IMPACT — MEDIUM

The Singaporean government recently announced that it will accept applications for temporary increases in work pass quotas through the Manpower for Strategic Economic Priorities scheme.

Key Points:

  • Eligible companies can obtain additional S Pass and Work Permit quotas of up to 5% above their base workforce headcount, subject to a cap of 50 workers per company. To be eligible, companies must:
    • Participate in programs that support Singapore’s key economic priorities, including investments that support the country’s hub strategy, innovation or research and development, or internationalization.
    • Commit to hiring and training locals.
  • The increased work pass quota flexibility will last for two years upon enrollment and can be renewed thereafter, subject to meeting renewal conditions.
  • More information regarding the temporary increase in work pass quotas is available here.

BAL Analysis: The M-SEP scheme signals Singapore’s commitment to promote economic growth and create more jobs for Singaporeans and foreign nationals alike. Eligible companies benefit from additional S Pass and Work Permit quotas and will allow them to access a larger labor market.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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