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Work for 2 businesses while on EP

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Arling
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Work for 2 businesses while on EP

Post by Arling » Sun, 15 Jul 2012 9:56 pm

Hello all,

I am part owner and a director of 2 Singapore resident companies.
I actively work in both businesses.
I am currently located outside of Singapore.

If I get an Employment Pass to relocate to Singapore via one
of these companies, could I continue to work and take salary
from the other as well ?
I suppose I could still act as Director and take Director's Fees (?)

thanks...

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Strong Eagle
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Post by Strong Eagle » Sun, 15 Jul 2012 10:57 pm

In general, NO. This question has been previously asked. Try a search and get back with more questions.

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togeorgemathew
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EP for multiple companies

Post by togeorgemathew » Fri, 20 Jul 2012 2:26 pm

If you can prove that both companies are part of the same group, permission for working under and receiving compensation from multiple companies can be received by making a case with the Ministry of Manpower.

sktale
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Post by sktale » Thu, 27 Sep 2012 4:05 pm

Hi,

Just a tweak to this scenario. Since, I own both the business, once I move to Singapore, is it possible that I am employed by only one. With regards to other company, I am just the share holder ( Notemployed)

That means, I have the Profits from both but Salaried income from only one. And I no more legally look under the operations of other.

In legal terms, employed at one, and investment/ share holder at other.


Thanks in advance for any advise :)

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Strong Eagle
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Post by Strong Eagle » Thu, 27 Sep 2012 4:08 pm

sktale wrote:Hi,

Just a tweak to this scenario. Since, I own both the business, once I move to Singapore, is it possible that I am employed by only one. With regards to other company, I am just the share holder ( Notemployed)

That means, I have the Profits from both but Salaried income from only one. And I no more legally look under the operations of other.

In legal terms, employed at one, and investment/ share holder at other.


Thanks in advance for any advise :)
As long as you have a real managing director for the business in which you are a shareholder, there shouldn't be a problem.

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