📅 Singapore will raise the minimum qualifying salary for Employment Pass (EP) holders starting January 1, 2026.
💼 The government aims to attract high-quality global talent while protecting local employment.
📈 The new minimum salary will start at SGD 5,600 for new EP applicants in most sectors.
🏥 For the financial services sector, the new minimum salary will be SGD 6,200.
🔄 Employers must adjust compensation packages to meet the upcoming criteria.
🧑💼 The changes apply to new EP applications from January 2026 and renewals from January 2027.
🌍 Singapore reinforces its position as a global talent hub while balancing local workforce priorities.
⚖️ The authorities continue refining policies to maintain a fair and progressive job market.
🛠️ Employers should begin workforce planning and budget adjustments now.
🔍 MOM (Ministry of Manpower) will offer support and resources to help companies transition smoothly.
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