Singapore continues to rank among the world’s most business-friendly and talent-rich locations. Its stable regulatory framework, high standards of living, and strategic role as a gateway to Southeast Asia make it a prime destination for international expansion. That said, compliance with local employment, especially without a legal entity, demands specialist handling.

Access Financial’s Employer of Record (EoR) service in Singapore provides a comprehensive, compliant solution for swiftly onboarding employees – without the need for entity setup.

What is an Employer of Record (EoR)?

An Employer of Record legally employs your staff in Singapore – while you manage their day-to-day responsibilities. As your EoR, Access Financial handles:

• Employment contracts aligned with the Employment Act 1968, including terms of service, leave entitlement, working hours, termination clauses and statutory disclosures 

• Registrations and filings with CPF (for locals), and processing CPF, SDL and income tax

• Payroll management with accurate salary processing, leave tracking and mandatory deductions

• Compliance with workplace fairness, wage governance, and evolving labour standards

This solution enables you to access Singapore’s talent pool in days – without entity incorporation.

Key 2025 regulatory updates

1. Employment Pass (EP) requirements enhanced

Since 1 January 2025, qualifying salary thresholds have increased:

• S$5,600 for new EPs (non‑financial sectors), rising to up to S$10,700 depending on age   
• Financial services EPs now require S$6,200, with a top threshold of S$11,800
• EP applicants must also pass the COMPASS points-based framework 

2. S Pass changes from September 2025

Expected updates include an increase in qualifying salary, and levy adjustments to S$650 for Tier 1 passes.

3. Enhanced Workplace fairness bill

New legislation introduced in November 2024 will enhance protections for discrimination, harassment, and whistle‑blowing – expected to take effect in late 2025.

4. Minimum Wage for Progressive Wage Model (PWM)

Sectoral bodies continue to raise minimums under PWM. Employers must monitor these increases and ensure compliance.

5. Longer Work Permits for semiskilled workers

From 1 July 2025, Work Permits for semiskilled workers may be issued for up to three years, and age limits will rise to 61 at application and 63 during tenure.

Employment, payroll & compliance

Employment Contracts

We prepare EPF contracts or local employment agreements stipulating salary, working hours, statutory leave, medical benefits, and termination terms in line with Singaporean law.

Payroll & Contributions

Our team processes monthly payroll, CPF contributions (for citizens and PRs), SDL, and TDS. Strict record-keeping ensures full compliance.

Leave & Benefits

We administer statutory leave entitlements and any additional benefits, such as enhanced parental leave under new policy reforms.

Why choose Access Financial’s EoR?

Rapid Workforce Deployment

Hire within days, bypassing the incorporation process that typically takes months.

Centralised Payroll & Compliance

One partner manages contracts, payroll, and statutory contributions.

Single Global Partner

As part of a 60+ country network, we support your broader regional or international growth strategy.

Onboarding & Ongoing Support

            1.         Consultation and workforce planning

            2.         Draft compliant contract with agreed terms

            3.         Register employee and set up payroll

            5.         Onboard employee with documentation, handbook and benefits

            6.         Ongoing payroll, leave tracking and compliance updates

            7.         Renewal or termination management as needed

Ready to Grow in Singapore?

Access Financial’s Singapore EoR ensures compliant, scalable hiring – without the need for entity setup or regulatory missteps.

Contact us to explore how we can support your Singapore growth strategy.

Discover More – Download the Singapore Guide