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Epica FAQ Series

Would Employment Pass holders have to contribute to any social security or skill development fund etc?

Immigration and Visa

Would Employment Pass holders have to contribute to any social security or skill development fund etc?

If you are an employment pass holder, you would not have to make any social security or skill development fund.

The social security contribution to the Central Provident Fund (CPF) is only applicable to Singaporean citizens and Permanent Residents The employer, however, has to contribute a Skills Development Fund. The SDF contribution is paid by the employer for all the employees to the first $4500 of gross monthly remuneration. This is paid at the rate of 0.25% or $2, whatever is deemed higher.

Foreigner Package

New Company Setup

S$2,400
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

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