SINGAPORE – Increase in Qualifying Salary for EP Applications

March 11, 2024

Starting 1 January 2025, the monthly qualifying salary for new employment pass (EP) applications will be raised from SGD 5,000 to SGD 5,600. New applicants from the financial services sector would also see an increase in qualifying monthly salary from SGD 5,500 to SGD 6,200.  

The new minimum monthly salary requirements will also apply to those existing EP holders whose pass expires from 1 January 2026.  

As always, don’t hesitate to reach out to your Newland Chase dedicated contact or submit an inquiry here if you have any specific questions regarding this announcement.

This immigration update is for informational purposes only and is not a substitute for legal or scenario-specific advice. Furthermore, it is important to note that immigration announcements are subject to sudden and unexpected changes. Readers are encouraged to reach out to Newland Chase for any case- or company-specific assessments.