If you want to incorporate a Singapore company, you need to meet the following requirements：
1. At least one shareholder
A company must have at least one shareholder, and a private limited company may have between 1 and 50 shareholders, who may be local or foreign individuals or entities. You will need to provide personal identification, contact information (phone number and email address), and the residential address of each shareholder when you submit your application to us.
2. A local director
A director is a person in charge of managing the affairs of the company. He must make decisions objectively and in the best interests of the company. Every company must have at least 1 director who is locally resident in Singapore (e.g. Singapore citizens, Permanent residents, or holders of EntrePass/ Employment Pass). Here are the basic requirements for a company director. He must be:
- At least 18 years old;
- Of full legal capacity;
- A Singapore Citizen, Singapore Permanent Resident or EntrePass/ Employment Pass holder.
- Cannot be disqualified from acting as a director of a company e.g. an undischarged bankrupt.
- An EP holder wishing to become the director of a local company must first get a Letter of Consent (LOC) from the Ministry of Manpower
- FIN holders are advised to seek consent from the relevant pass issuing authority (e.g. MOM/ ICA) before registering or taking on appointment (e.g. Director, Secretary)
3. A company secretary
The company must appoint a secretary within 6 months of the date of incorporation. The company secretary must be:
- A natural person;
- A local resident of Singapore;
- Have relevant secretarial knowledge and experience.
The position of company secretary must not be vacant for more than 6 months. The sole director and the company secretary of the company cannot be the same person.
4. Singapore registered office address
When applying for incorporation, you must provide a registered office address. A registered office address is an address to which all communications and notices of the company are to be addressed and where the register and records of the company are kept.
- This address can be a residence or a store, but not a mailbox address. Under the Home Office Scheme, owners of HDB flats and private properties in Singapore can use their homes to run small companies. You may submit an application to the Housing Development Board (HDB) or Urban Redevelopment Authority (URA) before or after registering your company with the Accounting and Corporate Regulatory Authority of Singapore (ACRA).
- Note that the registered address of the company can be different from the address of the business operations.
- You can also choose either a shared office address or your secretary’s company address. You can contact our secretarial services team for a detailed consultation.
5. Minimum registered capital
It must be at least S$1. However, depending on the actual situation of the client and the account opening requirements of the bank, we will advise you on the feasible registered capital so that you can set up your Singapore company smoothly. Of course, you can also increase the registered capital at any time after registration, and we will assist you with the relevant procedures.