Entre-pass rules have been tightened, and I doubt 50,000 will get you a pass, if you don't meet other requirements like business plan, growth plan etc.yupa wrote: Thank you for your help in advance.
I don't doubt you are a quack doctoryupa wrote: Don't worry I'm not a doctor trying to do doggy surgery at home
Considering these fact, would you be able to answer my initial question?
"Do I need to keep $50,000 in my company's bank account as long as the company is running or I can return the money to the owner soon after my application is approved? "
Many thanks.
You can find one yourself if that person is willing to do it. Nominee directors have all the rights and responsibilities of directors, could get you into trouble by their acts and you could get them into trouble as well. For that reason, a lot of people won't do it. Be sure to have a presigned undated letter of resignation from your director.yupa wrote:Thank you very much for clarifying my position.
Much appreciated!
My "speciality" is not totally out of norm and even Singaporean government is now requesting our association members to provide their service for them. However, it is true that it's far from money making business.
It is more like treating people to get well so that they can work better if I connect two things together.
I can also create work for Singaporean colleagues under my supervision but as you said, perhaps not enough employers as MOM expect for Enter Pass.
After all, I happened to have a specialized skills that is happen to be a young and growing profession in Singapore but not allowed to freelance because my husband's pass is S Pass instead of E Pass.
All my colleagues who had a Dependent Pass were allowed freelance by registering with ACRA as Sole proprietorship, then applied for Letter of Consent for self-employing themselves. Very easy process. Enter Pass process is completely out of my comfort zone for me.
I have read your links and have a few more questions to make sure I looked all possible avenues.
1. If I use CPA service to set up a pte ltd, do they choose the nominee director as part of their service or could I appoint someone by myself?
Your nominee director sets the company up online with her Singpass, just like any other company. S$300 can be paid by credit card. But, I recommend you coordinate this with a CPA to make sure you have all incorporation documents in place. Your CPA could also set it up as you will need a secretary with only one director and CPA's usually fill that role.2. Is application process of setting up a pte ltd (documents we need to submit) is same as setting up a ptd, except we need to write from the nominee director's perspective?
SMS will have to weigh in on this one. I know only what the MOM website says.3. Do you know what divides between S Pass and E Pass?
Looking at MOM's site, my husband's salary and education wasn't problem so I'm very confused!
Many thanks
On the other hand:Q1 Employment Pass
Young graduates from good institutions could qualify if they earn at least $3,000
Older applicants would have to command higher salaries to qualify, commensurate with the work experience and quality they are expected to bring
Additionally, if an application if borderline between S & Q1, the gahmen will go with the S pass so as to make the employer think "Do I really need this foreigner as if I really want him then it going to cost me an additional XXX dollars a month in Foreign Worker Levies. By putting on an S pass if the salary is under $4000/mo then it also reduces the number of foreigners here as they cannot have dependents here. The government is trying to reduce the number of foreigners here with a very blunt instrument. You will notice there is a considerable gap between the high end of S passes (4K/mo) and the entry end of Q1 pass of 3K/mo. Salary levels are only minimum guidelines for acceptance of the application.Mid-level skilled foreigners (e.g. technicians) who wish to work in Singapore may apply for an S Pass. Applicants will be assessed on a points system, taking into account multiple criteria. (which is not published) S Pass applicants accumulate points based on how far they meet the criteria. As a general guide, these criteria can be broadly described as (for illustrative purposes only):
A minimum fixed monthly salary of $2,200
Older applicants would have to command higher salaries to qualify, commensurate with the work experience and quality they are expected to bring
Educational qualifications A degree, diploma
Technical certificates can be considered. These are, very broadly, courses that train the applicant to be a qualified technician or specialist in their chosen field. The certification should comprise of at least one year of full-time study.
Number of years of relevant work experience.
Which is exactly what I quoted from their web page.... ^^^command higher salaries to qualify, commensurate with the work experience and quality they are expected to bring
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