy the following:

  • Rapid and transparent onboarding
  • An employment contract compliant with local regulations
  • A monthly agreed salary paid on time
  • Excellent benefits such as pensions and insurance
  • A regular point of contact
  • Up-to-date information and consultation about changes in local regulations

Benefits for Contractors when using EOR services in Singapore

Working with contractors on a project- or temporary basis can provide an excellent solution during your global expansion. At Bradford Jacobs, we have access to a vast pool of international contractors and can find you the perfect fit for your project or expansion. Since it is not allowed for a contractor to work full-time for you solely, we can always set up an EOR when necessary, providing you with a swift solution for your international workforce.

Feel free to share your plans and dreams with us so that we can find the perfect solution and provide a compliant working agreement that suits everyone.

LOOKING TO EXPAND INTO SINGAPORE?

For more information, download our free guide or get in touch with our consultants here