Singapore Raises Employment Pass Salary Requirements for 2027

Singapore's Ministry of Manpower (MOM) has announced an increase in the minimum salary required for foreigners seeking an Employment Pass (EP), effective from January 1, 2027, for new applications and January 1, 2028, for renewals. The updated salary thresholds will see the minimum for non-financial services professionals rise from S$5,600 (N7,420,000) to S$6,000 (N7,950,000), and from S$10,700 (N14,177,500) to S$11,500 (N15,237,500) for applicants aged 45 and above.

For financial services professionals, the current minimum of S$6,200 (N8,215,000) will increase to S$6,600 (N8,745,000), and the upper age threshold will rise from S$11,800 (N15,635,000) to S$12,700 (N16,827,500). The adjustments reflect Singapore's strategy to ensure EP holders are genuinely skilled and earn competitive salaries compared to local professionals.

MOM has revised these salary benchmarks multiple times to enhance the quality of the foreign workforce. Additionally, applicants must meet a points-based assessment known as the Complementarity Assessment Framework (COMPASS).