Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 212

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 212
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 contribution rate varies depending on whether the employee is a Singapore citizen or permanent resident in the private or public sector and the age group and wage band of the employee. Generally, for employees who are Singapore citizens in the private sector or non -pensionableemployees in the public sector, 55 years old or below and that earn more than S$750 (approximately US$545) a month, the employer’s contribution rate is 17% of the employee’s wages. Foreign Employees The availability and the employment of skilled and unskilled foreign workers are affected by the government’s policies and regulations on the immigration and employment of foreign workers in Singapore. The policies and regulations are set out in, inter alia, the Employment of Foreign Manpower Act 1990 of Singapore (“EFMA”) and the relevant Government Gazettes. Under the EFMA, no person shall employ a foreign employee and no foreign employee shall be in the employment of an employer unless the foreign employee has a valid work pass. In relation to the employment of foreign professionals, employers must ensure that such persons apply for an “Employment Pass”. In relation to the employment of semi -skilledor unskilled foreign workers, employers must ensure that such persons apply for a “Work Permit”. In relation to the employment of foreign mid -levelskilled workers, employers must ensure that such persons apply for “S Pass”. The Employment of Foreign Manpower (Work Passes) Regulations 2012 of Singapore (“EFMR”) requires employers of work permit holders, inter alia, to (i) subsidize medical expenses of foreign workers (unless agreed otherwise), (ii) provide safe working conditions, (iii) provide acceptable accommodation consistent with any law or governmental regulations, and (iv) provide and maintain medial insurance for inpatient care and day surgery, with coverage of at least S$60,000 (approximately US$10,675) per every 12 -monthperiod. The EFMR also requires employers of S Pass holders, inter alia, to (i) subsidize medical expenses of foreign worker (unless agreed otherwise) and (ii) provide and maintain medical insurance for inpatient care and day surgery, with coverage of at least S$60,000 (approximately US$10,675) per every 12 -monthperiod. An employer of foreign workers is also subject to, inter alia, the provisions set out in the EA, the EMFA, the Immigration Act 1959 of Singapore and the Immigration Regulations. Workplace Safety and Health The Workplace Safety and