JamesSingapore remains one of the most sought-after destinations in Asia for skilled professionals in 2026. Known for its thriving economy, low taxes, political stability, and world-class infrastructure, the city-state continues to attract global talent. The Singapore Employment Pass (EP) is the primary visa for foreign professionals, and with salaries starting at SGD 6,000 per month, it’s also a gateway to permanent residency (PR) for thousands of expats each year.
This guide explains the latest EP salary thresholds, high-demand industries, application process, and step-by-step PR strategies so you can plan a successful move to Singapore in 2026.
Why Choose Singapore for Work
Singapore’s reputation as a global hub for finance, technology, and innovation makes it a top choice for skilled workers. Here’s why professionals and families are choosing Singapore:
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High Salaries: Competitive wages starting at SGD 6,000/month for EP holders.
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Low Taxes: Personal income tax rates are capped at 22%, significantly lower than many Western countries.
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Strategic Location: Easy access to Asia-Pacific markets.
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High Quality of Life: Excellent healthcare, safety, and education.
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Permanent Residency Potential: Employment Pass holders have a clear pathway to PR.
Singapore Employment Pass (EP) Overview
The Employment Pass is designed for foreign professionals, managers, executives, and specialists working in Singapore. It allows holders to live and work in the country, bring dependents, and eventually apply for PR.
| Feature | Details (2026) |
|---|---|
| Eligibility | Professionals with a job offer in Singapore. |
| Minimum Salary | SGD 6,000/month (SGD 10,500 for finance roles). |
| Duration | 2 years (first issue), renewable for 3 years. |
| Dependent Privileges | Spouse, children, and parents (under certain conditions). |
| PR Pathway | Eligible to apply after 6–12 months of employment. |
2026 EP Salary Requirements
The Ministry of Manpower (MOM) regularly updates EP salary thresholds to ensure foreign talent complements local hiring.
| Applicant Type | Minimum Monthly Salary (SGD) | Notes |
|---|---|---|
| General Professionals | SGD 6,000/month | For all foreign professionals. |
| Experienced Professionals (40+) | SGD 10,000/month | Higher threshold for senior hires. |
| Financial Services Sector | SGD 10,500/month | Reflects high-paying nature of finance roles. |
| EP Renewal Requirement | Same as above | Salaries adjusted with age and industry. |
Pro Tip: Most EP applicants earn above SGD 8,000/month, making it one of Asia’s most lucrative work visas.
Jobs That Qualify for EP in 2026
Singapore is aggressively hiring international talent in sectors where local expertise is limited.
| Industry | Average Monthly Salary (SGD) | Notes |
|---|---|---|
| Tech & IT (Software Engineers, Data Scientists) | SGD 7,000 – SGD 12,000 | Demand skyrocketed due to AI, fintech growth. |
| Finance & Banking (Investment Analysts, Risk Managers) | SGD 10,000 – SGD 18,000 | Singapore is a top global finance hub. |
| Healthcare & Biotech (Specialist Doctors, Researchers) | SGD 9,000 – SGD 15,000 | Biomedical investments driving demand. |
| Engineering (Project Managers, Civil Engineers) | SGD 6,500 – SGD 10,000 | Infrastructure projects creating roles. |
| Executive Roles (C-level, Directors) | SGD 15,000 – SGD 30,000+ | Senior hires command premium salaries. |
How to Apply for an Employment Pass
The EP application process is employer-driven; companies must submit applications on behalf of foreign hires.
Step-by-Step Process:
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Secure a Job Offer:
Apply directly to Singaporean employers or multinational corporations operating in Singapore. -
Employer Submits EP Application:
Applications are submitted online via the MOM portal. -
Pass the COMPASS System:
The Complementarity Assessment Framework (COMPASS) evaluates candidates based on:-
Salary
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Qualifications
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Diversity of workforce
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Firm’s contribution to local hiring
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Approval & IPA Letter:
Once approved, you’ll receive an In-Principle Approval (IPA) letter to enter Singapore. -
EP Issuance:
After arrival, you’ll get your EP card, valid for 2–3 years.
