Singapore WP Quotas and Levy by Industry
2023-08-10
In Singapore, hiring foreign workers under the Work Permit (WP) program involves specific quotas and levies based on the industry. These regulations are subject to periodic updates, and it's crucial for employers to stay informed about the latest changes to ensure compliance. In this blog, we will delve into the WP quotas and levies for various industries, including construction, manufacturing, maritime, processing, and services, both for the current year and upcoming changes in 2024.
Construction Industry:
Current Quota: 1 local employee = 7 foreign employee WP quotas
Current Levy:
Starting in 2024:
New Quota: 1 local employee = 5 foreign employee WP quotas
New Levy:
Manufacturing Industry:
Quota and Levy details:
Marine Shipyard Industry:
Quota: 1 local employee = 3.5 foreign employee WP quotas
Levy:
Processing Industry:
Current Quota: 1 local employee = 7 foreign employee WP quotas
Current Levy:
Starting in 2024:
New Quota: 1 local employee = 5 foreign employee WP quotas
New Levy:
Service Industry:
Quota and Levy details:
Singapore's Work Permit (WP) program is subject to industry-specific quotas and levies, which are periodically updated to ensure a balance between local and foreign employment. As an employer, it's essential to understand and adhere to these regulations to avoid penalties and disruptions to your workforce. If you're considering hiring foreign employees, especially with the upcoming changes in 2024.
For professional guidance and assistance with your permit application needs, feel free to contact us via WeChat (WeChat ID: sissi-skyline) or WhatsApp us at +65-91328885.