Can LTVP Holders Serve as Directors in a Singapore Company?

Yes, but there are strict rules:

• Cannot be the sole director; a second director (local or foreign) is required.
• For ICA-issued LTVP with PLOC, holders can be directors of multiple companies after submitting e-notifications to MOM.
• Cannot start a business or be a director without obtaining the LOC/PLOC.
• Considered employees of the company, not business owners.

Osome assists with company incorporation and submission of LOC applications to ensure LTVP holders can be legally appointed as directors.