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What is an Employment Pass?
It’s a type of working visa issued per specific company so it can invite foreign professionals, managers, executives, and technicians. It allows you to work exclusively for that company, live and bring your family to Singapore. It’s valid for 1 or 2 years and can be renewed afterwards.
Can an Employment Pass holder open a company in Singapore?
Every Employment Pass is issued per specific company. So if you already have an Employment Pass from some employer, you have two options. If you plan to keep your job, you can open a company and be a shareholder, not a director. If you plan to leave your current job, you can open a company and apply for EP sponsored by your new business. If you plan to do this, it is best you're not a shareholder in your company as this might affect your EP application.
Can I transfer an Employment Pass or Dependant’s Pass I have to my new company?
No, EPs/DPs are issued per one specific company. You can only work for the employer that sponsors your visa. So after you’ve incorporated, your new business has to apply for your new EP. Do it seamlessly: there’s no need to cancel your old EP before you get the new one.
What are the requirements to get an Employment Pass?
This is an employment visa so your professional qualities and fit with the company will be evaluated. We will file your CV with relevant professional experience, education data and the company profile to get the visa. The most important factor is your fixed salary amount that the company commits to paying you. It needs to be no less than S$6,000, especially if you want to bring immediate family under Dependant Passes.
For how long do I need a resident director (Nominee Director)?
You can appoint as many directors as you need, but at least one of them has to be a resident. To comply with this law, hire a Nominee. There could be just two directors to start with, you and the Nominee.
You only need this officer for the time it takes to get an Employment Pass for yourself, which is usually about 6 months. After that, you can be the only director.
How does Osome register companies for foreigners?
We check that the company name you’ve chosen is available. You send us your IC or passport copy, details on directors and shareholders. We prepare all the necessary documents, send them to you for electronic signature, and submit them to ACRA (a government entity that registers companies). On your end, it’s just a message thread in a secure chat. Once a UEN has been issued, your company is operational.