Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
We act as your Employer of Record in Singapore. This country has a strategic position in Asia and its thriving economy make it an attractive market for international companies. However, the complexities of Singaporean labor laws and tax systems can be daunting for businesses new to the region. An Employer of Record (EOR) can streamline this process by acting as a local partner, ensuring compliance with all regulations and facilitating a smooth market entry.
Step 1 – Comprehensive Planning & Needs Assessment
Collaborating with an Employer of Record in Singapore, such as INS Global, commences with a thorough assessment of your business objectives. This involves determining the required number of employees, their specific roles, and your desired timeline for market entry. The Employer of Record subsequently customizes its services to perfectly align with your unique business needs, ensuring a smooth and efficient transition into the Singaporean market.
Step 2 – Streamlined Setup, Recruitment & Onboarding
Whether you are forming a new team in Singapore or transferring existing staff, an Employer of Record handles all necessary legal processes. This includes managing visas, work permits, payroll, and contract management, ensuring full compliance with Singaporean labor laws. Acting as your legal employer in Singapore, the Employer of Record saves you the time and expense of setting up a local entity.
Step 3 – Ongoing Management & Compliance Assurance
Once your employees are operational in Singapore, an Employer of Record manages ongoing HR and payroll functions. This includes salary processing, managing employee benefits, and ensuring compliance with health insurance and social security contributions. The Employer of Record acts as the HR liaison between you and your Singaporean team, handling administrative tasks and addressing employee concerns, allowing you to focus on business growth.
An Employer of Record streamlines the complexities of entering the Singaporean market by managing complex tax systems and labor laws, ensuring compliance from the start.
Navigating Singapore’s regulatory laws can be demanding, but Employer of Records have the expertise to ensure your business complies with local tax laws, labor regulations, and social security contributions.
As your legal employer in Singapore, an Employer of Record mitigates the risks that come with employment regulations, ensuring full compliance.
Employer of Record services are typically more cost-effective than setting up a local subsidiary, especially for smaller teams or temporary projects, helping you avoid initial incorporation costs and ongoing administrative burdens.
By outsourcing HR tasks such as recruitment, payroll processing, and tax management to your Employer of Record, you can concentrate on your core business activities.
Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
While setting up a subsidiary in Singapore is an option, using an Employer of Record provides several advantages:
Choosing the right Employer of Record in Singapore is crucial for successful market entry. Consider these 5 key factors:
Navigating these complexities in-house can be challenging and time-consuming. Partnering with an Employer of Record in Singapore ensures your business remains compliant with labor laws, protecting you from potential risks and allowing you to focus on growth.
An Employer of Record manages all the legal, HR, and compliance tasks, allowing startups to enter the Singaporean market quickly without needing to establish a local entity.
An Employer of Record in Singapore can be more cost-effective than setting up a local subsidiary, as it eliminates initial incorporation costs and reduces ongoing administrative expenses.
An Employer of Record handles the entire onboarding process, including managing job offers, contracts, and orientation, ensuring compliance with local labor laws.
An Employer of Record acts as the intermediary in resolving employee disputes, ensuring all actions comply with Singaporean labor laws and reducing the risk of legal complications.
Employer of Records stay updated on regulatory changes and ensure your business complies with the latest labor and tax laws, providing peace of mind.
Yes, an Employer of Record can facilitate remote work arrangements, ensuring compliance with local employment regulations and managing all HR and payroll functions for remote employees.
Level 39, Marina Bay Financial Centre Tower 2, 10 Marina Boulevard
Singapore 018983DOWNLOAD THE INS Expansion Insights
DOWNLOAD THE PDF
