Requirements of Setting up a Company in Singapore

Company Name Name of company must be reserved with ACRA via BIZFILE
Directors A minimum of one resident director is mandatory. (a resident is defined as a Singapore Citizen, a Singaporean Permanent Resident, or a person who has been issued an Entrepass or Employment Pass)
Directors must be at least 18 years of age and must not be bankrupt or convicted of any malpractice in the past.
No requirement for the director to be the shareholder.
Shareholders A Singapore private limited company can have a minimum of 1 and maximum of 50 shareholders.
A director and shareholder can be the same or a different person.
The shareholder can be a person or a legal entity.
100% local or foreign shareholding is allowed.
Company Secretary As per Section 171 of the Singapore Companies Act, every company must appoint a qualified company secretary within 6 months of its incorporation.
In case of a sole director/shareholder, the same person cannot act as the company secretary.
The company secretary must be a qualified person who is ordinarily resident in Singapore.
Paid-up Capital Minimum paid-up capital for registration of a Singapore company is S$1.
Registered Address A Registered address is mandatory as per the Singapore Companies Act.
The registered address must be a physical address (can be either a residential or commercial address) and not a P.O. Box.

Consideration for Foreigners

  • Engage a professional firm to register a Singapore company. Foreign individuals or entities are not allowed to self-register a company in Singapore.
  • Foreign Individuals are allowed to operate a company from overseas without the need of a visa.
  • It is mandatory to obtain an Employment Pass or Entrepreneur Pass type of work pass if you plan to relocate to Singapore to operate your company.
  • You can then act as the local resident director of your company, once you obtained a work permit.

*All Singapore company incorporation formalities (as well as work permit formalities, if applicable) can be handled without having you to visit Singapore. The only exception may be opening a bank account, depending on the bank you choose.

Required Documents

  • Company Name
  • Business Activities as per the SSIC Codes.
  • Directors’ and Shareholders’ Particulars

For non-residents: Copy of passport, overseas residential address proof, and other Know-Your-Client (KYC) information such as bank reference letter, personal and business profile, etc.

For Singapore residents: Copy of Singapore identity card and or Passport

*If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Constitution;

  • Registered Address
  • Constitution