I AM co-founder of a European multi- media company planning to
locate operations in Singapore. I spent one day visiting government
agencies seeking advice about the best corporate structure.
I wanted to understand how to set up a representative office,
wholly owned subsidiary and joint venture with a newly established
local company as well as the benefits each offered. I also wanted
to know the best way to get an employment pass.
I began with International Enterprise (IE) Singapore. It could
not help and directed me to the Accounting and Corporate Regulatory
Authority (Acra). After explaining to an Acra staff member why I
was there, the following exchange occurred:
Receptionist: You are a foreigner?
Me: Yes
Receptionist: You have to go to the DP Bureau (a one-stop
business advisory centre for entrepreneurs and business
owners).
At the bureau, I was told to pay $10 to find out about the
options I had. I left and went to the Ministry of Manpower (MOM) to
learn about applying for an employment pass. At first, I was
advised to visit IE Singapore, but MOM subsequently arranged for me
to speak to one of its staff members, who recommended applying for
the EntrePass (an employment pass for foreign entrepreneurs seeking
to start a business in Singapore).
Unfortunately, her suggestion contradicted advice I had received
from another government agency. In sum, I was no clearer about my
options.
I find it unsettling that a public agency would direct me to a
for-profit organisation that would charge me for information. Also,
I find the need to engage an agent to help set up a company that
will bring employment, expertise and revenue here contrary to
Singapore's deserved reputation as a place to do business.
It struck me that many seem to be more concerned about passing
me on to someone else rather than assisting me.
Alan Murphy