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Starting an online business on EP

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KGS
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Starting an online business on EP

Post by KGS » Thu, 26 Jan 2012 3:05 pm

Hi, I have an EP and would also like to start a small online business. I would like to sell products that I design. Are there any restrictions on EP holders to start a business?

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BillyB
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Post by BillyB » Thu, 26 Jan 2012 3:10 pm

There are restrictions - you cannot start your own business on an EP. Your EP is tied to an employer.

http://www.mom.gov.sg/foreign-manpower/ ... fault.aspx

KGS
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Post by KGS » Thu, 26 Jan 2012 5:30 pm

Can I hold an EP and an Entrepass? Thanks!

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Strong Eagle
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Post by Strong Eagle » Thu, 26 Jan 2012 5:55 pm

KGS wrote:Can I hold an EP and an Entrepass? Thanks!
No. An Entrepass is just an EP issued to a fledgling start up company. Upon view, it is exactly identical to the EP document and documentation you hold now.

Besides, the online business you described would have a hard time qualifying for an Entrepass.

One option that might be open to you is to convert to a PEP and then ask MOM for permission to hold a second job. I've searched briefly for the thread here but did not find it. Essentially, you must get permission from your current employer, then petition MOM for the right to work the second job. There is at least one person who posted on this board that has successfully done it.

KGS
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Post by KGS » Thu, 26 Jan 2012 10:19 pm

What about a Sole Proprietorship? Can I apply for that?

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Strong Eagle
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Post by Strong Eagle » Thu, 26 Jan 2012 10:30 pm

KGS wrote:What about a Sole Proprietorship? Can I apply for that?
No. Not legally.

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