Central Provident Fund or CPF is the Singapore government’s social security savings scheme funded by the employer and the employee.
When it comes to severance pay, it is not a requirement in Singapore but there is a common practice to pay between 2 weeks to 1 month’s salary for each year of service. If your employee is a Singapore Resident, and was dismissed on the grounds of misconduct, you have to pay his/her...
One such incentive is the permanent residency (PR) scheme, with basic perks including the freedom to enter and exit the country, the right to purchase real estate, employer contribution to Singapore’s social security network (Central Provident Fund or CPF), and a certain degree of jo...
The Central Provident Fund (CPF) is a mandatory benefit account providing retirement earnings and healthcare for Singaporeans. Contributions to the retirement account originate from both the employee and the employer. There are three types of CPF accounts: ordinary, special, and medisave accounts....
that doing business in Singapore is more competitive than ever and all businesses will need to adopt the latest technologies and source for highly-skilled and talented workforce in order to thrive in such an innovative landscape as the Singapore economy is projected to recover 4% to 6% this ...