A director can hold the position of company secretary only if he or she is qualified to do so, and the company has more than two directors and the director is qualified to do so.
A private company limited by shares must have at least one shareholder and no more than 50 shareholders.
A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.
Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.
A company is a business entity registered under the Companies Act, Chapter 50. Most companies in Singapore are private companies limited by shares and are recognized by the suffix “Pte Ltd”.
Yes, there are no restrictions prohibiting an individual assuming both roles.
own the company and are entitled to the profits of the company.
Manage and oversee the company’s operations, and deal with everyday responsibilities.
Typically the following documentation will be required:
* Any documents that are not in English must be officially translated into English.
A private company is a company that can have a maximum number of 50 shareholders. Its constitution restricts the right of its members to transfer their shares in the company.
A private company limited by shares can be classified as an small company.
The key characteristics of an small company are:
Local Employees (Singapore Citizens and Permanent Residents): You will be required to pay Central Provident Fund (CPF) contributions for each local employee at the specified rate calculated according to a percentage of their salary.
Foreign Employees: CPF contributions are not required for foreign employees.
In Singapore, employees are responsible for their own income tax payments and employers are not required to withhold any income tax, except when an EP holder plans to leave Singapore, in which case a tax clearance certificate is required.