To better advice our clients, Sprout will be offering the following consulting service for clients who intend to apply for an Employment Pass but are unsure if they qualify:
Our EP Eligibility Consultation ($300) includes:
From 1 May 2021, Dependant’s Pass holders must obtain a work pass, such as a Work Permit, an Employment Pass, or an S-pass instead of a Letter Of Consent.
The main difference between the two passes is the shareholding requirement. If you hold shares of more than 30% of the company, it is likely you’ll apply for the EntrePass. EntrePass holders can only bring in family after one year of doing business in Singapore.
If your company is more than six months old, you will need to show evidence of business contracts, business expenditure, and revenue. If your company is under six months old, you can apply for an entrepreneur pass depending on your position.
Find out more about the passes here.
All Singaporean companies are required to onboard at least one local director on their company’s board. Companies that do not have local directors may choose to appoint a nominee director to meet the requirement. You may find out more about the role of a nominee director here and who can be a nominee director here.
No. S Pass or Work Permit holders are not allowed to carry on or manage any business in Singapore.