A Dependant Pass (DP) holder who wish to run their own business have the option to apply Letter of Consent (LOC).
In order for a Dependant Pass (DP) holder to qualify for LOC, you must meet the following conditions:
Either a sole proprietor/partner/Company director in ACRA registered business who owns at least 30% of shares in the Company
Company employs at least one (1) Singaporean / PR who earns at least SGD$ 1,400 (local qualifying salary) and receives CPF contribution for at least 3 months
A letter of consent (LOC) does not have a minimum qualifying salary for its holder. However, it is crucial for the Company to prove that it has the sufficient fund, active business as well as support local hiring within the Company before they are able to proceed with LOC application.