Q:
|
What is this about?
|
|
A:
|
Employment Pass (“EP”) holders are generally only allowed to work for their employer as specified on their work pass. When EP holders undertake directorship appointments (executive or non-executive) in other companies, they are required to discharge directorship duties under the Companies Act. This constitutes a form of work for which a work pass is required. If they wish to do so, they will have to apply for and be granted a Letter of Consent (“LOC”) from the Ministry of Manpower of Singapore (“MOM”).
|
Q:
|
What should the employer do if they wish to appoint the EP holders to their Board of Directors?
|
A:
|
As the employer:
1.
|
You must ensure that EP holder’s current employer has no objections to the EP holder taking on directorship in your company;
|
|
2.
|
You must get approval from MOM by applying for a LOC, as directorship duties are considered work; and
|
|
3.
|
If approved, you can then proceed to register the directorship position with Accounting and Corporate Regulatory Authority of Singapore (“ACRA”).
|
|
Q:
|
What are the criteria to apply for a LOC?
|
A:
|
MOM will generally grant a LOC only if:
1.
|
Your company is related by shareholding to the EP holder’s current employer. This must be reflected in ACRA records; and
|
|
2.
|
EP holder is taking up the secondary directorship for purposes related to their primary employment.
|
|
Q:
|
What are the required documents for LOC application?
|
A:
|
You will need these documents to apply for LOC:
1.
|
Updated Business Profile of the current employer and the employer who wish to appoint EP holder to their Board of Directors;
|
|
2.
|
A copy of EP card (front and back);
|
|
3.
|
Proposed responsibilities and remuneration of the EP holder;
|
|
4.
|
Appointment letter to take up directorship; and
|
|
5.
|
Relationship between the current employer and the employer who wish to appoint EP holder to their Board of Directors.
|
|
Q:
|
How long does it take to process the LOC application?
|
A:
|
For most cases, the LOC application takes around five (5) week to be processed. If MOM requires additional documents or clarification, it may take a longer time.
|
ホーム
よくあるご質問
よくあるご質問
