Can DP holder be the owner of Sole Proprietorship?

Can DP holder be the Sole Proprietor of business?

• Yes. DP (Dependant’s Pass) holder is considered as the local resident. Hence, the DP holder could register a Sole Proprietorship with ACRA as the Owner.

However, the DP holder could start to run and manage the Sole Proprietorship 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