As businesses grow, hiring talent in new countries can be challenging. Navigating local laws, payroll, and compliance can feel overwhelming. That’s where Stipenda comes in! Our Employer of Record (EOR) services make it easy to hire employees in Singapore without the hassle of setting up a local company. Let’s explore how Stipenda can help your business thrive in Singapore.

What is an Employer of Record (EOR)?

An Employer of Record is a partner that takes on all the legal responsibilities of employing people in Singapore. This includes managing payroll, benefits, taxes, and ensuring compliance with local labor laws. By working with Stipenda, you can quickly hire employees without the need to establish a legal entity, saving you time and money.

Why Choose Stipenda in Singapore?

1. Fast and Compliant Hiring

Setting up a legal entity in Singapore can take a lot of time and money. With Stipenda, you can hire employees in just a few days! We handle the onboarding process and ensure that all employment contracts meet local requirements. This means you can find and engage top talent quickly and efficiently.

2. Easy Payroll Management

We simplify payroll by ensuring that salaries are paid at least once a month and within seven days of the pay period ending. Stipenda knows Singapore’s payroll laws inside and out, so you can be confident that your employees will be paid accurately and on time.

3. Understanding Local Taxes

Navigating Singapore’s tax system is important for compliance. Stipenda provides clear information about tax obligations, such as income tax rates and filing deadlines. Our team ensures that all payroll taxes are calculated and submitted correctly, so you don’t have to worry about it.

4. Comprehensive Employee Benefits

To attract and keep great employees, offering a strong benefits package is key. Stipenda manages both required benefits, like contributions to the Central Provident Fund (CPF), and additional perks like private health insurance and home office allowances. We make it easy to provide competitive benefits for your team.

5. Managing Leave and Time Off

In Singapore, employees are entitled to various types of leave, including annual leave and sick leave. Stipenda ensures that you comply with local laws regarding leave entitlements and manages all time-off requests. This helps you avoid any mistakes and keeps your employees satisfied.

6. Handling Terminations Smoothly

If you need to let an employee go, Stipenda makes the process easy and compliant. We handle everything from notice periods to severance payments, helping you avoid potential legal issues and making the transition as smooth as possible.

7. Local Knowledge

Singapore has its own unique business culture and rules. Stipenda’s local expertise ensures that you not only comply with laws but also understand best practices in the Singaporean workplace.

Get Started with Stipenda

Expanding your business into Singapore doesn’t have to be complicated. Stipenda’s Employer of Record services simplify hiring, payroll, benefits, and compliance, allowing you to focus on what really matters—growing your business.

Ready to learn more? Contact us today:

• Europe: +44 (0) 330 380 0161
• US: +1 800 910 7847
• Sales Enquiries: sales@stipenda.com

Let Stipenda help you navigate the hiring process in Singapore and unlock your business’s potential!