Since you already have the process initiated, I'd see how it plays out before doing anything else. If an appeal is required, I'd look at how I could combine the two companies (through stock ownership or a buyout so that you could return with a combined P&L and balance sheet.StamfordBridge wrote:Thanks for your reply, Strong Eagle.
I registered my second PTE LTD company with ACRA in January 2009 and applied for renewal under my first company a couple of months later. At that time, I included a letter with my application stating that I had formed a second company with a comprehensive description. They renewed my pass without any mention of that second business, so I assumed they were OK with it.
I was actually aware that an EP holder should not operate a different business, but I was also told by a professional who deals with immigration matters that what really mattered to the MOM was me operating my orginal business primarily, in which case other businesses would just be looked at as add-ons.
The second company is a wholly owned private limited by me, though, and not by the first company. I made the MOM aware almost right away and they said nothing, and renewed my pass, so perhaps all I can do for now is to cross my fingers and hope that appeals in this country have a good success rate too...
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