Can Dependant Pass DP holder be the Shareholder of Company?

Can DP holder be the Shareholder of Private Limited (Pte Ltd) Company?

Can DP be the Shareholder of Pte Ltd company?

Can DP be the Sole Shareholder of company?

• Yes. DP (Dependant’s Pass) holder could be registered as the Shareholder of Pte Ltd with ACRA.

However, the DP holder could start to run and manage the Pte Ltd Company 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