Are you a dependant's pass holder trying to explore your options in Singapore?
Well, you are not alone in the hunt. There are many individuals who are searching for the info.
Can a DP holder get a job in Singapore? Yes, it is possible. Are there any other options?
In fact, there are two options left open to you. You can put your educational qualifications and experience to better use by getting a part-time or full-time job. Or, you can go after the bigger goals by starting a Singapore company.
Want to Work as the Company Director in Singapore?
Find a job or register a company in Singapore? Would you like to work as the director of your company? Why not? It is where the real money is. And yes, like locals, foreigners can also register a company in Singapore. They are even allowed to own 100% of its shares.
If you want to make tonnes of money, registering a Singapore company is your best option. It is especially true if you have an innovative business idea that can change your customers' lives for the better. In addition, you can choose to work as its director and be your own boss.
Registering a Singapore Private Limited Company
You will be better off by setting up a private limited company (Pte Ltd). It is the most suitable business structure for you. It limits the liabilities of its stakeholders. It has a separate identity. It is responsible for its own debts and losses.
A Pte Ltd is a favorite choice for many business owners. If you want to start a trading, or a home-based online or e-commerce business in Singapore, this is the time for it when the idea is still fresh in your mind. You can even start it at home by using the Home Office Scheme.
Get an Employment Pass EP & be the Director of Your Company
A dependant's pass holder is eligible for investing in a company. They can own the shares of a Singapore company. But, for those being the director of a company is a different thing altogether. You must have an Employment Pass to work in Singapore.
Steps for Acquiring an Employment Pass
You need to discuss the issue with an expert from a reputed Singapore registration service providing firm. Following are the steps in acquiring an employment pass and becoming a director.
-
You can arrange for a Singapore citizen, Permanent Resident, or an employment pass holder to be the resident director of your new company
-
If you do not have a resident director, you must hire the nominee director service from the provider
-
Register your Singapore company
-
Hire secretary for your company
-
The secretary can initiate the process for acquiring a LOC or an employment pass for you
-
After receiving the approval for your employment pass, you can replace the nominee director and take charge as the director of your company
The path to be a successful business owner is not easy. You will be responsible for every decision and the success of your company. It is a huge responsibility. However, in-depth market research and surveys will be able to locate your customers for you. If necessary, you should also be ready to tweak your business idea to fulfill the needs of your customers.
Finding a Job in Singapore for DP Holder
If you are not comfortable with starting a company in Singapore or want to delay it, for the time being, applying for and getting a job to advance your career seems to be the best option left open to you. There are certain skills that are in demand in Singapore.
-
IT skills
-
Digital marketing skills
-
Data analysis
-
Life sciences and healthcare
-
Foreign language skills
-
Engineering and project management
If you are a degree or diploma holder from a recognized university and if you have the required skills and experience, you can explore the job market for the following positions:
-
Software Developers
-
IT Security Consultant
-
Quality Lead Manager
-
Regulatory Affairs Specialist / Manager
-
Credit Control Manager
-
Finance Manager
-
Digital Marketing Manager
-
FinTech Developer
-
Finance Compliance Manager
-
Settlements Manager
-
Business Analyst
-
Cloud Support Engineer
Surely, you would like to work in a field of your choosing and aligned with your qualifications. There are various online job portals where you can search for a suitable role. Or, you can pay a visit the local recruiting agencies and see what is on the offer. The following are a few online sources.
|
|
Scope for the Professionals in Singapore Job Market
For a qualified, experienced, and motivated job seeker in Singapore, the sky is the limit. Singapore is the home to more than 17,000 multinationals. In addition, there are local startups, SMEs, and big Singaporean businesses in need of the right person for the right job.
However, getting a job is not an easy task for a DP pass holder. They need to acquire a Letter of Consent or the work permit to work in Singapore. First, they have to get selected in a company which then communicates with the Ministry of Manpower to get a Letter of Consent (LOC) or the work permit for them.
LOC: The dependants of Employment Pass holders, EntrePass or Personalized Employment Pass holder must have a Letter of Consent to hold a job in Singapore.
Work Permit: Whereas the dependants of S Pass holders need an S Pass or an Employment Pass to hold a job in Singapore.
Being a dependant's pass holder living in Singapore gives you an edge. You can take all the time to make the decision. If you want to start your company and work as its director, you can do so after collecting thorough information about the market and your potential customer as possible. On the other hand, you have the time to search the job market and locate the right job for you.
