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Average salary of Block-chain firm in Singapore

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  #1 (permalink)  
Old 03-09-2021, 11:57 PM
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Default Average salary of Block-chain firm in Singapore

Hey guys, Thanks for having a look at my post. Here let you guys have some basic information about my situation.

I'm 26 years old from HK and single. Currently, I am working in an international payment company ShangHai office. And the salary package is, cash 74,000 SGD / Yr + C&B 21000 SGD/ Yr (before tax. 11+8 % will be the tax, 76950 SGD will be after-tax).

76,950 SGD is good money living Shanghai, course there living cost and rent is not that expensive after you living local way.

Now have a Crypto-firm offering me 125,000 SGD to move to Singapore (For the most of salary they pay me in Crypto) which mean I only tax like 3000 SGD a year.

Wonder know if this salary can start a good life in Singapore. Thanks for reading this.

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Old 15-10-2021, 07:25 PM
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Talking A risk worth taking

I am a foreigner looking to relocate to SG. Thus, I have been doing my homework on living costs in SG. What I found is that, it all depends on how you want to live. Rent is very high (second only to HK) and alcohol is expensive. If you are single and ready to mingle, be ready to pay.

I was told by a Singaporean HR director of a very famous global fashion brand of these overly simplistic thresholds. 5,000 SGD a month is ok, 10,000 a month is decent. ok = you will survive and enjoy a reasonable amount of entertainment. decent = live, eat, and can be entertained but allowed to save, get married, buy your own condo in the future. Basically, foreigners should earn well due to the lack of CPF and subsidies for healthcare, child education, and higher property tax. Local Singaporeans may answer this part better than I can.

What I am interested in is the crypto part. This deal mostly depends on how good you are with your cryptos. In other words, how much do you understand cryptos (as an investable asset class, not from the tech sense), and how good are you at trading them. In my opinion, you will earn ok in cash, that crypto portion can make it decent to excellent. At 26 years old, what is there to lose? Learn to trade and invest in crypto early, I think it's a win-win.

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Old 15-10-2021, 10:06 PM
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Quote:
Originally Posted by hycs16 View Post
Hey guys, Thanks for having a look at my post. Here let you guys have some basic information about my situation.

I'm 26 years old from HK and single. Currently, I am working in an international payment company ShangHai office. And the salary package is, cash 74,000 SGD / Yr + C&B 21000 SGD/ Yr (before tax. 11+8 % will be the tax, 76950 SGD will be after-tax).

76,950 SGD is good money living Shanghai, course there living cost and rent is not that expensive after you living local way.

Now have a Crypto-firm offering me 125,000 SGD to move to Singapore (For the most of salary they pay me in Crypto) which mean I only tax like 3000 SGD a year.

Wonder know if this salary can start a good life in Singapore. Thanks for reading this.
take the job, experience it and tell us later.

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Old 15-10-2021, 10:13 PM
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Default Thx for reply

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Originally Posted by Unregistered View Post
take the job, experience it and tell us later.
OK, my first month in the company is just finished.

People are smart here. but sometimes feel a bit lonely. WFH policy.
(Well, the feeling is more like working spy haha)
Not really meet any person yet. And can't really do the work-life balance.

Is more like get one person's pay, but doing 2-3 person duty.
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Old 17-10-2021, 01:08 AM
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Originally Posted by Unregistered View Post
OK, my first month in the company is just finished.

People are smart here. but sometimes feel a bit lonely. WFH policy.
(Well, the feeling is more like working spy haha)
Not really meet any person yet. And can't really do the work-life balance.

Is more like get one person's pay, but doing 2-3 person duty.
10k/month is definitely more than enough. By the way, are you a blockchain dev? What your job entails?
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