Do we have to get LOC before adding DP as a shareholder?

Posts: 1
Topic starter
Joined: 2 years ago

We are newly created company by local resident, we would like add DP holder as a share holder , my Question is we have to get LOC before add DP as a share holder ? any other work pass require be a share holder ??

1 Reply
Paul Hype Page
Posts: 55
Joined: 2 years ago

Dear Laks,

You do not need to get LOC before adding DP as shareholder. A shareholder does not work for the company and thus, does not need a work visa. If the DP holder becomes a director or employee of the company, you will then have to apply for a LOC or Employment Pass for him/her.

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