The S$5,600 general salary floor and S$6,200 finance salary floor have applied to new EP applications since 1 January 2025. They began applying to renewals on 1 January 2026. Budget 2026 raises the floors to S$6,000 and S$6,600 from 1 January 2027 for new applications, with renewals following on 1 January 2028.
Founders hiring foreign talent in Singapore must budget higher fixed salaries and factor the rising thresholds into offers, since older EP holders can fail renewal if pay lags the new floor. Plan hires and renewals around the January 2026 and July 2026 dates, and run candidates through the COMPASS points calculator early rather than assuming salary alone qualifies them.
Source: Ministry of Manpower (MOM)
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