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


Laks
Posts: 1
 Laks
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Joined: 1 month 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 ??

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Paul Hype Page
Posts: 46
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Joined: 11 months 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.

We have more information on our article https://www.paulhypepage.com/how-to-work-as-a-dependent-pass-holder-in-singapore/ .

Interact with the community on our forum, see you!

Cheers,
Paul

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