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Local or Foreigner? Could someone answer me...Thanks

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blogurworld
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Local or Foreigner? Could someone answer me...Thanks

Postby blogurworld » Sat, 14 Feb 2009 1:39 pm

Hi..
First of all would like to wish you all Happy Valentine's day..
Last week I asked you guys 1 question..."Can a hawker center apply S pass?
For this question, I did received good advise and suggestion.
Today, I have one more question.
Currently I'm working here holding S pass. I'm planning to open small size restaurant partnering with Local S'porean.
There is now one question..Should I become partner to get business visa or should I ask Local guy to apply S pass for me?
I am not sure which process will be feasible to stay and work in Singapore. Actually, I want to be business partner and operate the business.
It will be very helpful if someone could advise me this..
Much appreciated..
Thanks

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Re: Local or Foreigner? Could someone answer me...Thanks

Postby ksl » Sun, 15 Feb 2009 10:49 pm

blogurworld wrote:Hi..
First of all would like to wish you all Happy Valentine's day..
Last week I asked you guys 1 question..."Can a hawker center apply S pass?
For this question, I did received good advise and suggestion.
Today, I have one more question.
Currently I'm working here holding S pass. I'm planning to open small size restaurant partnering with Local S'porean.
There is now one question..Should I become partner to get business visa or should I ask Local guy to apply S pass for me?
I am not sure which process will be feasible to stay and work in Singapore. Actually, I want to be business partner and operate the business.
It will be very helpful if someone could advise me this..
Much appreciated..
Thanks

You can apply for the entrepass and start a business, a local Singaporean must be appointed as a directror, this has been discussed many time on the forum, so i'm sure you can find the details. Also visit MOM website and read about the entrepass. Submitting the business plan will be the most difficult part for those with no idea of business. But help is out there :) if you read the threads

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Postby Strong Eagle » Mon, 16 Feb 2009 8:27 am

You will not be approved for an Entrepass to start a hawker centre business. They are specifically excluded as are massage parlors and a host of others.

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Postby blogurworld » Tue, 17 Feb 2009 10:51 am

Strong Eagle wrote:You will not be approved for an Entrepass to start a hawker centre business. They are specifically excluded as are massage parlors and a host of others.


Thanks guys for your reply
Yeah I understand that Entrepass will not be issued for a hawker center or massage center or a remmitance center. Now my question is, "Is there any limitation of amount should I invest as a foreigner"? Can't I become partner and apply for business visa?
If open small 20 seater restaurant, is it possible to get Entrepass?
Many thanks..

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Postby blogurworld » Wed, 18 Feb 2009 10:54 am

Guys
Waiting for reply...
Many thanks!

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Postby Strong Eagle » Wed, 18 Feb 2009 8:50 pm

There is no such thing as a 'business visa' that lets you earn a living in Singapore. You either get an employment pass or an entrepass or you do not work.

If you invest in a hawker centre business I have no idea what MOM would actually do but if I were them I would see this as a way to get around the rules and your employment pass might be denied.

OTOH, investing money in Singapore is a good thing so maybe it would work. You'll never know until you do it. But, I'd guess that you would need to invest $30K and up for this to work... just a guess.

You probably could get an entrepass to open a restaurant because you would be investing money and hiring locals into jobs. This is tough, though... I know of a person that did this and meeting permit requirements and bureaucracy nearly bankrupted his start up.

As a side note, I can think of many things that sound more attractive as an investment than a hawker centre.

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Postby blogurworld » Wed, 18 Feb 2009 10:19 pm

Thanks Strong Eagle for your valuable advise. Few more question regarding this issue.

Strong Eagle wrote:There is no such thing as a 'business visa' that lets you earn a living in Singapore. You either get an employment pass or an entrepass or you do not work.

To get an entrepass what is the amount I need to spend?

If you invest in a hawker centre business I have no idea what MOM would actually do but if I were them I would see this as a way to get around the rules and your employment pass might be denied.

If I open small scaled restaurant, better than hawker center, is there any amount to invest to get pass?


OTOH, investing money in Singapore is a good thing so maybe it would work. You'll never know until you do it. But, I'd guess that you would need to invest $30K and up for this to work... just a guess.

You probably could get an entrepass to open a restaurant because you would be investing money and hiring locals into jobs. This is tough, though... I know of a person that did this and meeting permit requirements and bureaucracy nearly bankrupted his start up.

Thanks for early warnings!

As a side note, I can think of many things that sound more attractive as an investment than a hawker centre.


Lastly, what kind of investment? Opening up a restaurant consider as investment?

Once again many thanks..

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Postby raymondtsg » Sun, 22 Feb 2009 9:03 pm

Partner a Singaporean. If your ultimate aim is to be a PR. Alternatively, sink SGD2 million into Singapore, of which 1 million can be in a property (if memory serves me correctly).

By the way, if one obtain's a hawker's license, one is supposed to run it himself or with one's own family members. So WP, S Passes are definitely out.

You also cannot do massage, coffee shop, fortune telling, feng shui type of businesses too.

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Postby KokyP » Mon, 21 Jan 2013 7:00 am

Dear Blogurworld,

I know this post is many years late, but I found your thread while searching for information on Entrepass and starting a restaurant in Singapore. I am curious, how did everything go for you? Did you end up going the Entrepass route? I hope all is well and that you have fulfilled your dream there.

Thanks,
KokyP

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Postby sundaymorningstaple » Mon, 21 Jan 2013 7:10 am

KokyP wrote:Dear Blogurworld,

I know this post is many years late, but I found your thread while searching for information on Entrepass and starting a restaurant in Singapore. I am curious, how did everything go for you? Did you end up going the Entrepass route? I hope all is well and that you have fulfilled your dream there.

Thanks,
KokyP


Do you reckon he's still around? it's been four years and those are the types who get what they want and disappear off the radar forever. All I'm saying is don't hold your breath waiting for an answer.

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Postby KokyP » Tue, 22 Jan 2013 6:13 am

I know it's a stretch but thought I would give it a try....though I won't hold my breath like you mentioned. Thanks!

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Postby Strong Eagle » Tue, 22 Jan 2013 7:35 am

KokyP wrote:Dear Blogurworld,

I know this post is many years late, but I found your thread while searching for information on Entrepass and starting a restaurant in Singapore. I am curious, how did everything go for you? Did you end up going the Entrepass route? I hope all is well and that you have fulfilled your dream there.

Thanks,
KokyP


You can start a RESTAURANT with an Entrepass... you know... tables, menu, waitstaff, cooks, cleaners. That is a lot different than a hawker center.

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Postby robotcake » Thu, 24 Jan 2013 12:08 pm

But a restaurant also has high operating costs too..Hawker centre would be much more affordable especially if you don't have a lot of start up capital.
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Postby Strong Eagle » Thu, 24 Jan 2013 12:24 pm

robotcake wrote:But a restaurant also has high operating costs too..Hawker centre would be much more affordable especially if you don't have a lot of start up capital.


Let me try this with words of one syllable (oops, that's three). You can start a restaurant with an Entrepass (two syllables). You can't start a hawker center (dang - two, 2 syllable words).


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