If the French company has no presence in Singapore, and of equal importance, does not provide any goods and services in Singapore, then you can work remotely for that company without forming any kind of a legal entity in Singapore.Tw32 wrote:Need advice pls.
Husband on an EP, I'm on an EP but have a possibility for a dream job, working with SG clients for a company registered in France, they have no entity in Singapore. We live in Singapore.
Looks like getting an LOC on a DP would be tricky, especially as they have no office here.
The entrepass option also looks tricky and requires a cash outlay.
Can I set up a sole proprietorship, or similar, and the sub contract my services to the company in France? Is that costly/lengthy?
Any other options?
If you are working for clients in SG, then you are performing services for the company in Singapore and would need a legal entity to do so. That legal entity could be one that you set up and own, then contract your services to the French company, or the French company could setup their own wholly owned subsidiary and hire you to do the work.
You can forget about the Entrepass. Nothing that you have mentioned would qualify you for it and the conditions for renewal are onerous, to say the least.
My view (mostly from reading these various threads) is that DP/SP/LOC arrangement is becoming more difficult to get because it has been thoroughly abused. It's the low end, small potatoes kind of thing, and if you've read these threads, quite a few people have done this in order to take advantage of part time free lancing opportunities. I judge that too many people have applied for and received the LOC, then done nothing with it, or they have engaged in types of businesses that are normally reserved for locals, hair dressing or a nail salon, for example.
If you opt to go for the SP, it is quite cheap to register but you will need to prepare a proper business plan as I have detailed in many of my threads, if you expect to have success in convincing MoM to grant you a LOC.
Since you are working for a French company and can demonstrate a known pay structure of some sort, I'd opt for creating a private limited company, then using it to apply for your own EP. Again, it's only my view, and, I judge that there would be a larger chance of success were the French company to open the pte ltd and apply for the EP for you. If you opt to open your own pte ltd the burden of proof that you're not setting up a scam to get an EP rests with you. I've written many threads on the subject of the necessary documentation you must have in order to succeed.
Either way, the pte ltd costs about $300 to file with ACRA. Either way, you'll need an outside agent to register the company, become a temporary director, and apply for your EP so that you can take on directorship responsibilities. This will cost $600 to $3000 depending on whom is willing to do it.
And either way, make sure you put a proper business plan together... I've recently written about local idiot agents who think putting a $7,000 salary into an EP application is the magic potion to ensure success when the reality is that you must be able to support salaries and costs against revenues and cash on hand until break even.