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Forex/Day Trading while on EP

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Shadowhawk
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Forex/Day Trading while on EP

Postby Shadowhawk » Fri, 09 Nov 2012 4:55 pm

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.

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sundaymorningstaple
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Postby sundaymorningstaple » Fri, 09 Nov 2012 5:21 pm

Sounds just about right.

Labboy
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a idea too think about

Postby Labboy » Thu, 15 Nov 2012 11:02 am

I am thinking of a similar scheme.
Maybe u want to discuss over coffee?
[/b]

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nakatago
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Re: a idea too think about

Postby nakatago » Thu, 15 Nov 2012 11:06 am

Labboy wrote:I am thinking of a similar scheme.
Maybe u want to discuss over coffee?
[/b]


Warning: soliciting for business here is not allowed.

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