What Is A Business Owner's LOC And How Can You Get One?

Written By Accela Finance & Corporate Secretary

Photo by Icons8 Team on Unsplash


From May this year, the Ministry of Manpower (MOM) has stopped issuing Letters of Consent (LOCs) to allow DP holders to work in Singapore.

The move has impacted people who run their own small businesses as consultants, creators or freelance specialists, and whose salaries are too low to qualify for an EP.

The good news for DP holders who want to run their own business is that they might be able to do so as a business owner, and apply for an LOC to do so.

Click here to find out how from our experts at Accela Finance & Corporate Secretary.

Accela Finance & Corporate Secretary

Accela’s world-class finance team has experience working with over 200 companies across 20 different countries spanning 12 industry verticals. From bookkeeping to payroll to compliance, Accela’s diverse offerings can meet the many needs of any business. Our flexible approach enables us to work with all company types. Whether you’re an early-stage startup or a large multinational, Accela provides bespoke, adaptive and high-touch financial support.

https://www.accelafinance.asia/
Previous

P2HA: Avoiding Burnout As COVID Continues To Upend Our Lives
Next

5 Minutes With… Shiona Raj