Hi guys,
I looked through the current topics but I couldn't find any topic reflecting my situation. Please forgive me if my question has been discussed before.
Here it is:
I have co-founded a company and I am director of that company together with a local director.
When we set up the company, I was not residing in Singapore so there were no issues there.
I used to be EP, PEP and LTVP holder in the years prior to founding the company (although that's probably not relevant).
Subsequently I received a job offer in Singapore about 1 year ago, which I accepted and received an EP for that. Now I saw here: http://www.mom.gov.sg/faq/employment-pa ... er-company that EP holders can't be registered as directors without approval from MoM and my interpretation of the wording is that they would grant approval only for related companies or companies that are relevant to the primary occupation.
Now my directorship is unrelated to the company that gave me EP and it's not relevant to my EP occupation.
When I applied for the job, I disclosed my directorship and received written consent from my employer to continue the role as director of the company I co-founded.
MoM did not question my role as director, decline my EP or ask me to resign from my directorship.
The question now is, what should I do?
Obviously I would like to find a solution that does not endanger my EP or my directorship in the company.
Thanks in advance guys!