Yes, an EP holder residing in Singapore can be appointed as a local resident director.

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According to the guidelines issued by the Ministry of Manpower (“MOM”), an EP holder should not act as a director of a company which is not the company as stated in his EP.

This is because EP holders are not allowed to hold multiple jobs. A registered/nominee Director in a company is required to discharge certain duties and that constitutes a form of work. However, if there are strong grounds on why the EP holder’s role as a registered/nominee Director in another company is critical to his current job as an EP holder, the EP holder must first seek MOM’s approval.

Once MOM has approved, the EP holder will be granted a Letter of Consent (“LOC”) to take up the second directorship.

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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.

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A business license is a permit issued by a Singapore government agency that allows you to conduct a specific type of business. In order to apply for a business license in Singapore, the company must be first registered with the ACRA.

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