My goal is to start a food & beverage company in Singapore with my friend who is a Singaporean citizen.
I am a qualified Chartered Accountant from Australia and based on the MoM Self Assessment Tool, it looks like I am likely to be eligible for an Employment Pass in Singapore.
Since the requirements for the EntrePass are quite demanding nowadays, I was wondering if my Singaporean friend can incorporate our company, I then work for that company with my Employment Pass, and then we issue more shares in the company to me, so that we both end up with 50% ownership each.
I will be the finance director of the company and also will help with operations in the beginning while we set up the retail store and ensure all is running smoothly before we open our second store.
Any advice greatly appreciated! Thankyou!