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Unsure between Employment Pass and EntrePass, please help!

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
generikz
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Unsure between Employment Pass and EntrePass, please help!

Postby generikz » Thu, 29 Oct 2009 8:41 am

Hello!

First post here but I think this is the place where I can get some help to make sure my arrival in Singapore and visa application will go smoothly.

Quick summary:

I am a French national (MsC/MBA) that just got hired as a subcontractor by a US firm (LLC, not a corporation) to come to Singapore and open a local private company for them under my supervision. They have no presence in Singapore. This should later become a subsidiary when the US structure is turned into an corporation.

So, technically, I am not hired by a Singapore corporation and will be paid fixed hourly wages (on a fixed amount of time) + housing/health/utilities/etc. compensations above the S$7,000 cut line. $1 paid-in capital, 100% foreign owned structure would be the best for us.

Is it enough to be eligible the EP P1? (I can pass the online test easily at the MOM). On the E/P application paper, they need the employer address/etc. all in Singapore format. Of course... there is no existing structure in Singapore (yet!) since the whole point of my job is to create one!

OR

EntrePass conditions were updated and hiring 2 local employee within the 1st year will be challenging. However we could be sponsored by the Singapore Stock Exchange for this type of visa and bring 70% capital from US and 30% capital from my own pocket.

I believe the EP would fit the situation a lot better (director setup'ing Singapore operations of a US LLC) but am still confused on the application documents and information found over internet.

Could someone confirm which visa (EP/EntrePass) would be the one needed in that case, and if anyone already encountered the same situation before?

Thanks in advance,
Julien

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jpatokal
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Postby jpatokal » Thu, 29 Oct 2009 1:38 pm

You should be looking into setting up a subsidiary, representative office or branch office, not an ordinary company. Start here:

http://www...com/Comparison-Branch ... ffice.html

(Note: don't take this as an endorsement of ., they're usually on the expensive side, but they do provide decent summaries and I presume your company is footing the bill anyway)
Vaguely heretical thoughts on travel technology at Gyrovague

generikz
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Postby generikz » Fri, 30 Oct 2009 3:12 am

jpatokal wrote:You should be looking into setting up a subsidiary, representative office or branch office, not an ordinary company.


Hello,

Thanks for your feedback. I had a similar feedback from "JANUS" as well and, given the price (S$3,050), we are considering this option a lot more now that the EntrePass conditions have been modified.

I guess the company's attorney will have a look at that and validate this decision.

., JANUS, Orchid Link... Any recommendation?

http://www.guidemesingapore.com/forms/i ... ?pkgid=fe2
http://www...com/Singapore-Company ... -Pass.html
http://www.orchid-link.com/services.html


Regards,
Julien

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Postby Strong Eagle » Fri, 30 Oct 2009 9:51 am

generikz wrote:., JANUS, Orchid Link... Any recommendation?


Any competent business attorney should be able to set you up. I make no specific recommendation of the firms below, just note that I have come across these two firms in other matters. You might call them and ask for their charges to get you fixed up and see if the quotes you got were competitive.

http://www.archilex.com.sg/

http://www.ccnalaw.com/


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