Or perhaps because of... there is probably strong anecdotal evidence that someone with your credentials won't stay for the long haul, especially because your wife is also PR.roger le goeland wrote:Jumping into the thread since it seems to be the most relevant one.
PR just got denied (despite 2 Oxbridge degrees, EU passport, 4 years in Singapore at P1 level income, etc. - maybe applying during the elections was a bad idea).
Quite legal. The simplest option for you and one I'd recommend if your company is willing to do it. Downside for your company is that it must do the invoicing, etc, and any amounts invoiced count against gross revenues but no impact on corporate tax if they pass 100 percent to you. They are nice folks if they are willing to do this for you without taking a cut.I'm working in IT and my employer is OK with me supplementing my income with consulting clients in APAC (since it makes my situation more stable and so me less likely to go find a job elsewhere). My wife is a Singapore PR. Thanks to reputation/experience/saying the right thing over drinks there are a few companies in the region willing to triple my income that way which is obviously quite tempting.
I have three options:
1. stay on EP, have employer bill new clients, have income "passed on" as bonus which AFAIK is legal (effectively they rent me out as a consultant)
Your problem with this idea is that a plain LTVP does not permit you to work and your role in your company as a director is considered to be working. It's a non-starter. A LTVP+ would permit you to do this but this pass is only available to spouses of Singapore citizens.2. apply for LTVP, once approved, open Pte Ltd as local director, use that for billing clients (including current employer)
You could probably do this. You will need to read my other threads (search my username) concerning your ability to convince MOM that you are not setting up a scammy business. Otherwise, you will be rejected.3. pay the "rent" to the various companies that do it for a local director, incorporate Pte Ltd that way, apply for EP on it, bill clients as per 2
Item 2 is non-operational... you cannot start your business nor be a director on a LTVP. You can be a shareholder but what does that get you?In the current climate, what is most optimal? By applying for the LTVP, am I risking the Pte Ltd not being openable? Are banks going to deny the bank account? I like the 2nd option best just because of the flexibility it allows me, including sub contracting without involving my employer in the payments, and pursuing a few startup projects on the side, but am worried about some of the earlier comments about LTVP holders finding it hard to open bank accounts and incorporate...
No statistics that I am aware of... just my view of the flow of thinking of the government as time has passed.roger le goeland wrote:At a risk of slightly hijacking the thread, what is the reasoning behind "spouse has PR" leading to "these two will probably leave the country"? Statistics?
Another good question. My sense is that the government has more or less decided that PR is the first step in a vetting process towards citizenship, so they are trying to control the "gate" that lets people move towards PR and citizenship by denying those who look like bad bets.roger le goeland wrote:Interesting insights. Why does Singapore care if some of the "high flying" PRs leave? That just makes room for more, after all the supply is limited by the country's demographic growth targets...
The Ban Hammer is about to fall in 5... 4... 3...sabbiewebbie wrote:I have been working in the corporate world for more than 10 years & I've always been looking forward to build something on the side. Especially when the economy outlook is gloomy. I've started my Travelpreneur journey... Now it would be my time to pay it forward & help anyone along. Feel free to chat me up.
Nosystengr wrote:I am seeking a job in Singapore not for salary but just photography huge collection in a year with minimum salary (food, accommodation, medical and transportation), any employer interest to hire me? and visa support.
Is it possible in Singapore? What Singapore Employment Lay Say?
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