IMPACT – HIGH
What is the change? Companies are reminded that the Ministry of Manpower has set a deadline for all companies to switch to Singapore Corporate Access (CorpPass) when using Employment Pass Online or conducting other business transactions with the government. CorpPass will replace the current SingPass login by December 2017.
What does the change mean? While use of SingPass can continue for now, MOM has urged companies to register a CorpPass account as soon as possible. This is part of the authorities’ drive to protect both personal and business information.
Background: MOM recently launched the use of CorpPass for companies using EP Online and said in May that CorpPass would become mandatory for companies using EP Online. CorpPass will replace SingPass for business transactions with the government. For now, either CorpPass or SingPass may be used, but by December, SingPass will only be available for use by individuals and can no longer be used for business transactions.
BAL Analysis: Companies should take note of the change and create a CorpPass account if they have not already done so.
This alert has been provided by the BAL Global Practice group in Singapore. For additional information, please contact firstname.lastname@example.org.
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