What are the basic requirements for incorporating a company in Singapore?
- Any local or foreign person can incorporate a company in Singapore
- Each company must have a minimum of 1 director and 1 shareholder
- At least 1 director must be a local resident (i.e., Singapore citizen, permanent resident or EP/DP holder)
- 100% foreign ownership is permitted
- Each company must have a minimum issued share capital of $1
- Each company must have a registered address in Singapore
- A local qualified company secretary must be appointed