Thank you for your reply. I am aware of the risks. I have a plan B ready in case my application would be denied.Strong Eagle wrote:First of all, you should be aware that what you want to do may not be approved by the Singapore government, that is, you will never get the EP.
(...)
So... you might get an EP... and you might not... web startups are a dime a dozen... most fail... you'll have an uphill battle proving that yours is going to work.
Does she (or other CPAs) also offer services like nominee director, company secretary and registered address? I need those services for the first few months at least, so if the incorporation companies are the only ones offering those services, I guess I have no choice but using them, despite the premium.Strong Eagle wrote:The incorporation companies charge a premium for their services, and may or may not offer you a nominee director. You can find the same services for less money with any CPA... for example, my company accountant. She set my company up, handles all the directors resolutions, corporate reporting, annual meetings, etc, at a relatively modest cost.
The 'big' incorporation companies charge about $2000 a year for a nominee director.Strong Eagle wrote:A lot of CPA's "offer" a nominee director, including mine. Be prepared to pay $1500 upwards per year.
Yeah, I think the incorporation companies use heavy contracts between the nominee director and the 'real' director abroad. Also they require a deposit for as long as the nominee director is active. Anyway, I won't break any laws and I'm fine with any contract I'll have to sign to put as much responsibility on me as legally possible.Strong Eagle wrote:A nominee director has full director responsibilities under that law; that is to say, he/she would suffer the consequences of your acts if you act unethically or illegally.
Most CPA's in Singapore won't have the background you need to put a business plan together. And if, after having read my threads concerning the Entrepass and a business plan, you cannot put together your own business plan, you are probably doomed anyway. Save your money.New_Global_Trader wrote:Dear SE
Greetings.
Could you please message me the contact details of your CPA, so that I can ask if she could help me with a Entrepass Application?! Or if could you point me in the right direction where I could find a trustworthy CPA who can help me Entrepass Application?
Regards
There is no contract, none that would be binding anyway. Directors have fiduciary responsibilities in Singapore under company law. Actually, they can do any bloody thing they please as a nominee director. In reality, they act as the signatory for meetings, resolutions. Therefore, they are responsible for the accuracy of the company's activities and books.faber wrote:The 'big' incorporation companies charge about $2000 a year for a nominee director.Strong Eagle wrote:A lot of CPA's "offer" a nominee director, including mine. Be prepared to pay $1500 upwards per year.
It seems that those companies are more expensive in about everything, so why would I use once of those incorporation companies instead of a CPA??
Could you message me contact details of your CPA so I can ask if she could help me incorporate?! Or could you point me in the right direction where I could find a trustworthy CPA?
Yeah, I think the incorporation companies use heavy contracts between the nominee director and the 'real' director abroad. Also they require a deposit for as long as the nominee director is active. Anyway, I won't break any laws and I'm fine with any contract I'll have to sign to put as much responsibility on me as legally possible.Strong Eagle wrote:A nominee director has full director responsibilities under that law; that is to say, he/she would suffer the consequences of your acts if you act unethically or illegally.
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