PEP holder investing in startup

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RipVanWinkle: Newbie; Posts: 1; Joined: Fri, 29 Jun 2012 7:22 pm

PEP holder investing in startup

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Post by RipVanWinkle » Fri, 29 Jun 2012 7:34 pm

Hi

I am a PEP holder, working for a foreign bank. I am thinking of investing in a friend's startup (eg: 30% stake). This will be a mostly a passive investment, with occasional advice and help.

I have read that PEP's are not allowed to do entrepreneurial activity. Will the above be a problem? What if the company is not registered in Singapore?

Thanks in advance.

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