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IMPACT – HIGH
What is the change? The Ministry of Manpower has said that Singapore Corporate Access (CorpPass) will become mandatory by December for all companies using Employment Pass Online or conducting other business transactions with the government.
What does the change mean? While use of SingPass can continue for now, MOM has urged companies to register a CorpPass account as soon as possible. This is part of the authorities’ drive to protect both personal and business information.
Background: MOM recently launched the use of CorpPass for companies using EP Online, but until now have not said when CorpPass would become mandatory for companies using EP Online. In a message on Tuesday, MOM said CorpPass would become mandatory by December, when it will replace the SingPass login for business transactions with the government. For now, either CorpPass or SingPass may be used, but eventually SingPass will only be available for use by individuals and will no longer be used for business transactions.
BAL Analysis: Companies should take note of the change and create a CorpPass account if they have not already done so.
This alert has been provided by the BAL Global Practice group in Singapore. For additional information, please contact singapore@bal.com.
Copyright © 2017 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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