I was pleasantly surprised to see my LVTP approved a few days after verification of the documents. Now job hunting and having some questions about the LOC.
Assuming I find an employer willing to hire me, is MOM making it easier to get a LOC rather than an EP? When working with LOC, are there some mandatory CPF contributions?
As noted by bgd, no CPF, just personal income tax.
There are no quotas, no fees, and no minimum salaries associated with working on a LOC, only the approval of MoM is required.
Having said that, it appears that a lot of employers still don't know that the LOC is available, while others will be somewhat skittish to hire you under a LOC because you can no longer work if the underlying LTVP were to go away.
Additionally, it seems as though MoM is watching much more carefully for types of jobs being applied for under the LOC. I don't think the original intention was to allow any foreigner to take a "reserved" or "prohibited" job, even though there are no restrictions, per se, on the LOC.
Thus, if you're applying for a LOC for a "real" job... skilled or professional... probably no issues in acquiring the LOC. If the company applying for you has had run-ins with MoM over hiring practices, or the job being offered isn't worthy of a LOC in MoM's eyes, probably lots of issues.