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.
A share has a nominal value and an actual value (or market value):
Yes, there are two types of shares:
1. Ordinary shares
Most companies only have ordinary shares. These shares entitle the holder:
2. Preference shares
These shares have preferential rights over ordinary shares, usually in respect to dividends.
e.g., fixed amount of dividends, or alternatively, participating in profits beyond the fixed dividend under a fixed formula.
These shares may also be given priority on in return of capital upon winding-up (but are not entitled to surplus capital).
Preference shares are often non-voting, and are redeemable.
A share is a unit of ownership interest in a company.
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.
Anyone can be a shareholder, including another company, which is called a corporate shareholder.
A shareholder is an owner of a company limited by shares.
If there is more than one shareholder, each shareholder owns a representative portion of the company.
Shareholders are entitled to receive their portion of the company’s profits.
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.
A private company limited by shares must have at least one shareholder and no more than 50 shareholders.
Yes, there are no restrictions prohibiting an individual assuming both roles.
