Strong Eagle wrote:
prana wrote:I am Singaporean but I believe you can register a company (as a non citizen) and get the necessary visa under the umbrella of your business. Google ACRA or Bizfile.
It is easy to register a sole proprietorship (I did) Then as long as you file taxes etc you can work from home. I use my home as the official work address. My work takes me all over the world so I don't really "work" in Singapore.
Of course there are certain conditions e.g. they might need to see some proof of assets. Otherwise everyone wishing to come live in Singapore can just cough up a few quid, register a business and voila.
Wrong. Only a citizen, PR, or DP can register a business or company.
Lets look at the original dispute!
Yes in my haste to post I did write DP holder, it should have been Employment pass holder can register a business and also LTVSP holder can also register a business residing in Singapore, wether they get an entrée pass is not my concern, my concern was that you didn't include EP and LTVSP holders and i was 100% sure, at the time of posting, that they could register a business.
The LTVSP holder can also get employment pass to start work, or register a business while also residing in Singapore too and apply for the entrepass, if he wants. There are no restrictions on anyone registering a business, they would convert to Entrepass or Employment Pass, on a successful application for there business.
Only a citizen, PR, or DP can register a business or company
Now I'm out of here!
But what you left out is that they cannot be active participants in the business without getting an Entrepass. Did you not ask that question? An LTSVP holder must appoint a qualified Singapore resident to run the business. Did you not confirm this?
Yes i did confirm it, the LTVSP holder just registers through ACRA first because the LTVSP was awarded by ICA and has nothing to do with MOM, he then submits his business plan, for approval and will be given the entre pass, if its approved, while he resides in Singapore, he doesn't have to leave the Country, while awaiting approval, and if rejected they can appeal.
Both EP and LTVP would have to submit the business plan, the LTVP holder can be active in the business, but he would change to entre pass. The EP holder remains on EP, until such time he becomes active in the business, he can eventually apply to employed by the business, when his contract runs out, with the present employer. Although all applications are treated case by case.
The EP holder would remain on EP because he would only be a shareholder or sleeping partner, by appointing a Singaporean to run it, again a business plan is required and approval from MOM. The business must not interfere with his employment contract..