SINGAPORE – Local Qualifying Salary Increase 

February 26, 2024

By: Patricia Clarino

In its 2024 budget statement, Singapore revealed that a rise in the Local Qualifying Salary (LQS) from SGD 1,400 to SGD 1,600 per month is forthcoming. With effect from July 1, 2024, the adjustment affects the calculation of a firm’s Work Permit and S Pass quota entitlement.

Under the updated guidelines, which are expected to take effect on 1 July 2024, any Singaporean or Permanent Resident employed under a contract of service including company directors, will be calculated as: 

  • 1 local worker if their monthly earnings reach or exceed SGD 1,600. 
  • 0.5 local worker if their monthly earnings are at least SGD 800 but less than SGD 1,600. 

As always, don’t hesitate to reach out to your Newland Chase dedicated contact or submit an inquiry here should 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.