Can a Singapore subsidiary have both a Korean parent company and individuals as shareholders?

Yes. You can set up a Singapore company with both a Korean parent company and individual shareholders, and a private limited company (Pte. Ltd.) can have up to 50 shareholders in total, including corporate and individual shareholders.

Shareholdings can be set freely, and individual shareholders must also provide identification documents such as a copy of their passport and proof of address.

• If there is a corporate shareholder: The company does not qualify as an Exempt Private Company and is classified as an ordinary private company.

Lee Kim Alliance provides a company incorporation service.

As of November 2026, source: ACRA