Singapore Expats Forum

Forex/Day Trading while on EP

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Shadowhawk
Member
Member
Posts: 27
Joined: Sun, 16 Oct 2011

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.

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34617
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

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

Sounds just about right.

Labboy
Newbie
Newbie
Posts: 2
Joined: Wed, 14 Nov 2012
Location: Golden shoe

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]

User avatar
nakatago
Moderator
Moderator
Posts: 8333
Joined: Tue, 01 Sep 2009
Location: Sister Margaret’s School for Wayward Children
Contact:

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.

-Moderator


  • Similar Topics
    Replies
    Views
    Last post
  • Any expats doing forex trading?
    by laidbackyat » Sun, 31 Mar 2013 3:35 am » in Events, Gatherings, Making Friends
    16
    9428
    by JR8 View the latest post
    Sun, 03 Nov 2013 1:35 pm
  • day trading sole proprietorship
    by terra_fmsg » Mon, 18 Feb 2013 9:04 pm » in Business in Singapore
    19
    9279
    by njr View the latest post
    Thu, 05 Sep 2013 2:09 pm
  • Online Forex Trader - wants to relocate to Singapore
    by Jolichr » Sun, 01 Sep 2013 11:53 am » in Relocating, Moving to Singapore
    2
    1598
    by Strong Eagle View the latest post
    Mon, 02 Sep 2013 12:23 am
  • Forex Demo accounts-How realistic?
    by AnniPirhonen » Wed, 13 Dec 2017 12:53 pm » in General Discussions
    2
    921
    by Strong Eagle View the latest post
    Wed, 13 Dec 2017 1:09 pm
  • High Frequency Trading
    by earthfriendly » Thu, 14 Sep 2017 2:12 am » in General Discussions
    2
    834
    by Strong Eagle View the latest post
    Thu, 14 Sep 2017 2:58 am

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests