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Can DP holder be the Partner of Limited Liability Partnership (LLP)?
Can DP hold partnership in LLP?
- Yes. DP (Dependantβs Pass) holder is considered as the local resident. Hence, the DP holder could be registered as one of the Partners of Limited Liability Partnership (LLP) with ACRA.
However, the DP holder could start to run and manage the Limited Liability Partnership (LLP) only with the approval of Letter Of Consent (LOC) from the Ministry Of Manpower (MOM).
Click here to learn more about LOC for DP holders who are the business owners