annapoll wrote: ↑Thu, 13 Aug 2020 11:49 am
Hello
I have browsed various threads on working on DP for a foreign entity and would like to know your personal experience. I am on DP and have an opportunity to consult for a US-based company. While people here have advised that SP is not an option, the ACRA website
https://www.acra.gov.sg/how-to-guides/s ... -singapore says that 'Foreigners who are currently residing in Singapore must seek approval from the Ministry of Manpower before registering a sole proprietorship or a partnership.' Has anyone here done this? Also, if I have to open a private limited company, can my spouse (EP holder) be the local director of the plc. Does anyone know how long it takes to open a plc.
Thanks in advance
If your US based company has no legal or physical presence in Singapore and/or the US based company does not provide any goods or services in Singapore, then you can work for this company remotely without requiring any kind of a work permit. If all of the above is not true, then you must have a work permit from the local entity.
You must file taxes on the income you earn. As a private consultant, you will be paid in your name only. Therefore you will file your taxes as an unregistered sole proprietorship. From the ACRA website:
Exemptions from registration
Your business is exempted from registration if:
You choose to conduct business using your full name as reflected in your NRIC.
The rule about requiring MoM approval is to stop DP's and others from forming a business that operates in Singapore.
Your husband, as an EP, can in no way be a director of any company except the one that issued his EP. Period. End. You could be the director, though, and get your own EP. However, forming a company in Singapore so that you can work for it, so that you can work remotely, is not necessary.
