Requirements of MCA Compliance for Private Limited Company in Singapore  require you to register with the Central Provident Fund or CPF which is a compulsory pension fund scheme in which both employer and employee contribute a percentage of the monthly salary to the fund. CPF contribution by the employer is mandatory for all local employees including Singapore citizens and permanent residents, earning more than SGD 50 a month. The maximum CPF contribution rate for employer and employee is specified as 17% and 20% respectively. The rate can be lower considering certain factors such as employee age, permanent resident status, etc. Foreign employees don’t come under CPF contribution requirements.