A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.

Typically the following documentation will be required:

• Details of the proposed subsidiary name, share capital, shareholder(s), director(s) etc.
• Copy of Singapore ID (where applicable) and passport of each director and individual shareholder
• Certificate of incorporation of the parent company and company profile reflecting registered address and directors of the parent company.

* Any documents that are not in English must be officially translated into English.

Yes, there are no restrictions prohibiting an individual assuming both roles.

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”.

Shareholders
own the company and are entitled to the profits of the company.

Directors

Manage and oversee the company’s operations, and deal with everyday responsibilities.

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.

Maximum number of shareholders is limited to 50 and the constitution restricts the right of its members to transfer their shares in the company.

A private company limited by shares can be classified as a exempt private company.

The key characteristics of an exempt private company is:

• No more than 20 shareholders; and
• All the shareholders are individuals.
• Exempt private companies with an annual revenue of less than S$5 Million are exempted from audit requirements and are not required to file financial statements with the ACRA.

It is also exempted from prohibitions against loans to its directors or to companies related to its directors.

• Private/public company limited by shares
• Public Company Limited by Guarantee

A private company limited by shares must have at least one shareholder and no more than 50 shareholders.

Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.