The applicants will need to earn at least $3,300 and possess acceptable qualifications. The Employment Pass is a work pass for foreign professionals working in managerial, executive or specialised jobs.įoreigners who are interested to work and has a job offer in Singapore may apply for an Employment Pass. If you have left Singapore and West Malaysia permanently and have no intention of returning for further employment or residence, you may apply for the withdrawal of your CPF savingsįor more information on CPF contributions, kindly contact CPF Board at: If members do return to Singapore, they must reimburse the CPF Board for the amount they had withdrawn with interest. Members can also withdraw their CPF savings if they are permanently incapacitated or will leave Singapore and West Malaysia permanently. Permanent residents can withdraw their savings at age 55, after a Minimum Sum in their Retirement Account is set aside. During the first two years as a permanent resident, contribution rates to CPF are reduced. CPF takes care of members' needs in retirement, healthcare, home ownership, family protection and asset enhancement.įoreigners only need to begin their monthly contributions to the CPF after having assumed permanent resident status. Expatriates who live and work here can easily get adapted to the lifestyle and work-style in Singapore.ĬPF is a comprehensive social security savings scheme to which both employers and employees have to contribute. The management culture in Singapore is that the government financially supports many of the large corporations in Singapore, and the people generally work well under pressure as 'time is money' to many. In a trying time in Singapore, it is relatively more difficult to find a suitable job, but like our prime minister always remind people to be more complacent and lower our expectations and after all, finding a job is all about managing our own expectations. Other service industries include transport, logistics, media and advertising, F&B, wholesale and retail, healthcare, education, social/ community services. Some suitable career opportunities in the financial sector includes treasury and risk management, funds management, general debt issuance, investment analysis, corporate financial, venture capital, cross- border electronic banking, insurance, investment banking and tax planning. On the contrary, Singapore's unemployment rate is still lower than that of other developed countries.įoreign talents remain an important resource to Singapore as many companies face problems employing suitable employees to facilitate regionally and locally in the expansion of businesses or replacement requirements. Recent evidence has shown weaker economic performance with unemployment rates reaching the highest levels in many years. Singapore aims to continue to lure global talent and top management to its shores, most significantly in IT jobs and in the technology industry, and has introduced a new class of taxpayers, called "not ordinarily resident," who will earn tax exemptions on income earned outside of the country. Singapore relies on foreign workers and talents at both ends of the skills ladder. The government is focusing its efforts on five industrial clusters: electronics, chemicals, engineering, IT, and biomedical sciences.
#Spb jobs upgrade#
They speak English proficiently, and are dedicated, hardworking, and keen to upgrade their skills and knowledge.
Singapore's workers are among the world's best for productivity, work attitude and technical skills. The chemical industry is the second largest manufacturing sector, and Singapore is also the third largest petroleum-refining center in the world. Manufacturing is the economy's main engine of growth, with electronics accounting for nearly half of the sector. Singapore is an open economy with strong presence in the service and manufacturing sector.