Is Work Permit or S Pass holder allowed to invest in or hold shares of a Singapore registered company?

Can Work Permit holder buy stocks in Singapore?

Answer: An Employment Pass holder is allowed to own shares in a Singapore-registered company.

Can S Pass be a shareholder?

No. S Pass or Work Permit holders are not allowed to carry on or manage any business in Singapore. As such, they cannot register themselves as sole-proprietors, partners or directors of any Singapore-registered company.

Can S Pass holder be a director?

No, an S Pass holder cannot be a director or sole-proprietor of a business. If you are an S Pass holder who wants to set up a business in Singapore, you should terminate your current employment and apply for an EntrePass.

Can EP holder work for another company?

In general, EP holders can only work for their employer as specified on their work pass. As such, when EP holders take up directorship appointments (be it executive or non-executive) in another company, they must discharge directorship duties under the Companies Act.

Can foreigners open trading account in Singapore?

It is possible to open for foreign investors to open a Singapore brokerage account by post. You will need to check the requirements with the firm you want to use, but essentially the key step is usually to have all the account opening forms and copies of your identification documents certified by a lawyer or notary.

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 work permit holder hold shares?

Is a Work Permit or S Pass holder allowed to invest in or hold shares of a Singapore-registered company? Work Permit and S Pass holders are not allowed to administer or manage any business in Singapore.

Can S Pass holder work part time in Singapore?

No, an S Pass holder can only work for one employer at a time.

Can S Pass holder be a shareholder in Singapore?

Is S Pass holder allowed to be a shareholder of Singapore registered company? S Pass holder is not allowed to operate the business or act on behalf of the company. By doing so, they will have infringed the work pass conditions and their work passes will be revoked. They will also need to serve an employment ban.

Can EP holder own a company in Singapore?

Yes, an Employment Pass holder is allowed to own shares in a Singapore-registered company.

Categories Uncategorized