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Can DP holder be the Partner of Partnership?

In:

Can DP holder be one of Partners of Partnership?

  • Yes. DP (Dependant’s Pass) holder is considered as the local resident. Hence, the DP holder could be registered as one of the Partners of Partnership with ACRA.

However, the DP holder could start to run and manage the Partnership 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

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