Various conditions apply depending on the country of origin of the workers. Employers of Work Permit holders must purchase medical insurance with a minimum coverage of $15,000 for inpatient care and day surgery. With the exception of Malaysian workers, employers will also need to provide a bank guarantee of $5,000 per foreign worker.
Employers are also required to pay the Foreign Worker Levy which is a pricing mechanism designed to regulate the number of foreign workers in Singapore. The Foreign Worker Levy is paid on a monthly basis and the amount is dependent on the type of industry, the “Dependency ceiling” i.e. the number of foreign workers that may be employed by that industry and the qualifications of the workers. The levy amount varies from $250 to $950 per month for each employee, depending on the number of Work Permit holders employed by the company.
Click here to find out more about Singapore's Immigration Requirements.