List of business that a foreigner can own?
Posted: Fri, 21 Sep 2007 2:11 pm
Can a foreigner own and operate a traditional massage parlor in Singapore? A restaurant?
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Are you talking about starting one or buying one?nongice626 wrote:Can a foreigner own and operate a traditional massage parlor in Singapore? A restaurant?
Good point there Strong Eagle.Strong Eagle wrote:Are you talking about starting one or buying one?nongice626 wrote:Can a foreigner own and operate a traditional massage parlor in Singapore? A restaurant?
Yes. There is nothing to prevent you from buying into a business as a foreigner, assuming it has a Singapore director, which then assumes it is at least a private limited. Can't see how you buy a local business (non incorporated) because now you must meet foreign ownership qualifications.nongice626 wrote:are there different regulations for foreigners to start a business vs buying another already established?
There must be at least 1 local directornongice626 wrote:are there different regulations for foreigners to start a business vs buying another already established?
Except that Entrepass qualifications specifically exclude businesses like a massage parlour.Winxkid wrote:There must be at least 1 local directornongice626 wrote:are there different regulations for foreigners to start a business vs buying another already established?![]()
It doesn't make much different