ACRA - A dependent pass holder can be eligible to setup a business.Strong Eagle wrote:Can a person legally in Singapore on a Dependents Pass register a business as a sole proprietorship and then run that business actively?
Strong Eagle wrote:Can a person on a Dependents pass form a private limited company as a sole director and with the intent to actively manage? Thank you.
But I guess ACRA is using a different set of meanings for the term foreigner. It still would seem in this case that a Dependent Pass holder would still need to use the Entre Pass scheme. That is, unless they don't consider Dependent Pass holders as foreigners?* At least one shareholder
* Any person above the age of 18 years
* At least one director ordinarily resident in Singapore
* If a foreigner wishes to act as a local director of the company, he can apply for an Employment Pass from the Work Pass Division of the Ministry of Manpower under the Entre Pass scheme
I have written to MOM requesting clarification of the DP/EP/Entrepass issue.ksl wrote:When i enquired about setting up a business freelancing on dependant pass, with MOM, they just told me to register with Acra and I had 6 months to comply, in that time limit, i was expected to submit the business plan, simply because you are not resident until you have stayed over the 183 day period.
A dependant pass holder can start their own business, although i believe you will find it's a formality, that you convert to entre pass when your business plan is submitted....it may be rejected if it doesn't follow the criteria....but you still wouldn't lose your dependant status until it was converted to entrepass.
Income earned outside of Singapore is tax free and a carrot to recruit the wealthy to Singapore, that have operational business in their home Countries.
Yes, you can hire other employees, subject to all normal rules and regulations.CrystalWater wrote:Strong Eagle... Firstly, i wld like to say a big thanks for your informative posts.. I have spent the last week reading them trying to work out my situation as I have been given conflicting advice.
I am on a dependants pass (hubby on a PEP), which if I understand correctly, i am able to set up a company.
Would you be able to help me with the following queries...
* if i setup a company, could i eventually hire other employees to work with me (locals and/or expats?) I just thought being on a dependants pass I would not have the authority to do so ??
* cld that mean that if my business took off, I could one day hire my husband to work for me (as he is on a PEP, not EP)
Thank u!!
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