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doing business international business online with ep

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-jt-
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doing business international business online with ep

Postby -jt- » Mon, 11 Jul 2011 12:32 am

i have a friend with this issue
like lets say a foreigner with an employee pass which is restricted to not work in singapore right.
but he wants to setup a blog that earns ad money and also might take subscriptions to earn more money. he resides in singapore but the blog is really international.

is this legal or a gray area? are online businesses restricted for employment pass residents? any taxable implications as well?

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Re: doing business international business online with ep

Postby Mad Scientist » Mon, 11 Jul 2011 5:01 am

-jt- wrote:i have a friend with this issue
like lets say a foreigner with an employee pass which is restricted to not work in singapore right.
but he wants to setup a blog that earns ad money and also might take subscriptions to earn more money. he resides in singapore but the blog is really international.

is this legal or a gray area? are online businesses restricted for employment pass residents? any taxable implications as well?


Let's say your friend is working here with an EP and let's say he is doing this blogging thing and let's say he got caught due to the frequencies of remittance into his bank account which he cannot explained in explicit details how he acquires this money to IRAS and MHA. BTW an amount of more than $30K in a single transaction or accumulated may be required to show proof that the money is not meant for terrorist activities in SG
Let's say he was shown the door of Changi Airport for doing something illegal which is against MOM regulation
Let's say this happen, what do you think he will say ?? :shock:
Last edited by Mad Scientist on Mon, 11 Jul 2011 8:44 am, edited 1 time in total.
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Postby -jt- » Mon, 11 Jul 2011 8:43 am

got it. ill make sure to relay the information :D
so that means it also includes selling in flea markets, garage sales and selling stuff in classifieds?

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Postby sundaymorningstaple » Mon, 11 Jul 2011 9:41 am

-jt- wrote:got it. ill make sure to relay the information :D
so that means it also includes selling in flea markets, garage sales and selling stuff in classifieds?


Selling in Flea markets would be classified as a business. A one off garage sale of personal items or selling couple of personal items in the classified would not be, unless you are in the business of buying and reselling items or organizing garage sales for a cut of the profits. Again, most would be the perceived intent. If you are not leaving Singapore, then a garage sale or constant advertising of items would be a sure give-away that you are in the business of.....

Also, while you are at it, ask him why must some expats always be trying to subvert the system, ultimately giving the rest a bad name and further restrictions. :-|

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Postby -jt- » Mon, 11 Jul 2011 10:12 am

thanks. sms very much appreciate that. will definitely hold his feet to the fire with this one hehehhe.

btw youve got pm with that thing about the other day..

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Postby sundaymorningstaple » Mon, 11 Jul 2011 11:05 am

-jt-

Saw it & understand where you are coming from. But I don't think it's the ultimate solution. But each to their own. Should you have different ideas later........

cheers.

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Another query

Postby mak143 » Mon, 17 Oct 2011 1:53 pm

SMS,
From your above postings I understand that any kind of ONLINE business needs an approval from SG authorities ACRA, MOM, etc. For my case, I am an EP holder and very soon will move on a DP (as my current job contract expires & my wife still working in SG). I'm planning to start a small ebay business which will deal in clothing items. Will such a business need an EntrePass? The entrepass criteria lists 50K as capital investment however I wont be earning 20% of that.

Any advice on this??

Thanks in advance,
Mak143.

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Postby sundaymorningstaple » Mon, 17 Oct 2011 2:25 pm

Mak,

There is a sticky regarding Entrepass and a number of other threads on dependent passes/online businesses where this has been discussed at length by others more versed in this than I. I more of an EP kind of guy, Strong Eagle, ksl, ukdesigner and some other's are more hands on there. Use the search function located just below the profile link at the upper right side of this page. I'm not fobbing you off, but trying to put you to those with more experience in that area.

sms

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Postby carteki » Mon, 17 Oct 2011 6:23 pm

**** DISCLAIMER - PLEASE DON'T QUOTE ME ****

I looked into this a while back as far as I can remember while people here on Work / Employment Passes are not allowed to earn other income, as long as it is incidental there doesn't seem to be too much of a problem. Running an Ebay shop however I think would be difficult to show that the income is incidental.

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Running a small online business selling organic products

Postby Reins » Mon, 06 Feb 2012 3:33 pm

Hi,
I would like to enquire if you know the complexity of running a small online business of reselling some organic products from the Philippines. My husband has an EP and currently I travel to Singapore as a visitor. What is the difficulty of setting up the business should I apply for a dependant visa as I believe with a tourist Visa i cannot be running any business. Thanks.

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Re: Running a small online business selling organic products

Postby Strong Eagle » Mon, 06 Feb 2012 4:18 pm

Reins wrote:Hi,
I would like to enquire if you know the complexity of running a small online business of reselling some organic products from the Philippines. My husband has an EP and currently I travel to Singapore as a visitor. What is the difficulty of setting up the business should I apply for a dependant visa as I believe with a tourist Visa i cannot be running any business. Thanks.


You would need to begin with a dependents pass. Read through the threads in the Career section about starting a business on a dependents pass.

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Re: Running a small online business selling organic products

Postby Reins » Mon, 06 Feb 2012 4:26 pm

Strong Eagle wrote:
Reins wrote:Hi,
I would like to enquire if you know the complexity of running a small online business of reselling some organic products from the Philippines. My husband has an EP and currently I travel to Singapore as a visitor. What is the difficulty of setting up the business should I apply for a dependant visa as I believe with a tourist Visa i cannot be running any business. Thanks.


You would need to begin with a dependents pass. Read through the threads in the Career section about starting a business on a dependents pass.


Will do. thanks.


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