In fact, the system of donations in Singapore is quite transparent, and the fee differences should not exceed 10%.

First, the cost of an Employment Pass (EP) is about $10,000, and if it's cheaper, it can be done for around 10,000 SGD. The difference lies in whether they can assist you with identity planning and whether they provide follow-up services. This price is already very transparent.

The maintenance costs are divided into two parts: taxes and maintenance fees. First, there are two types of EP: one is self-employed, which means starting your own company, and the other is employed, which means working under someone else's company. The personal tax is the same; the biggest cost difference is that self-employed individuals need to have cash flow. Generally, most people have their own companies, so they need an assistant company to help with finances and cash flow matters. This cost is about $2,000 a year.

Then, for corporate tax, it depends on the performance of the business. If the performance is good, you pay more. Generally, it should definitely be higher than your income by 10%, which is the minimum. There isn't much money in this aspect.

Next is personal tax, which mainly depends on education level. For those with a bachelor's degree or higher, the basic salary can be kept around 12,000 SGD, and the annual tax is about 10%, with some minor deductions available. If the education level is below a bachelor's degree, the basic salary line is 22,000 SGD, and the annual tax is about 33,000 SGD, which can also have some minor deductions, but they are negligible.

So, taxes are the biggest cost. Unless you have Permanent Residency (PR) or citizenship, it is very difficult to reduce this cost. A little tip: if your education level is not good, you can spend money to study first, about $10,000, for a master's degree in seven to eight months, and then apply for an EP. If you already have a high-salary EP, even if your education level improves, it is almost impossible to lower it.

However, paying high taxes is not without benefits; obtaining PR will be easier. The higher the taxes paid, the relatively lower the difficulty.

Calculating the approximate annual cost is between 15,000 SGD (with a degree) and 35,000 SGD (without a degree).

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