Singapore Expats Forum

How much do I have to pay for my foreign partner?

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Challenge2013
Newbie
Newbie
Posts: 4
Joined: Sat, 11 May 2013

How much do I have to pay for my foreign partner?

Postby Challenge2013 » Sat, 11 May 2013 12:45 am

As I have a PR, I’ll setup a company next month with a business partner in Korea. I’m considering to make my friend relocate Singapore and work in Singapore to succeed our business. Now I’m thinking to hire him with EP. When I hire Co-Founder as a foreign director, though I think I have to give P1 visa for him or her, how much do I have to make payment?

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10405
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Sat, 11 May 2013 1:50 am

At least $8,000 per month and that may go up in the future. This is the minimum salary for a P1.

User avatar
nutnut
Manager
Manager
Posts: 1850
Joined: Thu, 24 Nov 2011
Location: The Mainland....

Postby nutnut » Sat, 11 May 2013 1:00 pm

SE, I think he may mean levy!

All Levy information for employees is here on the MOM webpage


It's variable from industry to industry. If I got it wrong, then take SE's advise, at least 8K a month to get a P1.
nutnut

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10405
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Sat, 11 May 2013 10:02 pm

nutnut wrote:SE, I think he may mean levy!

All Levy information for employees is here on the MOM webpage


It's variable from industry to industry. If I got it wrong, then take SE's advise, at least 8K a month to get a P1.


In that case, there are no levies for a P1 EP, only a nominal application fee.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests