A business with global ambitions often faces one common roadblock, how to hire employees in another country without spending months setting up a legal entity. Singapore is one of the most attractive destinations for international businesses, but its strict compliance rules and regulations can appear overwhelming to companies stepping in for the first time. The good news is that there’s a solution designed to overcome this hurdle, working with an employer of record in Singapore.
This approach gives businesses a way to quickly enter the Singapore market, build teams, and operate legally, all without going through lengthy processes. It not only simplifies hiring but also provides peace of mind by handling compliance and employment laws.
Key Takeaways
- Employer of Record (EOR) in Singapore offers a compliant and cost-friendly way to hire.
- Businesses can avoid setting up entities and instead onboard staff within days.
- Singapore attracts global companies due to its skilled workforce, legal framework, and tax advantages.
- Multiplier stands out as one of the leading EOR solutions in Singapore, offering a seamless platform for global hiring.
Why Global Companies Use EORs to Hire in Singapore
Hiring through an employer of record Singapore offers a direct path to entering the country’s job market. Global companies choose this model because it saves time, cuts costs, and ensures compliance with local laws.Speed is one of the main benefits. Instead of waiting months to set up an entity, companies can start operations in a matter of days. This quick entry allows them to focus on building business opportunities rather than paperwork.
Cost savings also play a big role. Entity registration and infrastructure setup in Singapore can be expensive, especially for smaller companies or startups. EORs remove this barrier by providing a ready-to-use legal framework. Compliance is another vital advantage. An EOR handles responsibilities such as CPF contributions, Ministry of Manpower regulations, and tax filings. This ensures that companies avoid penalties and stay within the law.
Operational efficiency comes as an added bonus. With an EOR managing HR administration, contracts, and payroll, businesses can redirect their resources towards growth and strategy instead of day-to-day admin tasks.
Why Hire Employees in Singapore?
Singapore has become a hub for global businesses, and the reasons are clear. Its combination of legal strength, skilled professionals, and tax incentives makes it one of the most business-friendly nations in Asia. The legal framework is solid, with the Employment Act clearly outlining both employer and employee rights. This transparency reduces conflicts and builds trust in workplace relationships.
The talent pool is another major attraction. Singapore offers skilled, multilingual professionals across sectors such as finance, technology, biotech, and logistics. Strong English proficiency also makes communication easier for global companies. The tax environment is highly attractive. With competitive corporate tax rates, double taxation treaties, and research incentives, Singapore ensures businesses can grow while keeping costs under control.
Ease of doing business is yet another draw. Ranked among the top countries globally for efficiency and transparency, Singapore makes it simple for companies to set up and operate smoothly. Finally, its location provides strategic access to the Asia-Pacific market. Many multinational corporations establish their regional headquarters here, as Singapore serves as the perfect base for cross-border business operations.
Best Employer of Record in Singapore
When exploring the best employer of record Singapore, several strong players stand out. Each brings unique strengths, but Multiplier leads the pack with its customer-first platform.
Multiplier
Multiplier makes hiring and managing talent in Singapore easy, fast, and compliant. It covers payroll, contracts, tax administration, and employee benefits, all while ensuring full compliance with local laws. The platform enhances the employee experience through robust benefits and simplifies employer responsibilities with a user-friendly system. Whether a business is onboarding one person or building entire teams, Multiplier ensures a seamless, affordable, and risk-free process.
Asanify
Asanify offers MOM and CPF-compliant hiring with bilingual HR support. Its onboarding process is quick, with contracts and payroll processing ready within 48 hours. Integrated leave and tax modules add convenience for employers.
RemoFirst
RemoFirst focuses on affordability, with EOR services starting at $199 per employee per month. It provides contract compliance, onboarding, and payroll management, along with private health insurance options via RemoHealth.
Oyster
Oyster brings payroll, benefits, and compliance together with added training through Oyster Academy. It integrates with HR tools like Slack and QuickBooks. However, it comes at a higher cost, starting at $699 per employee per month.
Remote
Remote operates its own legal entities for better control over compliance and intellectual property. The platform integrates with tools such as Zapier and Xero, offering IP protection as an added benefit. Pricing begins at $599 per employee per month.
RecruitGo
RecruitGo doubles as a recruitment agency and EOR provider. Its services are popular across Southeast Asia and the UAE. The platform also offers physical office solutions through Remote Hubs.
Deel
Deel operates with owned legal entities in 100+ countries. Its platform integrates with popular tools like Dropbox and Slack, while offering contractor management and payroll services. Pricing starts at $599 per employee per month.
Globalization Partners (G-P)
G-P is known for its large-scale hiring support. It offers an AI-powered dashboard for compliance and onboarding but comes at a premium, starting at $699 per employee per month.
Sky Executive
Sky Executive combines recruitment with EOR services. It’s ideal for businesses seeking both hiring and HR management, though it does not provide contractor solutions.
Velocity Global
Velocity Global focuses on tailored compliance solutions with strong support for CPF enrolment and visas. Its white-glove service model makes it suitable for enterprises needing customised solutions.
Conclusion
Expanding into Singapore doesn’t have to be complex or costly. With the right employer of record Singapore, businesses can hire quickly, stay compliant, and focus on growth instead of paperwork. Among all providers, Multiplier stands out with its simple platform, strong compliance record, and commitment to enhancing the employee experience. Whether hiring one team member or building an entire workforce, Multiplier ensures global expansion into Singapore is smooth, affordable, and stress-free.
FAQs
1. What does an employer of record in Singapore do?
An employer of record in Singapore legally hires employees on behalf of foreign companies. It handles payroll, contracts, taxes, and compliance while the company manages daily tasks and business operations.
2. How fast can companies hire through an EOR in Singapore?
With an EOR, employees can be onboarded in days instead of months. This speed allows companies to start business operations without delay.
3. Is hiring through an EOR cost-effective?
Yes, it eliminates the need for setting up a local entity and paying for infrastructure. Businesses only pay for the EOR service while enjoying full compliance and operational efficiency.
4. Why is Singapore a popular choice for global businesses?
Singapore offers a skilled workforce, strong legal system, business-friendly tax rates, and strategic access to Asia-Pacific markets, making it a top destination for expansion.
5. Which is the best employer of record in Singapore?
Multiplier’s Employer of Record is widely recognised as one of the leading EOR providers. It offers a user-friendly platform, compliance assurance, and strong support for businesses of all sizes.