Singapore Expats Forum

Sole Proprietorship with a DP - work for previous employer

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
milila
Newbie
Newbie
Posts: 2
Joined: Sat, 26 Sep 2015

Sole Proprietorship with a DP - work for previous employer

Postby milila » Sat, 26 Sep 2015 11:22 pm

Hello,

I am writing in regards of setting up my own business in Singapore – I recently moved to Singapore and I am on a Dependant Pass; my former employer in Europe would like me to keep working for them. Following the advice of several people and also reading some posts in the forum, I recently incorporated a sole proprietorship and obtained a registration number.

On the website www.entersingaporebusiness.info I read the following:

“Dependant Pass Holders may apply for a Letter of Consent to work for their own company once they can provide the ACRA profile of their sole proprietorship. You need to include a letter authorizing yourself to hire yourself on behalf of your business. Don't forget to apply your corporate stamp.”

Since I am only working with a foreign client, do I still need a LoC? As I have a registration number, shouldn't I be able to just invoice my employer in Europe, get paid here and pay taxes here?

If the LoC is absolutely mandatory, I was wondering where I can find the necessary forms for application, self-employment letter, corporate stamp and anything else needed.

Thank you very much in advance for your help!

Mihaela

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10414
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Re: Sole Proprietorship with a DP - work for previous employer

Postby Strong Eagle » Sun, 27 Sep 2015 12:35 am

a) A sole proprietorship is not a corporate entity. You simply register your business name with ACRA.

b) You need a LOC because you are operating a business in Singapore. You must be legally authorized to work. Doesn't matter who your clients are.

c) LOC application is available on MOM website. Write up your own simple letter. Read this thread for lots of information.

viewtopic.php?t=75000

milila
Newbie
Newbie
Posts: 2
Joined: Sat, 26 Sep 2015

Re: Sole Proprietorship with a DP - work for previous employer

Postby milila » Mon, 28 Sep 2015 8:01 am

Thanks StrongEagle!
I cannot find the link to the LoC forms tho... the MOM website keeps redirecting me to EPonline. Do you have the link by any chance?
Thanks again!

j_burt
Newbie
Newbie
Posts: 5
Joined: Mon, 09 Nov 2015

Re: Sole Proprietorship with a DP - work for previous employer

Postby j_burt » Wed, 11 Nov 2015 7:23 pm

Hi Milila

Do you find the LOC forms? If so, can you send me the link / details please.

Regards.

Jon



  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests