Can EP holders be registered as directors in another company apart from the company their pass is approved under?

Question

Accepted Answer

Yes, but only if the EP holder has obtained a Letter of Consent (LOC) from MOM.

We recognise that secondary directorship positions in related companies, e.g. subsidiary, may be critical to the EP holder’s job role. As such, we would generally allow EP holders to take up such secondary roles by granting an additional “Letter of Consent”.

If the secondary directorship position is in an unrelated company, the LOC application will be assessed by a sector government agency that regulates or promotes the development of the industry. The LOC may be granted if the agency supports the application.

Employees of fund managers licensed by the Monetary Authority of Singapore (MAS) would be allowed to take on directorship for their investment vehicles as this is supported by MAS.

Can EP holders be registered as directors in another company apart from the company their pass is approved under?

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Related questions

Do Overseas Networks & Expertise Pass holders require a Letter of Consent to hold secondary directorship?

I applied for a Letter of Consent (LOC) for secondary directorship. Why was I rejected due to there being no common corporate shareholding relationship?

The EP holder is working for company A and is listed as a director in ACRA for company B. Can he take up a secondary directorship position in company B before getting an LOC?

Is a foreigner required to apply for an EP if he is registered as a director of a company in Singapore but not a resident of Singapore?

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