An employment agency in Singapore is a company that serves as the middle party between client employers and potential employees. It supports many other companies-from small businesses to huge corporations-with their staffing needs. An employment agency can provide its services to a range of businesses in various sectors, or just focus on a specific industry or niche. Employment or recruitment firms in Singapore could also be engaged in placement of both local and foreign applicants.
Starting a Recruitment Agency in Singapore can be a profitable business. As a popular financial hub in Asia, there are several business and job opportunities in Singapore which attract people not only locally but abroad. Thus, it is wise to build an employment agency in the country to cater to the growing needs of both job applicants and corporations seeking staff to fill vacant positions.
What Do Start-Up Employment Agencies Need?
In starting an employment agency in Singapore, you'll be required to register and incorporate your company for legal purposes. The process of company registration and incorporation in Singapore is fast as long as you meet all the requirements, including a registered business address. You must ensure the certification of your employment agency personnel as well. These include your key appointment holders such as CEO and general managers. Moreover, they must be registered with the Singapore Ministry of Manpower (MOM) and should have their own registration card.
Before starting your business activities, your firm should first apply for an Employment Agency License (EAL). Governed by the Ministry of Manpower of Singapore, this is the basic license required for any type of recruitment firm, which can either be a Select License or a Comprehensive License. This applies regardless of whether the agency is Singapore-based or not and regardless of whether it deals with local or overseas employment. In other countries such as Malaysia employment agency license is also usually called as the following: recruitment agency license, manpower agency license, staffing agency license, or placement agency license.
These are just some of the basic requirements for setting up an employment agency in Singapore. Just as any other type of business, your recruitment firm should also go through the proper procedure to avoid legal problems in the future. Bear in mind that while Singapore has business-friendly policies, the government also has tight enforcements and penalties for unlawful businesses.
Starting a Recruitment Agency in Singapore can be a profitable business. As a popular financial hub in Asia, there are several business and job opportunities in Singapore which attract people not only locally but abroad. Thus, it is wise to build an employment agency in the country to cater to the growing needs of both job applicants and corporations seeking staff to fill vacant positions.
What Do Start-Up Employment Agencies Need?
In starting an employment agency in Singapore, you'll be required to register and incorporate your company for legal purposes. The process of company registration and incorporation in Singapore is fast as long as you meet all the requirements, including a registered business address. You must ensure the certification of your employment agency personnel as well. These include your key appointment holders such as CEO and general managers. Moreover, they must be registered with the Singapore Ministry of Manpower (MOM) and should have their own registration card.
Before starting your business activities, your firm should first apply for an Employment Agency License (EAL). Governed by the Ministry of Manpower of Singapore, this is the basic license required for any type of recruitment firm, which can either be a Select License or a Comprehensive License. This applies regardless of whether the agency is Singapore-based or not and regardless of whether it deals with local or overseas employment. In other countries such as Malaysia employment agency license is also usually called as the following: recruitment agency license, manpower agency license, staffing agency license, or placement agency license.
These are just some of the basic requirements for setting up an employment agency in Singapore. Just as any other type of business, your recruitment firm should also go through the proper procedure to avoid legal problems in the future. Bear in mind that while Singapore has business-friendly policies, the government also has tight enforcements and penalties for unlawful businesses.
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