Yes, the cost of living for expatriates in Singapore is generally considered high compared to many other cities. However, it can vary significantly based on lifestyle choices, housing arrangements, and spending habits. Here's a breakdown of the key factors influencing the cost of living: 1. Housing Cost: Housing is one of the largest expenses for [...]
For a myriad of reasons, a company may have been previously struck off and now the shareholders and or directors wish to have it restored. By restoration, we refer to having the name of the company restored to the register of companies. There are two methods to have the company restored: Court-ordered restoration; and Administrative [...]
To set up a fund management entity in Singapore, you can choose from several legal structures depending on the type of fund management activities you plan to undertake, your target investors, and regulatory requirements. Below are the key types of entities and licenses relevant for fund management in Singapore: 1. Legal Entity Structures You will [...]
Drafting a company constitution is a very important matter. This is essentially a rulebook as to how a company should conduct its business. Adherence to the company constitution is necessary when dealing with company related matters. Therefore, how a company operates stems from its constitution. Great thought must be placed as to how the company [...]
Yes, as a foreigner, you can incorporate a company in Singapore and apply for a work pass to work in your own company. However, there are specific requirements and steps you need to follow to meet Singapore's legal and regulatory standards. Here’s how you can proceed: 1. Incorporating a Company in Singapore Foreigners can incorporate [...]
Getting a job in Singapore as a foreigner can be relatively straightforward for individuals with in-demand skills or qualifications, but it depends on several factors. Some industries may be more difficult to obtain a job as compared to others. Here is an overview: 1. Industry and Skills Demand High-demand sectors: Singapore prioritizes foreign talent in [...]
In Singapore, the Ministry of Manpower (MOM) offers various permits and passes to facilitate employment for foreign nationals. Among these, the Letter of Consent (LOC) and the Pre-Approved Letter of Consent (PLOC) are two important documents that enable eligible individuals to work in Singapore. While they may seem similar at first glance, there are key [...]
Overview A Letter of Consent (LOC) in Singapore is issued by the Ministry of Manpower (MOM). It allows eligible Dependant Pass (DP) holders, Long Term Visit Pass (LTVP) holders, and LTVP+ holders to work or start a business. LOC applications are made through an online portal with a 1-3 weeks processing time. Eligibility Requirements To [...]
Yes, Long-Term Visit Pass (LTVP) holders can work in Singapore, but there are stricter conditions compared to LTVP+ holders. Key Points for LTVP Holders: Work Eligibility: LTVP holders are not automatically allowed to work in Singapore. They require a Letter of Consent (LOC) to take up employment. Letter of Consent (LOC): Employers must apply for [...]
Yes, a Long-Term Visit Pass-Plus (LTVP+) holder can work in Singapore, but there are specific requirements and conditions. Key Points: 1) Eligibility to Work: LTVP+ holders are eligible to work in Singapore without needing a separate Work Pass (e.g., Employment Pass or S Pass). They only need a Letter of Consent (LOC) from the Ministry [...]