Should I register as a sole proprietor?

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typebug Active member

Member since 18 November 2010

typebugActive member18 November 2010 10:53:44

I have some very small consulting jobs being offered to me from previous co-workers overseas. I've looked through the paperwork online for registering as a sole proprietor here and it looks fairly straight forward. Are there are other dependent pass holders on the forum who have made the transition to being a sole proprietor?

I'm curious to find out if it was as simple as it looks and if anyone felt it might not be the best idea for a really small venture (it would be more to amuse myself than to get rich!).

If this has come up before please point me in the right direction! Thanks!

Big Diesel New member

Member since 28 November 2010

Big DieselNew member28 November 2010 09:32:29

Don't do it ! Go Pte Ltd.

Anyhow, unless you are Singaporean or have Singaporean partner I dont think you can apply Sole Proprietor.

If you are working for overseas companies, go for an offshore company otherwise you will still have to pay tax on the local Singapore company.

typebug Active member

Member since 18 November 2010

typebugActive member28 November 2010 22:09:46

Thanks Big Diesel,
I'll keeping poking around for more info on this before I take the leap! It sounds like it might be easier to just leave my billing set up overseas and deal with all the taxes there.

natanieldee Member

Member since 29 November 2010

natanieldeeMember09 December 2010 08:25:33

typebug

try this site, guidemesingapore.com they have information on Singapore company incorporation, either sole proprietorship or private limited

(moderated: no ads please)

huanran Member

Member since 15 March 2011

huanranMember24 March 2011 02:32:10

im always open for partnership. im a local and can partner you. we can work something out?

zion77 Member

Member since 03 August 2012

zion77Member03 August 2012 16:58:56

My wife is a Dependent Pass holder and she registered herself as sole proprietor in Singapore. We have shared our experience in this blog
thomasabeesh.com/2012/08/03/registersoleproprietorship - ThomasAbeesh.com

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