Singapore Expats Forum

Worst case scenario - No EP

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
johnleung23
Newbie
Newbie
Posts: 8
Joined: Wed, 30 Jul 2008

Worst case scenario - No EP

Postby johnleung23 » Thu, 31 Jul 2008 10:00 am

Hi,

I have a list of backup plans in order to get myself an EP for a new company in Singapore. However, I want to know what I can do in the worst case that I don't secure an EP.

I understand that I can still do business in Singapore but that it's just a pain. Suppose I am opening a retail outlet with employees, can I actively manage the store and make visa runs? Are these just social visit visas or business visas?

I wan't able to find a thread on this so if anyone can point me in the right direction it would be much appreciated.

-j

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10413
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Thu, 31 Jul 2008 1:07 pm

Basically, without an EP of some sort you are up the creek. You cannot rent a place to stay (except a Serviced Apartment) without the legal right to be here. I am pretty sure you could not rent retail space without the legal right to be here.

You could open a personal bank account at some banks with only a passport and a letter of recommendation but you could not open a business account to deposit checks and pay expenses without having a registered company or business at ACRA (and all forms of companies have a requirement of at least an employment pass).

You cannot work on a social visit pass which is what you get when you come in. You cannot earn income in Singapore if you are on a business visa. Visa runs will work for a while but you may eventually may be denied re-entry if the immigration officer decides you are scamming the system.

So, you need the EP of some flavor. Me? I'd go the Entrepass route

http://www.singaporeexpats.com/forum/ftopic38927.html

but also see this thread.

http://www.singaporeexpats.com/forum/ftopic50819.html

Cheers

Winxkid
Chatter
Chatter
Posts: 195
Joined: Wed, 11 Apr 2007

Postby Winxkid » Sat, 13 Sep 2008 3:50 am

Register Your company as LLP

Only 1 local Manager required.
:D

Simple, and economical. With limited liability.
petsgdirectory.blogspot.com


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 2 guests