Employ Candidates Compliantly in Singapore

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  1. Overview: Singapore
  2. Global HR Compliance
  3. Global PEO and payroll
  4. Work permit for hiring expats via PEO
  5. Contractor vs. employee: which is better?
  6. Expand without a company set up
Other counrtries

Global PEO and payroll in Singapore

For international businesses expanding in Singapore has great allure due to its rich cultural heritage and splendorous architectural achievements.

Getting your business up-and-running in Singapore can be challenging, especially if you do not speak the native language. Establishing your own business entity in Singapore is an option to be considered as you expand abroad. But before you invest valuable resources in setting up business in Singapore, you should be fully aware of the risks involved.

Acumen’s Global PEO and Payroll solution was designed especially for companies like yours, to smooth the way for quick, easy and risk-free business operations in Singapore, without having to establish a legal business entity.

Acumen International – Your Professional Employer Organization in Singapore

Navigating the Singaporean legal system and adhering to regulations governing employment and taxation can be challenging for businesses, especially if you are not a native Singaporean speaker. Partnering with Acumen International as a global Professional Employer organization (PEO) provides you with the local knowledge and support you need to conduct business in Singapore without concern for legal and compliance risks.

Whether you represent international client companies or you are taking your own business operations abroad, Acumen International’s Global PEO and payroll service allows you to hire and payroll local and expat employees in Singapore. With Acumen in your corner, you can quickly and easily onboard and compensate your employees without risk of legal repercussions.

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International Global Payroll and Taxation in Singapore

Personal Income tax (PIT) Income is taxable when it accrues in or is derived from Singapore, whether or not the individual is resident in Singapore. Income derived from sources outside Singapore is only taxable if it is received in Singapore by a resident individual through a partnership in Singapore. 

A resident individual’s taxable income (after setoff of personal allowances) is subject to income tax at progressive rates.

Non-residents. Non-resident individuals are taxed at a flat rate. A non-resident director’s remuneration does not qualify for the reduced rate, and withholding tax must be deducted from remuneration paid to a non-resident director. 

Social security contributions. Central Provident Fund (CPF). The CPF is Singapore’s national pension scheme. Contributions are payable by Singapore citizens and permanent residents only.

Payroll Cycle in Singapore

For employees, the following requirements apply: 

  • Employers must fix salary periods not exceeding one month and, generally speaking, the default is one month.
  • Salary must be paid within seven days of the last day of the salary period with respect to which the salary is payable. Additional payments for overtime work must be paid within 14 days of the last day of the salary period.
  • Where salary is paid other than into a bank account, payment of salary must be made on a working day and during working hours at the place of work or at any other place agreed upon between the employer and employee.

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How Acumen’s International PEO and Payroll Service can Benefit Your Business in Singapore

Compensating your local and expat workforce in Singapore and closely adhering to Singaporean taxation requirements can divert your attention and resources from activities that help your business grow. A reliable global employment solution like Acumen’s Global PEO and Payroll service can take a substantial burden off your shoulders so you can focus on running your company.

Outsourcing the administrative and compliance tasks involved in employee payroll is one approach, but we have a better solution. Acumen International offers a global PEO and payroll solution that goes beyond outsourcing. We hire and compensate your global workforce on your behalf, and take care of all the details of payroll while ensuring full compliance with Singaporean labor and taxation laws.

It is important to note that Acumen does not provide international global payroll services as a standalone solution, but only as a part of our global PEO and Payroll solution.

Our comprehensive global PEO and payroll services are just some of the benefits of partnering with Acumen International. We make it easy for you to achieve your business goals in Singapore by officially employing and compensating your best selected global talent – both locals and expats – without concerns for legal and compliance risks faced by global employers.

Disclaimer: Any of the above information is subject to changes imposed by Singaporean laws. To get the latest updates on taxation in Singapore and in 190 countries worldwide, contact Acumen’s team of global employment experts.

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