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Nominal Job plus Visa

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BlackRabbit
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Nominal Job plus Visa

Postby BlackRabbit » Tue, 21 Jul 2015 3:49 pm

Hello,

I am a financially independent Australian interested in returning to Singapore to live because my children live there with my ex-wife. I don't really need a Singapore-based job/income but I do need some kind of residency. Sadly Singapore gives a residency visa to mothers of foreign children at school there but not to fathers....

By background is in consulting (ex IBM, ex DBS Bank, ex 3 Major Australian Banks) with personal ventures into academic research, ship chartering, and journalism/writing. Mid 40's age bracket. Postgrad qualifications.

Any advice on buying or establishing some kind of holding company or existing business and maintaining a visa on pretty nominal business revenue?

Alternatively, suggestions about finding a local company that might facilitate a visa and the minimum salary requirements in return for modest capital injection and some pretty experienced and high-powered sweat equity on an occasional project basis? I am happy do so some work and committed work on occasional and interesting projects but don't want to make a career out of it.....

Any advice much appreciated...

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Strong Eagle
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Re: Nominal Job plus Visa

Postby Strong Eagle » Wed, 22 Jul 2015 10:41 pm

I had to think about this one for a while because what it comes down to is that you would like to know if there is a way to buy yourself into a residency permit.

If you are seriously independent (upwards of SGD 2.5 million available cash), you could apply for the Global Investor Programme - http://www.contactsingapore.sg/Library/ ... t%20EN.pdf

With respect to starting your own business, read my thread about the Entrepass in the Business forum, the threads about starting a business and the LOC, and search my threads for "business". My guess is that with a decent business plan, and the kind of experience and cash you have, you could probably win approval to create a private limited, obtain an EP through it, and thereby get the residency permit you want.

The problem is that if you are not earning enough through your company to pay salaries and expenses you will run into problems when it comes time for EP renewal... the kimono will be opened for all to see that your company is really just a ruse to get a residency permit.

Your third option is potentially viable. The big problem is finding the right company. If I were still running my project management company I might consider it. You need a relatively small company that has an inside into clients that would generate projects for which you qualify. And, you can't cost the company any money.

You could probably keep this arrangement running for a longer period of time as profits from other parts of the company activities would mask the fact that you are really being paid out of invested capital and are not bringing in revenue in excess of your expenses. But, it could work.

komatineni
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Re: Nominal Job plus Visa

Postby komatineni » Fri, 24 Jul 2015 7:42 am

I do not have the current information but couple of years ago one of my acquaintance (ex banking) moved to SG from UK to teach at SMU. Probably teaching on an adhoc basis may not be a bad idea given your solid experience. 2C.


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