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.
