You have just 'started' a company? Therefore, you have registered a pte ltd with a nominee director? You cannot start your own sole proprietorship... one can only hope you are not running afoul of the law.pbid wrote:Hi,
I just started a IT company in Singapore and I am not a Singaporean/PR.
Looking forward to meet some one in the same boat like me or who can provide their experiences.
Looking forward to make some friends.
Best Regards,
pbid
Most definitely not.nutnut wrote:I beg to differ, you can start a Sole proprietorship on a PEP.
If you do not have an EP with your pte ltd, and you are resident in Singapore you cannot run your company. Period. End. And, in my opinion, given the level of questions you are asking, you will not be granted an EP.pbid wrote:Yeah. Obviously I have started pte.ltd with a nominee director services. No faul play here.
What I am looking for is not actually how to open a company, etc.
I am more or like interested to discuss issues related to for example,
- cost of running business
- what are costs involved in recruiting resources esp. programmer, auditor etc
- best places to rent office
Would be great to hear from your experiences.
Best,
Thanks for clarification, I have mis-information.Strong Eagle wrote:Most definitely not.nutnut wrote:I beg to differ, you can start a Sole proprietorship on a PEP.
http://www.mom.gov.sg/foreign-manpower/ ... fault.aspx
* The following groups of foreigners are not eligible for the PEP:
(i) foreigners who are issued with an Employment Pass under the Sponsorship scheme. Under this scheme, their direct employers are overseas companies which do not have a Singapore-registered office/business entity;
(ii) foreigners who are working or intending to work on a free-lance basis without any direct employers in Singapore;
(iii) foreigners who are listed as Sole Proprietors, Partners or Directors in a business/company registered with ACRA and are shareholders of that business/company.
(iv) foreigners working as journalists, editors, sub-editors and producers.
The gahmen most definitely doesn't want you to use a PEP as a way to start your own business.
You fail to recognize good advice. To start a business in Singapore, you are required to file for and meet the requirements of the Entrepass. You can certainly hold 100 percent of the shares of a company but if you think that will automatically give you an EP, you are sorely mistaken.pbid wrote:@Strong Eagle: Why not? A foreigner can hold 100% shares of pte.ltd. My EP is already in the progress.
Unfortunately I get an impression that you guys are more interested to advice me for the things that I am not looking for.
Is anybody here in this forum who recently started their IT business in Singapore?
Jesus kin christ. There are none as blind as those who do not wish to see!pbid wrote:@Strong Eagle: Why not? A foreigner can hold 100% shares of pte.ltd. My EP is already in the progress.
Unfortunately I get an impression that you guys are more interested to advice me for the things that I am not looking for.
Is anybody here in this forum who recently started their IT business in Singapore?
pbid wrote:Yeah. Obviously I have started pte.ltd with a nominee director services. No faul play here.
What I am looking for is not actually how to open a company, etc.
I am more or like interested to discuss issues related to for example,
- cost of running business
- what are costs involved in recruiting resources esp. programmer, auditor etc
- best places to rent office
Would be great to hear from your experiences.
Best,
Hi pbid,pbid wrote: I am more or like interested to discuss issues related to for example,
- cost of running business
- what are costs involved in recruiting resources esp. programmer, auditor etc
- best places to rent office
Would be great to hear from your experiences.
Best,
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