Singapore Expats

employing a mom of a foreign student (guardian) + income

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
Post Reply
User avatar
taxico
Director
Director
Posts: 3327
Joined: Sat, 10 May 2008 6:05 pm
Location: Existential dilemma!

employing a mom of a foreign student (guardian) + income

Post by taxico » Sat, 02 Oct 2010 10:33 pm

whao, didn't think i'd ever post in here, but here goes;

i am interested in partnering up with a non-singaporean woman to start a legitimate business. legally, she will be employed by me but we will be to splitting the overheads and profits.

she is the mother of 2 children who are studying in singapore and is currently here on a long term pass. come next march, it will be her second year. she plans to stay here for another 3-4 years and possibly enrol in a PhD program to fill her time.

she is NOT from a south east asian country/china, and has a bachelor and master's degree + relevant work experience.

i intend to bank on her know-how and we plan to continue working together even AFTER she heads back home when her kids are done with school here.

i understand from the MOM website that she is eligible to work after her second year in singapore as the mother of a foreign student.

Q1:

given the current immigration situation in singapore, would it be easier to apply for a work permit (i assume this is attached to her long term pass) OR should i be applying for some other type of pass for her?

her monthly pay is not high; about $1,000-$$1,250 basic salary (which means a WP would suffice - i think!), but her commissions alone would run $50-55k for a year, excluding her share of the profits which will be about another $50-65k.

now, i should probably be asking an accountant or lawyer... but what the heck - Q2:

as her employer, would i have any liabilities if she DOES NOT declare her income?

the problem stems from the fact that there is little to no paper/money trail in our business - strictly cash only or an occasional international TT. our non-singaporean clients also do not require an invoice/receipt.

as such, this allows for some rather creative accounting techniques... it would appear from our discussions that she would be declaring very little of what she earns to the singapore government.

i am unsure how she will use or what she will do with her money and i don't want to ask too much either so as to not rock the boat. BUT we both know she needs me as much as i need her for the business to work - so i CAN AND WILL apply the squeeze where/when necessary.

i just wanna make sure i'm in the clear.

as i'm new to being self-employed... all helpful suggestions are welcome!
Aut viam ad caelum inveniam aut faciam

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “PR, Citizenship, Passes & Visas for Foreigners”

Who is online

Users browsing this forum: No registered users and 30 guests