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Source(s) of information for ex-pat Director packages?

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Seldom Here
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Source(s) of information for ex-pat Director packages?

Postby Seldom Here » Fri, 07 Nov 2008 6:38 pm

I am in a strange position where I have been asked to research and propose my own package for a new role in Singapore.

I have spend many, many hours trawling through this (and other) forum absorbing all the information I can about re-locating to Singapore, the nature of ex-pat packages and general salary advice.

I am still struggling to find many references to Director level packages. Most "google" searches return recruitment advertisements and the package is simply listed as 'excellent' or 'competitive' which is no help to me at all as a benchmark.

Can anyone advise on typical ex-pat Director level packages (not salaries) in Singapore?

e.g. does it typically contain:

Housing allowance?
D&O Liability Insurance?
LTIP?
STBP?
Stock options?
Other?

This will be my first directorship, hence my need to understand it in more detail.

I am engaging with a payroll and tax specialist in Singapore shortly, but wanted some idea of what to discuss.

Many thanks.

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sierra2469alpha
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Location: Singapore (Finally!)

Postby sierra2469alpha » Fri, 07 Nov 2008 6:52 pm

Hi Seldom and welcome to the forums.

Your situation sounds very similar to ours Unfortunately, it really is a matter of going out and doing the research. We did a whole business plan for five key geographic locations, and it was pretty full-on.

There are some great people here who no doubt will be able to point you in some right direction also!

If you could give us all some further info on whether your company is established here, the various expectations etc. I appreciate much of that will be commercial in confidence, but if you can let us know as much as you can then I'll can certainly try and help.

HTH

Seldom Here
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Postby Seldom Here » Fri, 07 Nov 2008 7:24 pm

The corporation has existing clients in the Asia-Pacific region, however we have never had a physical office in region and relied on flying people over when required for a week or two at a time.

The main remit of the role is to perform regional Business Development for the corporation. We have looked at the various options for opening a company in Singapore and whilst opening a limited company seems overkill to begin with, it provides us the opportunity to expand as we need and also provides liability separation from the main corporation.

Other functions of the business will be supported remotely from our other international offices initially.

I am still compiling the business plan for 2009, but expectations are that we will have a significant pipeline of new clients signing up by end Q2 and have budgeted for additional headcount in Q4.

I am sorry if this is a little vague, but as you mention, it is commercially sensitive at this point in time.


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