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Form a new company and get an Employment Pass - difficult?

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morenangpinay
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Postby morenangpinay » Mon, 31 May 2010 2:56 am

if you have a local sponsor, you need to prove to the MOM that they need your expertise and that the local sponsor isnt enough. they will also assess your industry and if your business will be profitable in the country. Appealing is very difficult if you get rejected and stiwi's case is different from yours. So be open to other options in the future but goodluck!

bluenose
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Postby bluenose » Sun, 06 Jun 2010 5:41 pm

Hi,
I used . too and got an EP no problem....10,000 paid up capital, 7k month salary...all done and dusted!

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Postby sundaymorningstaple » Sun, 06 Jun 2010 7:11 pm

bluenose wrote:Hi,
I used . too and got an EP no problem....10,000 paid up capital, 7k month salary...all done and dusted!


Ah, but when? Has it been more than 9 months ago? There's the rub.

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Postby reliable1 » Sun, 06 Jun 2010 9:51 pm

Hi bluenose,

Did you get it in one shot? Or MOM asked you for more docs?

Rajiv

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Postby bluenose » Mon, 07 Jun 2010 1:23 pm

I got acceptance letter a couple of weeks ago and will pick it up in August as it suits me better to pick it up then.
No extra docs..... handled it really well...singapore efficiency at its best!
Now I need to get some work to justify it ;-)

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Postby sundaymorningstaple » Mon, 07 Jun 2010 2:42 pm

Interesting bit of news. It would seem that what they are saying and what they are actually doing is a bit different. That or they are taking each and every application on it's own merits. Which is good news I think, rather than the blanket set of rules they were pitching back in November.

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Postby Buci » Mon, 07 Jun 2010 9:55 pm

I reckon this topic should be edited as a post-it - just like the other one "register company and entrepass", as these are the two ways to get a working permit in Singapore.

Bluenose, can you give us more details on your application? (type of business, education background, years of experience in the industry, previous salary in similar job, date of application, date of approval, etc.)

I've just found out that you only need SGD1 to set up a Pte Ltd and I got fooled all the time being by the new regulations for EtrePass WP that says you need a minimum paid up capital of SGD 50K.

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Postby sundaymorningstaple » Mon, 07 Jun 2010 10:41 pm

Buci,

It wouldn't be wise to make a sticky out of this as there is nothing concrete or in writing. It haphazard at best and of no real use to anybody. You might apply and get rejected. One doesn't know why he got it (purely speculation) and one wouldn't know why he was rejected. Again purely speculation.

Not a good candidate for a sticky I don't think.

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Last edited by sundaymorningstaple on Tue, 08 Jun 2010 12:12 am, edited 1 time in total.

reliable1
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Postby reliable1 » Mon, 07 Jun 2010 11:05 pm

Yes sundaymorningstaple, I think you're right... there's nothing concrete on this matter. I have done a lot of research and spoken to many agencies who recommend this route (company formation + EP), but nothing core came out of it.

Looks like you gotta apply and MOM will approve/reject on a case by case basis. If they do reject, you find the reason for rejection and appeal your case with the new documents MOM asks for. These new docs could be client contracts for new company, employment contract, etc.

One thing that every agency did mention was this appealing process. They made it seem like that's normally the way its done. So, if your application is not too strong.. MOM rejects it. Many people give up at this stage. However, if you appeal and go back to them with the documents they ask for, chances are that you might get approved.

Well... that's what I learnt through all my research. I have formed my company and will be applying for EP later this week.

Wish me luck :)

Rajiv

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Postby ksl » Tue, 08 Jun 2010 2:02 am

I think you will find, that spring is only in charge of vetting the business plan of new start ups, and lay down the rules for entrepass applicants. For successful businesses already operating overseas, and moving to Singapore would be assessed on their own merits by spring.

It is highly unlikely a successful business would need monitoring by spring business consultants in the same way, though Spring is a government business enterprise, geared to employ their consultants and offer business grants and advice, they also need to be seen has a productive unit within its setup. networking with these people and attending seminars and workshops can e very rewarding for the less specialised skill sets. For example just because a person is a banker running his own business in IT products. Doesn't make him a skilled person in the IT field.

One can find many examples in Singapore of rich people, owning business or inheriting family business, who throw money at people who can produce for them in specialised areas, so the networking with the right people becomes important to make things happen.

MOM have no jurisdiction over the business, only employment passes, and this is where commonsense is used, in granting EP's to successful business owners, that can demonstrate survival, under government pressure.

Though these companies will be expected to perform growth opportunities, within a reasonable time frame with investment otherwise I would imagine that spring, may turn the screws, and remind them of their situation in Singapore.

I also think from a business point of view, that renewal procedures can e stressful enough, if only a year at a time is given. The business owner needs some sort of clarification of where he stands in Singapore, if he is expected to plan and invest in the future.

So reassurance is needed from Government that they will not e kicked out, because they didn't meet the criteria laid out in the entrepass and started business before the new criteria was implemented

Maybe some form of association is needed for foreign business representation.
Last edited by ksl on Tue, 22 Jun 2010 1:33 am, edited 1 time in total.

reliable1
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Postby reliable1 » Mon, 21 Jun 2010 8:58 pm

Hi everyone,

My EP application got approved :) Thought I should share this with everyone at the forum. So, I am live proof that the Company Incorporation + EP route does work if you have a strong case.

It took less than a month from the date of company incorporation.

Thanks to everyone in the forum who helped along the way..

Cheers!

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Postby ksl » Tue, 22 Jun 2010 1:37 am

reliable1 wrote:Hi everyone,

My EP application got approved :) Thought I should share this with everyone at the forum. So, I am live proof that the Company Incorporation + EP route does work if you have a strong case.

It took less than a month from the date of company incorporation.

Thanks to everyone in the forum who helped along the way..

Cheers!


Congratulations, you are now in the land of promise, can you let us know what kind of consultancy business?

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Postby reliable1 » Tue, 22 Jun 2010 1:50 am

Thanks ksl... It's Marketing consultancy.. specifically Internet Marketing.

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Postby Strong Eagle » Tue, 22 Jun 2010 7:44 am

reliable1 wrote:Thanks ksl... It's Marketing consultancy.. specifically Internet Marketing.


I think it might be safe to say that the gahmen is focused on tech, more specifically, SME tech that is forward looking.

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Postby ksl » Tue, 22 Jun 2010 12:41 pm

reliable1 wrote:Thanks ksl... It's Marketing consultancy.. specifically Internet Marketing.
Good, when you have time I would like a chat, just to understand the opportunities, I successfully branded products in 11 countries through the Internet, back in 2000-2004, so it maybe interesting to share some industry relevant information with regards to exposure, many avenues have changed since then.

I may need the service by December. if you could PM me your details when you have the time.

SE I think also they are very focussed on service industry too, especially tourism related and sales offices and international events, manufacturing doesn't make much sense, however we are involved in it, simply because we have the clients to service.


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