You can only rent the entire unit or rent premises for residential use for long stays of six months or more, provided you meet certain conditions. For example, there should be only one lease or one principal tenant per unit to cover the number of occupants when you rent your entire unit. PD holders can work in Singapore as soon as their employer receives a letter of approval (LOC) from the Ministry of Labour. An LOC allows a DP holder to work in Singapore. Work permit holders in the construction, navigation and process sectors must be Malaysians. Manufacturing work permit holders must also be Malaysians when renting an entire HDB home. The validity of your MOU is independent of that of your spouse. This means that you do not lose your right to work in Singapore if your spouse`s situation changes. You may own a private company limited to Singapore as a shareholder if you hold a Dependant Pass (DP).
Anonymous companies are responsible and it is easier to raise capital. A Pte Ltd is taxed at the entity level and you can benefit from incentives and tax exemptions. It can be easy to add owners and transfer ownership shares to a Pte Ltd. company. In addition, Singapore allows 100% foreign ownership of these types of enterprises; Pte Ltd. however, companies have high compliance and maintenance costs. If you are a tenant, you have the right to negotiate all the terms of the tenancy agreement that does not satisfy you. A DP holder is entitled to an LOC if he or she can meet all the following requirements: family members holding professional and S-Pass passports can travel to Singapore with an out-of-pocket passport. Only legally married spouses and children under the age of 21 can apply. Please note that work card and S-Pass holders must earn at least 6,000 S/month to qualify for the participation of their loved ones in Singapore. If your potential tenant is a foreigner, please check their immigration status using ICA`s iEnquiry system.
You can also check their validity at the job or S-Pass via the MOM website. You cannot rent your HDB apartment to parties with other HDB properties, unless this system allows you to rent a studio studio or a two-room HDB apartment. The monthly rent depends on your income.