S Pass and Work Permit holders are not allowed to be directors of any company in Singapore. The general position is that an EP holder is only allowed to work for the employer specified on the EP. The EP holder can also be appointed to the Board of Directors of the same company, without having to notify MOM.
Can EP holder be a director?
Specifically, an EP holder is only allowed to be a director in the company which applied for his EP (or upon MOM approval, related companies of the employer or related to his/her work).
Can work permit become director?
What are the consequences of doing so? No. As such, they cannot register themselves as sole-proprietors, partners or directors of any Singapore-registered company. …
Can EP holder own a company in Singapore?
Yes, an Employment Pass holder is allowed to own shares in a Singapore-registered company.
Can an EP holder register a business?
Yes! Holders of employment pass can register a company in Singapore. They can also own its 100% shares. Since they are working for their Singapore employer who got the EP for them, they cannot work as a local or resident director of the company they own.
Who can be a nominee director in Singapore?
If a foreigner incorporates a company in Singapore but does not have a local person who can act as a resident director of the new company, then the foreigner can “hire” a person to act as a director for a fee. Such a director is called a Nominee Director or ND; sometimes the term “local director” is used.
Can a director be an employee of another company in Singapore?
Director is a proper/trusted authority of a company but there is nothing that prohibits him from being an employee of any other company. … So, mere employment won’t have any effect on the company where he holds the position of director.
Can a foreigner be a director in a Singapore company?
Director. … Every Singapore based company must have minimum one director who should be a Singapore Citizen or a Singapore permanent resident or an employment pass holder. Foreign nationals can be appointed as foreign directors in addition to the local director. Any person who is 18 years + of age can act as a director.
Can 2 companies apply for my EP at the same time?
You cannot have two applications ongoing at the same time. If MoM receives two, it will send both back to the applying companies asking for clarification. This will cause confusion, possibly consternation at the part of the companies (who then could cancel their job offers to you) and, at the very least, a delay.
When can EP holders return to Singapore?
Thus, there could be significant delays before they can return to Singapore. For all pass holders, new and existing, entering Singapore from 1 January 2021, the Government will no longer cover their treatment costs if they develop COVID-19 symptoms or test positive within 14 days of arrival in Singapore.
Can you be a director and an employee of another company?
Although they can be both directors and employees, it is not possible to be a director and also a self-employed contractor for the same company. … However, an individual who is a company director for one business may well be self-employed in another business, so they do have the option to wear different hats.
Can EP holder invest in stock market?
I’m an expat in Singapore an S-Pass holder. How can I start investing in Singapore Stock Market? … You will need to open an account with a broker (like DBS Vickers or Saxo or others), and you will need to take a SGX test, to make sure you understand all the products and especially all the risks involved.
Can EP holder register sole proprietorship?
Registration for Sole Proprietor
All Singapore citizens, Permanent Residents (Singapore PR), Employment Pass (EP) and Entrepreneur Pass (EntrePass) pass holders can register as a Sole Proprietor.
Can employment pass holder work for other company?
All work pass holders must only work for their designated employer. They must not take on additional jobs or engage in activities to earn additional income in Singapore. This also applies to training pass holders doing on-the-job training.