Incorporating your Employment Agency On ACRA
Register company in Singapore with the Accounting and Corporate Regulatory Authority (ACRA) is the first step to kicking off your business venture. Successfully registered, your company will receive a Unique Entity Number (UEN), which is required when making applications for other licences and permits.
Employment Agency (EA) License and Security Deposit
In addition to registering a business licence on ACRA, employment agencies will also require an Employment Agency (EA) licence issued and governed by the Ministry of Manpower (MOM) before commencing any business activity. MOM issues two categories of licence for employment agencies in Singapore:
- Select Licence: Salary above S$4500 per month
- Comprehensive License (3 sub-categories): No salary restriction
A Security Deposit is required following the issue of the EA licence:
- Select Licence: S$20,000
- Comprehensive License: S$60,000
An EA licence is valid for 3 years.
Certificate for Employment Intermediaries
All employees including key appointment holders are required to be certified under the Certificate for Employment Intermediaries (CEI) course in order to work in an employment agency. Key appointment holders need to complete the 40-hour course while other personnel need to complete the 32-hour course. All employment agency personnel must also be registered with MOM and be issued with a standardised registration card.
VentureHaven will not only get your Employment Agency incorporated in Singapore but also advise you on procuring all necessary certification to get your business started.
Tripartite Guidelines on Fair Employment Practices
Effective 1 October 2020, all Employment Agencies are to comply with the fair recruitment requirements stipulated in the Tripartite Guidelines on Fair Employment Practices guidelines for all employers.
The basic Fair Employment principles include:
- Recruit and select employees on the basis of merit (such as skills, experience or ability to perform the job), regardless of age, race, gender, religion, marital status and family responsibilities, or disability.
- Treat employees fairly and with respect, and implement progressive human resource management systems.
Provide employees with equal opportunity to be considered for training and development based on their strengths and needs, to help them achieve their full potential.
- Reward employees fairly based on their ability, performance, contribution and experience.
- Abide by labour laws and adopt the Tripartite Guidelines on Fair Employment Practices.
Please refer to the Complete TGFEP Guidelines for more details and explanation regarding the Do’s and Don’t’s.
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