To establish a company in Singapore, you should first decide on several things and ensure that certain items are prepared prior to incorporation:
- Company name
- Brief description of business activities
- Shareholders' particulars
- Directors' particulars
- Registered address
- Company secretary particulars
- Your company name needs to be approved before incorporation.
- You can have several directors but at least one must be a local resident director in Singapore. He or she
willmay only be a director on paper to meet the requirements of the law. Both resident and non-resident directors need to be at least 18 years old, not bankrupt, and free of any past malpractice charges
- Your company can have a maximum of 50 shareholders who may or may not be directors. Shareholders can consist of both local and non-local individuals or companies.
- You must appoint a company secretary who is a resident of Singapore within 6 months of your company’s incorporation.
- You must possess a minimum of S$0 worth of paid-up share capital, and S$1 worth of issued share capital to register your Singapore company. You are not required to produce evidence showing that the minimum issued share capital is in a bank account.
You must provide an address based in Singapore to serve as the registered address of the company. The registered address can be a residential or commercial address, but not a P.O. Box.