Planning to relocating staff from head office to Singapore Company
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Written by: bryanwong
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Date: Wed, 11 Jan 2012 |
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Every year thousands of foreign owned companies get incorporated in Singapore. Many of these companies employ professionals from the local market but at the same time need to relocate staff from the head office to their Singapore Company. This is done to ensure proper management of the firm and also to ensure the Singapore operations are setup without any hassles and to train the local work force on company policies, processes and activities. Those foreign companies that want to incorporate a company in Singapore and then relocate staff from the overseas office must plan this carefully to ensure there are no delays in the company operations.
As per the prevalent law, every foreign professional you want to relocate from the overseas office must apply for an employment pass in Singapore. There are no quotas for processing employment visas for foreigners and each case is treated on its own merit in Singapore. With the recent amendments in the employment pass scheme, foreigners that want to relocate to Singapore need to have a better salary and a better educational qualification from before. Companies should study the eligibility criteria for foreign professionals and shortlist staffs according to the chances of successfully applying for the employment pass in Singapore.
Another aspect foreign companies should be aware of is that the employing company needs to endorse the employment pass application of the foreign professional. In this case, since the foreign company is just getting incorporated in Singapore, they need to first wait for their own company registration formalities to be completed and then immediately apply for the employment pass for each of the staff members they need to relocate. Typically it takes at least a month for the Ministry of Manpower in Singapore to process employment pass applications and hence companies should take care of local staff requirement during this period. Authorities in Singapore would not only consider the background of the foreign professional while processing the visa application, they would be assessing the employing company as well.
When a new foreign company is incorporated, they typically need a nominee director service to fulfill the local resident director requirement. Those companies that plan to relocate someone from the head office to act as the director must start the visa application process immediately after the certificate of incorporation has been received in Singapore. Once the foreign director successfully relocates to Singapore, they can start acting as the local director and the nominee director service may be terminated.
Bryan Wong is a business analyst in the Asia-Pacific region and in his free time writes business articles. In this article, Bryan talks about Singapore Company Setup and Singapore Employment Pass.
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