Sole Proprietorship as Foreigner
Posted: Tue, 16 Jun 2015 1:49 pm
Hi all,
I am keen to start a Sole Proprietorship in Singapore as a foreigner who would reside in Singapore. My first question: is it possible to get an EP through Sole Proprietorship? If so which EP would this fall under?
According to ACRA website I "should" get MOM approval before registering for a business. When I called the MOM to clarify what approval means they said I should have a EP/DP pass or apply for an EntrePass. Beyond the fact that I do not meet the $50K requirement, the ACRA website and MOM says Sole Proprietorship is not valid on an Entrepass. So my question is what comes first the EP or the Sole Proprietorship registration?
Any insight would be a great help!
Thanks!
I am keen to start a Sole Proprietorship in Singapore as a foreigner who would reside in Singapore. My first question: is it possible to get an EP through Sole Proprietorship? If so which EP would this fall under?
According to ACRA website I "should" get MOM approval before registering for a business. When I called the MOM to clarify what approval means they said I should have a EP/DP pass or apply for an EntrePass. Beyond the fact that I do not meet the $50K requirement, the ACRA website and MOM says Sole Proprietorship is not valid on an Entrepass. So my question is what comes first the EP or the Sole Proprietorship registration?
Any insight would be a great help!
Thanks!