Employment Pass & LOC for Business Owners in Singapore
Sleek manages end-to-end application for all workpasses in Singapore. Our approval rate is >97%.
Understanding Employment Pass requirements in Singapore
As an employer you need to:
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Designed for employed foreign professionals as well as business owners or employees. -
Applicants should meet specific salary, qualification and age requirements. -
Once issued, the pass is valid for up to 2 years for new applications and up to 3 years for renewals. -
From 1st of September the criteria for Employment Pass is changing. Applicants would additionally need to pass the new COMPASS scoring criteria with at least 40 points. - Sleek is a registered Employment Agency (Licence #17S8937) under The Ministry Of Manpower.
Understanding Letter of Consent (LOC) requirements in Singapore
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LOC is meant for DP holders who intend to start and operate their own business that meet a defined criteria. -
Once issued, a new LOC has a validity of up to 1 year or up to the DP expiry date, whichever is shorter. -
For renewals, LOCs have validity up to the DP expiry date upon meeting the renewal criteria of hiring at least 1 local that earns at least a fixed monthly salary of at least $1400 and receives CPF contribution for at least 3 months. -
There is no minimum salary requirement for this pass.
FAQs
Here are some common questions from our customers.
If you have any additional questions, please don’t hesitate to contact us.
Can an EP holder be listed as a director and shareholder?
All visa applications should avoid being listed on the company during the application, unless company incorporated more than 6 months. For new companies, once the company has been incorporated and the corporate bank account opened, once an applicant’s EP is approved they can then be added to the company as a director and shareholder.
Can EP holders own shares in companies (including their own company)?
Yes, EP holders can own 100% of shares in any company including their own (after they have had their EP approved). This includes EP holders who hold secondary directorships via a Letter of Consent.
Can EP holders act as the ACRA local resident director?
Yes, EP holder residing in Singapore can be appointed as a local resident director.
Can EP holders hold more than one directorship?
An EP holder can be appointed a director of a second company. It requires them to apply for a Letter of Consent for Secondary Directorship from secondary company and to satisfy the LOC requirements, namely that there should be a direct ownership between the primary employer and the second company (but does not need to be 100% owned)