Before you register your Singapore company, you’ll need to be aware of these requirements:
- Your company name needs to be approved before registration.
- You need to appoint a minimum of one (1) local resident director. An unlimited number of additional resident or non-resident directors can be appointed as well. Both resident and non-resident directors need to be at least 18 years old, not bankrupt, and free of any malpractice charges in the past.
- You can have anywhere between 1-50 shareholders, which may or may not be directors. Shareholders can consist of both local and non-local individuals or companies, and 100% non-local shareholding is allowed. After a Singapore company is incorporated, shares can be freely issued or transferred at any time.
- You need to appoint a qualified resident company secretary within 6 months of your Singapore company’s registration. Sole directors and/or shareholders cannot act as the company secretary.
- You need to possess a minimum of S$1 worth of paid-up capital (also known as share capital) to register your Singapore company. This amount can be increased any time after your company is incorporated.
- You need to provide a local, physical Singapore address as the registered address of the company. The registered address can be either a residential or commercial address, but not a P.O. Box.
- You must submit a copy of your company’s constitution when you incorporate your company. A copy of the constitution signed by the shareholders (also referred to as 'subscribers') at point of incorporation must be kept at the company’s registered office address.