Singapore’s pedigree is impressive. It is the only Asian nation with a Triple AAA credit rating, a hub for east and west shipping lanes (with the world’s second-largest port), while 50% of the world’s population is a six-hour flight away.
Foreign companies must establish a subsidiary in Singapore to officially and legally hire staff and operate their payroll, but it is essential to take on board expert guidance. Registering employees with the Central Provident Fund (CPF) and the Inland Revenue Authority of Singapore (IRAS) are the first of many steps in employing staff.
Complying with tax filing, payroll regulations, social insurance and employee rights in Singapore’s employment market adds to a testing workload. Failure to get it right risks fines and other sanctions. Bradford Jacobs’ specialists become your employees’ effective Employer of Record (EOR) for all these issues while they remain under your daily operational control.