Rivkin's answers are mostly bullshit. For example, they say, "A Dependant’s Pass holder who holds a key appointment in any entity will not be entitled to a Letter of Consent" but clearly, quite a few people have formed a SP and got the LOC.minatomove wrote:Fantastic to hear Ready to get started!!
Came across it:
- LOC holders are not permitted to be named as directors and/or shareholders in any company.
http://www...com/faq/why-do-i-need-a-letter-of-consent-as-a-dp-holder/
- Dependant’s Pass holder who are the director and/or shareholder in any Singapore registered company are not allowed to apply for LOC.
http://www...com/faq/can-dependants-pass-holders-who-own-a-company-business-firms-llps-apply-for-a-letter-of-consent/
- LOC holders are permitted to be named as directors and/or shareholders in the company if MOM approval is granted.
http://www.3ecpa.com.sg/letter-of-conse ... s-holders/
It's clear that I cannot be named a director in a company I work in, but was unclear about an unrelated company. R----- was the only one that flat out stated this but perhaps I should have taken it with a pinch of salt - we used their services a few years back and were not overly impressed.
Thank you again Strong Eagle
Did the same thing and got no such call. Probably just depends on who looks at your application.RDD wrote: Just one point to add: since I don't have a company stamp yet, I had written N/A on the relevant space on the application form. 2 days after I posted my application, MOM called me to tell me they needed a company stamp. When I explained I didn't have one yet, they asked me to provide a signed statement on letterhead instead which declared that 1) I understood I would need a company stamp for the renewal of my LOC and 2) everything that I had said my application was true. Apart from that, I was shocked at how straight-forward and quick getting my LOC approved was.
Again, many thanks to everyone who has contributed to this forum.
jga14 wrote:Hello - my question may be obvious but I just want to clarify that The Sole Proprietorship with LOC is the way to go for my proposed work. I am an experienced English language teacher and want to confirm that if LOC is approved I can then work as a contract teacher for any Language School that would like to use my services. A couple of schools have offered to apply for LOC but there is no guarantee how much work they can provide and my own business will provide much more flexibility. Any information/advice welcome.
Excellent! And congratulations and thanks for following up with us.minatomove wrote:Wanted to follow up too - after following all of the very helpful advice here, I received my LOC 4 weeks to the day after posting it in.
Followed the recommendation from processdriven as well, and had a separate doc for Letter of Appointment, Job Description, Letter of Undertaking, etc. Also provided copies of registration with AVA and Customs (import business). In my cover letter, mentioned that would be paying myself a minimal salary of $100 a month initially until pending contracts come in, at which time it would be reviewed and adjusted.
Thanks again everyone for your invaluable help!
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