Two questions:
1. Is it legal for an EP holder engage in forex/day trading with personal funds? Assume, of course, that personal income tax on profits are paid in compliance with IRAS.
2. Is it legal for a Pte. Ltd. whose declared business activities do not include trading to engage in forex/day trading as a means of investing profits?
After a few hours of searching, I've seen responses related to these questions but no clear answers.
The things I've read lead me to believe that the answers to both depend on number of trades and amounts involved. Too much, and it gets noticed. Too little, and it flies under the radar. In both cases, however, technically illegal.
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Forex/Day Trading while on EP
- sundaymorningstaple
- Moderator
- Posts: 40003
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
a idea too think about
I am thinking of a similar scheme.
Maybe u want to discuss over coffee?
[/b]
Maybe u want to discuss over coffee?
[/b]
- nakatago
- Moderator
- Posts: 8363
- Joined: Tue, 01 Sep 2009 11:23 pm
- Location: Sister Margaret’s School for Wayward Children
Re: a idea too think about
Warning: soliciting for business here is not allowed.Labboy wrote:I am thinking of a similar scheme.
Maybe u want to discuss over coffee?
[/b]
-Moderator
"A quokka is what would happen if there was an anime about kangaroos."
-
- Similar Topics
- Replies
- Views
- Last post
-
-
How to apply for PR while on 90 day visit pass?
by Dutchiee » Sat, 23 Jun 2018 7:28 am » in PR, Citizenship, Passes & Visas for Foreigners - 1 Replies
- 1398 Views
-
Last post by PNGMK
Sat, 23 Jun 2018 9:58 am
-
-
-
DBS iWealth? or SCB Priority? What about trading fees?
by livingontheedge » Sun, 21 Apr 2019 3:19 pm » in Credit Card & Banking in Singapore - 2 Replies
- 3315 Views
-
Last post by Wd40
Tue, 23 Apr 2019 8:35 pm
-
-
-
today is the last day for topping up CPF/SRS and Jan 1 is the first day to top up again
by PNGMK » Thu, 31 Dec 2020 9:08 am » in Careers & Jobs in Singapore - 71 Replies
- 17444 Views
-
Last post by PNGMK
Wed, 04 Jan 2023 1:09 pm
-
-
-
Filing for divorce while living overseas
by addiegirl » Fri, 08 Jun 2018 3:05 pm » in Strictly Speaking - 4 Replies
- 3636 Views
-
Last post by rafael.lps
Mon, 25 Jun 2018 7:29 am
-
-
-
Entering country while waiting for Employment Pass
by jacksonh » Mon, 02 Jul 2018 3:03 am » in Careers & Jobs in Singapore - 5 Replies
- 3015 Views
-
Last post by jacksonh
Sun, 08 Jul 2018 12:05 pm
-
Who is online
Users browsing this forum: No registered users and 2 guests