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starting part time work.

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
admin0
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starting part time work.

Postby admin0 » Sun, 31 Aug 2008 7:51 pm

Hi Guys,

I am here on an EP and one of my colleague and his friends want me to teach them Linux/UNIX system administration and they are going to pay me for this. My office has no objections to whatever is done outside of the office hours. So can I go ahead and teach them (or engage in this business) or I am not supposed to do anything else apart from what i do with my current company ? If I teach, do I need to do it in a personal basis or register a business.

Also, can my wife on a DP register (with ACRA) and run a business? she is
looking into opening up a restaurant.


Thanks,

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Postby Strong Eagle » Sun, 31 Aug 2008 9:15 pm

You cannot register a business because you are an EP. You need to do this all under the radar.

Your wife cannot register a business because she is a DP. She needs to apply for an Entrepass. If she is thinking about opening a franchise/other restaurant with a significant investment it should be straightforward... a mom and pop operation will not get approved.

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Postby admin0 » Mon, 01 Sep 2008 2:29 am

Thanks Strong Eagle for clearing it up.

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Postby sngsingapore » Tue, 02 Sep 2008 11:24 am

I believe you can register a business if one is on a DP. But the problem is getting the letter of consent to work for one's own business...this is what I am struggling with right now. I registered a consulting business on DP status but my Letter of Consent was turned down. So technically, I could hire people to work for me but can't work myself!

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Postby Strong Eagle » Tue, 02 Sep 2008 12:42 pm

sngsingapore wrote:I believe you can register a business if one is on a DP. But the problem is getting the letter of consent to work for one's own business...this is what I am struggling with right now. I registered a consulting business on DP status but my Letter of Consent was turned down. So technically, I could hire people to work for me but can't work myself!


According to ACRA you should not have been able to register a business at all. You need and EP/Entrepass to do so. 'Business' in this context means a sole proprietorship.

http://www.acra.gov.sg/Services/Busines ... siness.htm

Little wonder your Letter of Consent was turned down.

However, it would appear you could register a private limited company and serve as its sole director. Interesting... a possible route for many trailing spouses.

http://www.acra.gov.sg/Services/Company ... ditors.htm

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Postby admin0 » Wed, 03 Sep 2008 4:42 pm

Hi,

One thing is strange to me. I have a friend who has a pte ltd here and has a bank a/c with citibank, but he is not in Singapore. It was done via .. He is able to do business here.

So how come a DP/EP here cannot while anyone else outside can ?

:confused:


Thanks,

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Postby Strong Eagle » Thu, 04 Sep 2008 8:29 am

admin0 wrote:Hi,

One thing is strange to me. I have a friend who has a pte ltd here and has a bank a/c with citibank, but he is not in Singapore. It was done via .. He is able to do business here.

So how come a DP/EP here cannot while anyone else outside can ?

:confused:


Thanks,


You have to have at least one local director and a secretary who are Singaporean, EP, or PR. The shareholders can be any nationality. A company like Rivkin accepts a fee to provide a nominee directory, secretarial services, and a registered address. Your friend cannot work here, collect a salary here, etc, and technically, cannot even direct the operations of the company. However, nominee directors usually furnish undated, pre-signed letters of resignation to protect you but these directors really are liable under Singapore law for the operation of the company.


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