Singapore Expats Forum

"Well-established" criterion for applying for EP?

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

"Well-established" criterion for applying for EP?

Postby jpatokal » Sun, 01 Jun 2008 1:03 am

My one-man consultancy may soon find itself in the position of hiring its first full-time employee, and I already know who -- but he needs an EP. MOM's website states:

- The applicant must be sponsored by a well-established Singapore-registered company, normally the applicant's employer.


Any idea how "well-established" is interpreted? My Pte Ltd has been up and running two years now. I've posted only one set of financial results to ACRA, but they were pretty healthy, and the paperwork for the second FY will be out soon.

My plan is to do the paperwork for the EP, contracts etc myself, but if forum members can recommend someone who could advise on the tax/legal aspects of how to eg. best structure heavily commission-based compensation, I'd appreciate it.
Vaguely heretical thoughts on travel technology at Gyrovague

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10412
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Sun, 01 Jun 2008 8:15 am

I think you'll have no problem. My company (private limited) was formed in June, 2004 and we spnsored EP's less than 6 months later without issue.

I think the 'well established' clause is in there to weed out those who would avoid filing for an Entrepass by forming a company and then filing for an EP with no plan, no record, no nothing. This clearly aint you.

Applying for an EP is truly a piece of cake. We paid to have a series of contracts drawn up (employment, work for hire, master services agreement, etc). I am glad we spent this money. An attorney out of HK, known to us for many years. Email or PM me for his contact info.

User avatar
ksl
Governor
Governor
Posts: 6005
Joined: Mon, 19 Jul 2004
Location: Singapore
Contact:

Postby ksl » Sun, 01 Jun 2008 3:44 pm

I am presently giving a contract to an Indian, that must show MOM, he has enough contracts in hand, for 3 months or 15k, to apply for a new employee on EP from India, he must convince them of the speciality of the guy, over the Singaporean, which doesn't seem to be a problem. The guy also wants his family over here, so the minimum i believe is 2500$ a month for the EP to be successful. That's all I can tell you at this time, until it's approved or not!

User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

Postby jpatokal » Mon, 02 Jun 2008 3:07 am

OK, thanks for the info. SE, you've got PM :cool:
Vaguely heretical thoughts on travel technology at Gyrovague


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest