Yes, every Singapore company must have at least one director who is “ordinarily” resident in Singapore, which means either a Singapore citizen, a Singapore permanent resident, an employment pass/entrepreneur pass holder, or a dependant’s pass with a residential address in Singapore.

Importantly, a company director and shareholder can be the same or different person in Singapore.

For those who wish to set up a Singapore company but cannot relocate to Singapore, we provide the services of a resident nominee director on a long-term or temporary basis. This can help you in fulfilling the Singapore companies’ statutory requirement of a resident director.

Apart from the huge tax advantage, and benefits of over 100 comprehensive trade agreements, one of the major advantages of incorporating a private limited company is that it is a separate legal entity and is limited by shares. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital.

• at least one shareholder which may be an individual or a corporate entity
• one resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependent Pass holder)
• one resident company secretary
• initial paid-up share capital of at least S$1, or equivalent in any currency
• a physical Singapore office address, and cannot be a PO Box

Yes, 100 percent local or foreign shareholding is allowed in Singapore.

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