Hi guys,
I've created a Partnership with a friend like year ago. Everything is going well but I have few doubts and questions bout Employment passes. As you may know, the ACRA takes forever to provide with and answer and the phone line never responds.
Both partners, we are foreigners. We actually hold and employment pass since we both have been working here. The idea of the partnership came afterwards.
My questions are:
- If two person have created a partnership and they are both working with an EP sponsored from their corresponding companies (No the Partnership company). Is there a way, any of them can apply for an EP in case this person decides to work full time for the partnership or has been fired from the company he used to work for?
- One of the two partners has decided to leave SG. What will happen to the Partnership if the second leaves SG too?
- What are procedures to do proceed with those scenrarios?
Thanks in advance,
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Partnership and Employment passes
-
- Newbie
- Posts: 15
- Joined: Tue, 16 Nov 2010 10:15 pm
- Strong Eagle
- Moderator
- Posts: 11504
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
- Contact:
Are you talking about a limited liability partnership (LLC) or a partnership operating as a business.
PS: It is MOM you need to talk to about work permits, not ACRA.
In general, though, you will probably have a hard time convincing MOM that your partnership is a legitimate source of employment. Look at it this way: Somebody on EP loses their job. They run over to ACRA and start a LLC or company. They apply for EP to work for the company to stay in Singapore. They have no clients, no revenue, no contracts. MOM is wise to this stuff.
IF you have employees in this partnership and IF the partnership is earning a profit sufficient to support all partners, then maybe you will be approved for an EP. But again, it depends on the particulars... if you pay yourself S$8000 and get a P1 chances are better than if you indicate a S$3000 salary.
PS: It is MOM you need to talk to about work permits, not ACRA.
In general, though, you will probably have a hard time convincing MOM that your partnership is a legitimate source of employment. Look at it this way: Somebody on EP loses their job. They run over to ACRA and start a LLC or company. They apply for EP to work for the company to stay in Singapore. They have no clients, no revenue, no contracts. MOM is wise to this stuff.
IF you have employees in this partnership and IF the partnership is earning a profit sufficient to support all partners, then maybe you will be approved for an EP. But again, it depends on the particulars... if you pay yourself S$8000 and get a P1 chances are better than if you indicate a S$3000 salary.
-
- Newbie
- Posts: 15
- Joined: Tue, 16 Nov 2010 10:15 pm
It makes sense. Then I should talk to MOM rather than ACRA. Gotccha
Strong Eagle wrote:Are you talking about a limited liability partnership (LLC) or a partnership operating as a business.
PS: It is MOM you need to talk to about work permits, not ACRA.
In general, though, you will probably have a hard time convincing MOM that your partnership is a legitimate source of employment. Look at it this way: Somebody on EP loses their job. They run over to ACRA and start a LLC or company. They apply for EP to work for the company to stay in Singapore. They have no clients, no revenue, no contracts. MOM is wise to this stuff.
IF you have employees in this partnership and IF the partnership is earning a profit sufficient to support all partners, then maybe you will be approved for an EP. But again, it depends on the particulars... if you pay yourself S$8000 and get a P1 chances are better than if you indicate a S$3000 salary.
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Increased minimum salary for Employment Passes
by subconwretch » Thu, 27 Aug 2020 7:57 pm » in PR, Citizenship, Passes & Visas for Foreigners - 1 Replies
- 2136 Views
-
Last post by sundaymorningstaple
Thu, 27 Aug 2020 8:46 pm
-
-
-
Any Americans got employment passes in 2021?
by Hadoren » Thu, 11 Mar 2021 2:53 pm » in Careers & Jobs in Singapore - 7 Replies
- 3316 Views
-
Last post by rogerr
Sun, 04 Apr 2021 8:10 pm
-
-
- 2 Replies
- 3629 Views
-
Last post by sharetings
Sun, 23 Dec 2018 9:19 pm
-
- 9 Replies
- 6894 Views
-
Last post by karenmane
Sun, 12 Sep 2021 7:12 pm
-
-
LTVP or LTVP+ passes
by VJK_SG » Tue, 12 Jun 2018 2:57 pm » in PR, Citizenship, Passes & Visas for Foreigners - 9 Replies
- 3842 Views
-
Last post by sundaymorningstaple
Thu, 14 Jun 2018 1:44 pm
-
Who is online
Users browsing this forum: No registered users and 2 guests