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Sole Proprietorship with a DP - work for previous employer

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milila
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Sole Proprietorship with a DP - work for previous employer

Post by 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

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

Post by 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.

http://forum.singaporeexpats.com/viewtopic.php?t=75000

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

Post by 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!

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

Post by 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

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

Post by Strong Eagle » Wed, 11 Nov 2015 8:48 pm


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