Singapore

Innovare Management Singapore Pte Ltd is based in Singapore and is a wholly owned member of the Innovare Group.

Singapore’s success is highly due its advanced free-market economy backed by a corrupt-free government, ease of business and transparent business policies. However, most organisations venturing into Singapore face roadblocks that often make the processes we take for granted elsewhere a challenge here. Basic necessities like employment of a foreigner, administering of payroll, paying taxes are not that straightforward.

The Innovare Group provides a full contract management model in Singapore specific to your requirements operating in multiple industries. We usually refer to this model as the Employee of Record (EOR) model. Some of the characteristics are elaborated below.

We are able to assist whether you or your consultant is an expatriate or local in Singapore.

We have a team of payroll, immigration and compliance specialists ready to provide professional advice in terms of contracting.How Innovare Singapore can assist:

• Immigration Services

• Payroll Administration

• Tax and Social Security Management

• Other Employer Costs and Insurance

• Statutory Benefits

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Immigration Services

Immigration laws in most countries in Asia Pac often hold a local entity responsible for the entry, wellbeing, good behaviour and eventual exit of the individual. This also ensures that local immigration and employment laws are adhered to. This host company will be the technical employer of the individual.

We assist with the sponsorship of the work visa, subject to our company quota. Please speak to your Innovare sales contact person who will determine the appropriate visa for you or your consultant.

Other Employer Costs and Insurance

Innovare’s insurance policy in Singapore (subject to terms and conditions) includes Professional indemnity insurance and Public liability insurance and is inclusive in our management fee. Workman compensation insurance is charged at cost.

Needless to say, all Employee of Record consultants are required to have adequate medical insurance to cover them throughout the entire contract. While medical insurance covers for locals or permanent residents, medical and repatriation insurance is a must for expatriates working in Singapore.

Statutory Benefits

At the point of initial discussions, your Innovare sales contact will provide you with a list of statutory benefits which the agency or the end client must provide in compliance to the Singapore labour regulations.