Hi all,
I recently relocated to Singapore on a DPass as my wife is permanently employed by a company here (both expats).
I plan to create a company so I can work as a freelance musician and tutor without being tied to one agency. I'm college trained and have been working in this field internationally for the past 15 years.
So far I've completed the following for a Sole Proprietorship as I'll be self-employed with no staff:
1. Recieved DPass and registered with SingPass.gov.sg
2. Applied for Business Name with Bizfile.gov.sg
3. Registered Business Name and recieved UEN at Bizfile.gov.sg (according to the ACRA helpdesk the UEN and ACRA Registration Number are the same thing...)
4. Written my Business Plan including 3 letters of endorsement from prominent industry people.
5. Completed paperwork for EntrePass application through MoM.gov.sg
I'm now ready (I hope) to submit my EntrePass Application to MoM and have some final questions:
1. Can expats set up a sole proprietorship or does the company need to be LLC?
2. Will I need evidence of the 50k capital?
3. Do I still need a local sponsor?
Any other thoughts are greatly appreciated.
Thanks in advance