COMPASS Scoring System (2026)
To qualify, you must score at least 40 points:
| Criteria | Description | Points Range |
|---|---|---|
| Salary | Higher salaries earn more points. | 10–20 |
| Qualifications | Recognized degrees, diplomas, or certifications. | 10–20 |
| Diversity | Hiring foreigners from underrepresented countries. | 5–10 |
| Local Employment Support | Companies hiring locals in leadership positions. | 5–10 |
Bringing Family to Singapore
EP holders earning SGD 6,000+/month can bring:
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Spouse and children (Dependant Pass).
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Parents (Long-Term Visit Pass, requires SGD 12,000/month salary).
This makes Singapore an attractive option for families.
Pathway to Permanent Residency (PR)
Many expats use the EP as a stepping stone to Singapore PR status.
| PR Route | Eligibility | Processing Time | Notes |
|---|---|---|---|
| Professional/Technical Scheme | Apply after 6–12 months of EP employment | 6–12 months | Most common route for EP holders. |
| Global Investor Program | Invest SGD 2.5M+ in Singapore | 6–9 months | For high-net-worth individuals. |
| EntrePass Route | Startup founders with MOM endorsement | 6–12 months | Encourages entrepreneurship. |
PR Advantages:
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No need for future work visas.
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Lower tax rates and access to CPF (Central Provident Fund).
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Eligibility for subsidized housing and education.
Cost of Living in Singapore
While salaries are high, living costs are also significant. Here’s a breakdown:
| Expense Category | Monthly Cost (SGD) | Notes |
|---|---|---|
| 1-Bedroom Apartment (City) | SGD 3,000 – SGD 5,000 | Rent is the biggest expense. |
| Utilities & Internet | SGD 200 – SGD 350 | Depends on lifestyle. |
| Groceries | SGD 400 – SGD 700 | Imported products cost more. |
| Transport | SGD 100 – SGD 150 | MRT and buses are efficient and cheap. |
| Dining Out | SGD 500 – SGD 1,000 | Hawker centres offer affordable meals. |
With a salary of SGD 6,000+, you can live comfortably as a single expat, while families typically spend SGD 8,000–10,000/month.
Why Singapore is a Top Expat Choice
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Ease of Doing Business: Ranked consistently among the top in the world.
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Low Personal Tax Rates: Maximum 22% even for high earners.
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Safety & Cleanliness: Consistently one of the safest countries globally.
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Cultural Diversity: A vibrant mix of Asian and Western influences.
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Travel Hub: Short flights to Malaysia, Thailand, Japan, Australia, and more.
Future Outlook for EP Holders (2026 and Beyond)
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Rising Salary Thresholds: MOM regularly increases minimum salaries to prioritize senior talent.
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Tech and Green Economy Growth: More opportunities in sustainability, AI, and fintech sectors.
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PR Selectivity: Singapore PR will remain competitive, favoring high-income earners and those with strong ties to the country.
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Talent Pass and One Pass Schemes: For exceptional global talent earning SGD 30,000+/month.
Key Takeaways
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The Singapore Employment Pass is your gateway to a well-paid career in Asia, starting at SGD 6,000/month.
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Tech, finance, healthcare, and executive roles offer salaries well above SGD 10,000/month.
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EP holders enjoy a clear PR pathway within 1–2 years.
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High cost of living is offset by low tax rates, high salaries, and global career opportunities.
Conclusion
If you’re a skilled professional seeking career growth, financial stability, and a dynamic lifestyle, Singapore remains one of the best choices in 2026. With competitive EP salaries, clear immigration pathways, and a business-friendly environment, the Lion City continues to be a magnet for global talent.
By securing a job offer, meeting the COMPASS scoring requirements, and applying strategically for PR, you can establish a secure and rewarding future for yourself and your family in one of the world’s safest and most exciting countries.
