Letter of Consent (LOC)

Are you a Dependent Pass(DP) holder who wishes to work in Singapore? Let us make your wish come true.

Who is eligible?

DP holders who wish to operate a business in Singapore must apply for an LOC. To be eligible, an applicant should be one of the following types of business owners: 

The sole proprietor of an ACRA-registered business.

A partner of an ACRA-registered business.

A company director with at least 30% shareholding in an ACRA-registered business.

Criteria for Renewal of LOC

To be eligible for a renewal of LOC, you will need to hire at least one Singaporean/PR who earns at least the prevailing Local Qualifying Salary ($1400/month) and received CPF contributions for at least 3 months.

 

5 Steps to apply for LOC

Successful registration of Sole Proprietorship or Pte Ltd company with ACRA to set up a business (1-3 working days)

Request to apply LOC (pre-approval) (1 week)

Request to apply LOC

LOC and bank account application (4-8 weeks)

Can start operating business after obtaining LOC until due for renewal