Singapore Expats

Search found 12 matches

by bananapunks
Fri, 25 Jul 2014 1:13 pm
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

Hey guys, everything went well and the company is now live. Next question: hiring employees. Could someone please shed some light on the cpf filing? I read that : "It is important to apply to e-submit your CPF contribution details before you hire your first employee. You may do so online at CPF e-Su...
by bananapunks
Sun, 29 Jun 2014 8:27 pm
Forum: Business in Singapore
Topic: PIC
Replies: 16
Views: 11974

I've done some research and called their hotline. The requirement is by IRAS, they do count part timer as 1 person in the headcount, however, only if they determine it's a 'legitimate employee'. In other words, you have to specify decent hours for their work and pay them over 200-300$ CPF.
by bananapunks
Fri, 27 Jun 2014 10:18 am
Forum: Business in Singapore
Topic: PIC
Replies: 16
Views: 11974

PIC

Hey guys, I'm sure most are aware of the PIC, which is a nice grant but comes with strings attached and requirements. I'm looking to buy 3d printers for my design company. There's a lot of misinformation online as well. Would anyone be able to shed some light on the following issues? : -there's a re...
by bananapunks
Mon, 16 Jun 2014 9:32 am
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

you could go the same route as me, but there's a bunch of threads on this forum in detail describing how you can set up a company on dependant's pass, probably a better idea.
by bananapunks
Sat, 14 Jun 2014 7:23 pm
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

you're right, i just checked, even though it's relatively easy to get, the requirement's thereafter are crazy. Gotta show progress in half a year, and invest 100k in the company etc...
by bananapunks
Fri, 13 Jun 2014 9:46 am
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

I found some more information for those interested: http://www.acra.gov.sg/components/wireframes/howToGuidesChapters.aspx?pageid=1241 "A foreigner, who would like to set up his own company and be present in Singapore to actively manage its operations, should apply for an EntrePass from the Ministry ...
by bananapunks
Fri, 13 Jun 2014 9:31 am
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

by bananapunks
Fri, 13 Jun 2014 9:26 am
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

Thank you, I think this clarifies everything now. Can you please link me to the ACRA's website section that states you need Entrepass to open a company?
by bananapunks
Thu, 12 Jun 2014 9:42 pm
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

Thanks a lot for the in depth analysis, great advice Strong Eagle! I was thinking of one more option. To have someone trusted, living in another country (like my brother) be the main director. Then nominate a local director and secretary. I would be the sole shareholder. I'm not planning to do any p...
by bananapunks
Wed, 11 Jun 2014 2:42 pm
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

good call. But this is just a sidetracking issue, the main questions are the other ones i have asked :)
by bananapunks
Wed, 11 Jun 2014 2:15 pm
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

Can I not draw any director fees at all? I'm not short on cash, just trying to start a company and see where it takes me. Maybe if it generates profit I'll issue myself an EP and quit my current employer. And for the freelance part, from what my HR tells me they're authorised to give me permission t...
by bananapunks
Wed, 11 Jun 2014 1:44 pm
Forum: Business in Singapore
Topic: Opening Pvt. Ltd. on EP
Replies: 17
Views: 8112

Opening Pvt. Ltd. on EP

Hi oracle forum members! I realise this question has been asked before and I have looked through many threads, there's a lot of good info by Strong Eagle. However I wanted to ask your opinion on this specific example before I dig myself a hole. I'm an EP holder, been here for 4 years. I'm planning t...

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