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Starting a company as EP holder for my wife
Starting a company as EP holder for my wife
The situation:
- I am currently working in Singapore on a local contract and hold an EP.
- My wife and children are here on DP's.
- My wife is a certified yoga instructor.
My income is more than sufficient for both of us to live on. However my wife really wants to work again and in order for her to do so legally, I am thinking that the right way to get her going is for her and I to start up a local company and through that she would be granted permission to start working.
My idea is to register a company but I am not sure how that is done. Neither am I sure whether we should register the company in her name or my name - or both?
Can anyone help me out here, as I have absolutely NO prior experience with starting up a company. I don't know the rules and I could really do with some advice.
- I am currently working in Singapore on a local contract and hold an EP.
- My wife and children are here on DP's.
- My wife is a certified yoga instructor.
My income is more than sufficient for both of us to live on. However my wife really wants to work again and in order for her to do so legally, I am thinking that the right way to get her going is for her and I to start up a local company and through that she would be granted permission to start working.
My idea is to register a company but I am not sure how that is done. Neither am I sure whether we should register the company in her name or my name - or both?
Can anyone help me out here, as I have absolutely NO prior experience with starting up a company. I don't know the rules and I could really do with some advice.
- Strong Eagle
- Moderator
- Posts: 11504
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
- Contact:
Very little of the information stated here is correct. PR can be a very long and drawn out process. If your child is male he is subject to national service. PR is for people who intend to stay, not for getting spousal units a job. Don't abuse the privilege.Wd40 wrote:Consider applying for PR. You as an EP holder cannot start a company. Your wife as a DP holder probably can, but its a very complicated process and I dont think you wanna go there. But there are threads regarding this in the forum
EP's may certainly form a company but it would probably raise less eyebrows for the DP to do the formation. Please note that in Singapore there is a legal distinction between "company" and "business".
It's not that complicated but you must do your homework.
Certainly, you want to "go there" if your wife want to legitimately run a business.
Check these threads, then find useful keywords in them to search for more.
http://forum.singaporeexpats.com/ftopic60398.html
http://forum.singaporeexpats.com/ftopic75000.html
Can you explain a little further? What is a letter of consent? How do you apply for it and what does it entitle the DP holder to do?Saint wrote:One point to remember, it's actually a lot easier than you think you a DP holder to be granted a valid pass to legally work in Singapore via a Letter of Consent (LOC)
Can you work as e.g. freelance yoga instructor with a letter of consent?
Just read through the first of threads. Makes some sense to me know. Thanks a lot for sharing this information.Strong Eagle wrote:Very little of the information stated here is correct. PR can be a very long and drawn out process. If your child is male he is subject to national service. PR is for people who intend to stay, not for getting spousal units a job. Don't abuse the privilege.Wd40 wrote:Consider applying for PR. You as an EP holder cannot start a company. Your wife as a DP holder probably can, but its a very complicated process and I dont think you wanna go there. But there are threads regarding this in the forum
EP's may certainly form a company but it would probably raise less eyebrows for the DP to do the formation. Please note that in Singapore there is a legal distinction between "company" and "business".
It's not that complicated but you must do your homework.
Certainly, you want to "go there" if your wife want to legitimately run a business.
Check these threads, then find useful keywords in them to search for more.
http://forum.singaporeexpats.com/ftopic60398.html
http://forum.singaporeexpats.com/ftopic75000.html
- Saint
- Director
- Posts: 3505
- Joined: Thu, 16 Jun 2005 5:19 pm
- Location: The Juban Stand, Boat Quay
- Contact:
http://www.mom.gov.sg/foreign-manpower/ ... fault.aspxFortan wrote:Can you explain a little further? What is a letter of consent? How do you apply for it and what does it entitle the DP holder to do?Saint wrote:One point to remember, it's actually a lot easier than you think you a DP holder to be granted a valid pass to legally work in Singapore via a Letter of Consent (LOC)
Can you work as e.g. freelance yoga instructor with a letter of consent?
Unfortunately it doesn't allow freelancing as it's tied to a Company employing you
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