So... have you been approved??tomrs wrote:It all depends on the applicant. If you are a well qualified individual the easiest way is to form a company and then apply for EP. There are various factors so you have to do a self analysis before choosing the method.
Not everyone will get the approval if they go by this route( forming a company).
Yah... OK - but - have you got your AIP letter already?tomrs wrote:Your thinking is very narrow and don't think in one angle.
Business plan can be written by anyone and it doesn't have to necessarily mean it reflects your ideas completely. Many people will hire a business plan writer and mom will not approve if you have a good business plan alone it has various criteria to approve a entrepass/EP. If you have a good business plan doesn't prove you will be doing everything as per the business plan. To my knowledge a person's qualification is more important than a business plan.
Mom has some strict rules and regulations so it will not approve any application just like that. It will consider various factors before approving it doesn't matter if it is a entrepass/employment pass and even it will do some background check on you before approving.
One thing you must remember if you choose this method you cannot be the MD because as per singapore law one director must be a local director though you can own all the shares.sundaymorningstaple wrote:I gave him the short answer as he stated he has an approval letter (IPA). I don't think he's quite telling us everything as he may well own the company as the shareholder but he may not be the MD at this point in time (Could be his wife's company if she is local/PR). That would work.
You don't seem to have a very clear understanding of the process.tomrs wrote:Remember for every employment pass we are depositing 3000 SGD.
Have you ever wondered where this deposit goes?
If you are submitting a entrepass application you don't have to deposit the 3000 SGD and this makes sense don't you think.
If you have formed a company you would have paid the fees/tax and this goes to the Gov. Whereas if you apply for a entrepass there is no guarantee you will be forming a company.
Generally speaking no one will waste their time and money and forming a company will show that you are serious.
You have to think all the factors and don't be so narrow.
He reads the posts here like he apparently read the MOM website and applications forms.tomrs wrote:One thing you must remember if you choose this method you cannot be the MD because as per singapore law one director must be a local director though you can own all the shares.sundaymorningstaple wrote:I gave him the short answer as he stated he has an approval letter (IPA). I don't think he's quite telling us everything as he may well own the company as the shareholder but he may not be the MD at this point in time (Could be his wife's company if she is local/PR). That would work.
Bud... do you have your AIP or not?tomrs wrote:May be I was wrong about the banker's deposit but consider other factors.
One thing is very clear that you have taken the Entrepass route and had worked hard on your business plan and so you started thinking that Entrepass is the correct route. one thing I can say don't show your grievance against EP becoz those who follow the EP route doesn't necessarily mean they are inferior to you. It is not like that entrepass/EP are two different things and you cannot compare both.
If you are doing a business for more than 2 years in your own country and if you like to start it in singapore you can try Entrepass. If you are a individual and would like to start a new business in Singapore then Employment pass is the best option. My opinion is general and don't even underestimate Singapore gov. The people who work for mom are smarter than you and they would have seen thousands and thousands of application and they do know which is real and which is fake. No matter if it is EP/entrepass mom has qualified officers and they know how to approve a application.
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