Relax visa rules to encourage tech talent, PwC tells Singapore government

It has been suggested to the Singapore government to relax work visa restrictions to attract skilled workers in the technology sector by PwC, the consulting firm.

The firm has also asked the government to once again introduce incentives for share plans of employees to lure talent to this city-state. Among other recommendations proposed ahead of the country’s Budget 2017 are tax reliefs to encourage businesses to go digital and reduce taxes for research and the other progressive activities.

With Singapore facing a talent deficit of digitally skilled personnel, Today quotes PwC as saying that rules for work visas could be eased for start-ups in the technology sector.

Proposed also were incentives to aid SMEs (small and medium-sized enterprises) to draw and retain skilled workers.

This was imperative as Singapore needed to go digital to keep up with the developed nations. PwC said that by attracting companies in Singapore to handle their IP (intellectual property) portfolios, jobs would be created in the high-end.

It also added that to encourage companies, moves must be initiated to facilitate local companies of Singapore to overhaul themselves in order to expand their presence locally as well as internationally.

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