This isn't your company. Someone else owns it and they hired you. This is an arm's length transaction and is completely different from you forming your own pte ltd, then attempting to work for it.
Consider: In this company there are already active citizens, PR's, or EP's who are in a role that would permit them to apply for a LOC for you.
Now, in theory, anyone can be a director of a company, including a LOC/LTVP. My experience through 15 years on this board is that if you are creating your own company, and you want to be the director, the gahmen will want you to stand with your own EP.
I can see why you asked this question, as the OP asked, " I am also a director of a company here (for many years ago)". My assumption was that if he were working actively for a company as a director, they'd keep him on EP and there would never be a need for a LTVP.
But, from the way the question was asked, it sounded a lot more like he had an essentially dormant company lying around. My assumption may have been mistaken.
BD-Hopeful wrote: ↑
Sun, 15 Sep 2019 6:03 pm
Hello @Strong Eagle,
I'm curious about your comments, so writing my own experience to share with everyone.
30 Male, Bangladeshi
Married SC (Chinese), PMLA Approved, Currently on LTVP
7 years of finance / consulting experience. Lived and studied in Europe before.
After moving to SG, I got an offer from PTE LTD company as a "Director" with active management responsibilities and they submitted LOC for me. It took 3+ weeks, but approved. Salary 10K+. Wife's Salary 5K+
So currently, I'm a Director on LTVP and LOC. Would you care to explain - is this an exception or new rules from ICA?