Study Tour to Singapore on formalization of Micro and Small Enterprises
Cambodia
Asia and the Pacific
20.12.2023
Description
- Learn about the historical development of the formal economy in Singapore. Get acquainted with strategies and policies that the government had put in place to achieve the current status.
- Explore the role of digital solutions in facilitating the registration and management of MSEs in Singapore and understand how these initiatives contribute to formalization processes.
- Examine the compliance mechanisms to ensure employers' adherence to MSEs’ regulation including contributions, employment laws, and workplace safety regulations, and understand the enforcement actions and penalties associated with non-compliance.
- Understand the incentives provided to MSEs in Singapore to encourage compliance and formalization and assess their impact on promoting compliance and fostering sustainable business practices among MSEs.
- Learn about used for the implementation and administration of social security and business services schemes, and the strategies used to address challenges.