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
red tape.