mikew wrote:PNGMK wrote:The hardest part will be working out and successfully obtaining a work or residency pass. What are your plans there?
Yes, this one may be difficult. Entrepass seems to be too big of an undertaking - I'd happily move my business to a Singapore entity if that was enough but the requirements for Entrepass are probably much too large.
So it may be that my wife (a teacher) can find some contracts to bail us out.
I have also heard of situations where parents are able to stay for extended periods of time in support of their children who are on student visas.
I wouldn't give up on registering your business in Singapore. Leaving aside the issues of residency and what you would do about having a "normally resident" Singapore director:
a) The requirements for an Entrepass have been substantially loosened from the past. Your own track record may qualify you for the pass.
https://www.mom.gov.sg/passes-and-permi ... ligibility
b) Even if you don't go that route, the gahmen is well aware that Entrepass rules have driven away many potential businesses, and as a result, they will look at traditionally setup pte ltd's for people who wouldn't otherwise qualify for an Entrepass. I can no longer find the email, and MoM responded to me that each case would be considered on its own merits. I've written on this subject a number of times, and what it takes to start a pte ltd and successfully apply for an EP.
As for residency, if you were planning on keeping a home in Singapore year round, then I believe you would qualify for tax residency and would qualify as being "normally resident" for your company.