Singapore Expats Forum

Starting a company as EP holder for my wife

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
User avatar
Fortan
Chatter
Chatter
Posts: 466
Joined: Thu, 01 Aug 2013

Starting a company as EP holder for my wife

Postby Fortan » Wed, 14 Aug 2013 10:42 am

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.

User avatar
Wd40
Director
Director
Posts: 3788
Joined: Tue, 04 Dec 2012
Location: SIndiapore

Postby Wd40 » Wed, 14 Aug 2013 11:09 am

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

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10414
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Wed, 14 Aug 2013 11:22 am

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


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.

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.

ftopic60398.html

ftopic75000.html

User avatar
Saint
Director
Director
Posts: 3535
Joined: Thu, 16 Jun 2005
Location: The Juban Stand, Boat Quay
Contact:

Postby Saint » Wed, 14 Aug 2013 11:39 am

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)

User avatar
Fortan
Chatter
Chatter
Posts: 466
Joined: Thu, 01 Aug 2013

Postby Fortan » Wed, 14 Aug 2013 1:16 pm

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 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?

Can you work as e.g. freelance yoga instructor with a letter of consent?

User avatar
Fortan
Chatter
Chatter
Posts: 466
Joined: Thu, 01 Aug 2013

Postby Fortan » Wed, 14 Aug 2013 1:27 pm

Strong Eagle wrote:
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


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.

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.

ftopic60398.html

ftopic75000.html


Just read through the first of threads. Makes some sense to me know. Thanks a lot for sharing this information.

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

Postby nutnut » Wed, 14 Aug 2013 2:12 pm

Fortan wrote:Just read through the first of threads. Makes some sense to me know. Thanks a lot for sharing this information.


The information was already shared ;) next time just have a look on the search first :)
nutnut

User avatar
Saint
Director
Director
Posts: 3535
Joined: Thu, 16 Jun 2005
Location: The Juban Stand, Boat Quay
Contact:

Postby Saint » Wed, 14 Aug 2013 4:26 pm

Fortan wrote:
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 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?

Can you work as e.g. freelance yoga instructor with a letter of consent?


http://www.mom.gov.sg/foreign-manpower/ ... fault.aspx

Unfortunately it doesn't allow freelancing as it's tied to a Company employing you

User avatar
Fortan
Chatter
Chatter
Posts: 466
Joined: Thu, 01 Aug 2013

Postby Fortan » Wed, 14 Aug 2013 5:10 pm

nutnut wrote:
Fortan wrote:Just read through the first of threads. Makes some sense to me know. Thanks a lot for sharing this information.


The information was already shared ;) next time just have a look on the search first :)

I would have, if I had known what to search for :)


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest