Singapore Expats Forum

EntrePass Employee Requirements

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.

Sponsored by:
Image
The Club Residences

Convolous
Newbie
Newbie
Posts: 4
Joined: Mon, 08 Jun 2009

EntrePass Employee Requirements

Postby Convolous » Sun, 10 Jul 2011 2:56 pm

Hi,

I have been on an employement pass in Singapore for almost 2 years now working for a large firm. I am planning on starting a web start-up in Singapore with some a Singapore locals as co-founders.

I have been looking at the EntrePass requirements outline at: http://www...com/immigration-work- ... neur-visa/

My main concern is the Total business spending ($100K) and two local employee requirements.

We have the $50K capital requirement, but that would be our funding for the entire year, not $100K.

Do the local co-founders count as "local employees"? Also we will be using a lot of local contracters.

Thanks for any help!
Toby

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 35495
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Sun, 10 Jul 2011 4:07 pm

Local employees will be employees that are on the CPF roles as full time staff that contribute to CPF. If the founders are willing to work & pay CPF as salaries, as opposed to drawing director's fees, then you might make it for the first year.

savestheday
Member
Member
Posts: 45
Joined: Sun, 16 May 2010
Location: London

Postby savestheday » Sun, 10 Jul 2011 8:01 pm

There are rules/guidelines but they will take it on a case-by-case scenario.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Relocating, Moving to Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest