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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

Post by 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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Post by sundaymorningstaple » Fri, 09 Nov 2012 5:21 pm

Sounds just about right.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

Labboy
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a idea too think about

Post by 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

Post by 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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