A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.
Typically the following documentation will be required:
* 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:
It is also exempted from prohibitions against loans to its directors or to companies related to its directors.
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.
There are several options to consider:
A Singapore resident is a Singapore citizen, a Singapore Permanent Resident or am EP holder who is residing in Singapore.
The company must have at least one director who is a Singapore resident.
Directors are responsible for decision-making, running the business and ensuring the company is in compliance with its statutory obligations.
No, directors are permitted, but not required to own shares in the company. Likewise, a shareholder is permitted, but not required to be a director.
No, however, there needs to be at least one director who is a Singapore resident.
Yes, each company must appoint at least one director who is a Singapore resident
Every Singapore company must have at least one director who is a Singapore resident.
Qualifications of a Company Director
I could be wrong, but isn't the age of majority in Singapore 21?
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.
Yes. Directors must be appointed in the manner as prescribed in the company’s articles of association.
Yes. Directors may be removed in the manner as prescribed in the company’s articles of association.
Yes, the Companies Act classifies all appointed directors as officers of the company.
No. A director must be a natural person.
As the responsibilities of a company director are rather onerous, we usually require certain conditions to be met before we offer this service, such as:
A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.
