Most foreign finance and tech professionals wanting to work in Singapore need not fear the Republic’s new Employment Pass (EP) rules when they fully kick in from next year. High salaries and skill levels in the finance sector should ensure most applicants are still approved, say recruiters.
From September 2023, EP applicants must score sufficient points under a new COMPASS (Complementarity Assessment Framework) points system in order to work in Singapore. Points are given not just for salary and qualifications, but also for the nationality diversity of the hiring firm and its support for local employment.