| | What are the basic requirements for incorporation in Singapore? |
| What are the basic requirements for incorporation in Singapore?
The basic requirements and facts are as below:
- Anyone (a local or a foreign person) can register a new Singapore company
- 100% foreign ownership allowed
- Minimum paidup capital of $1 only
- Concept of authorized capital no longer exists
- Minimum of 1 director and 1 shareholder required
- At least one director must be a local resident director (Singapore citizen, permanent resident, or EP/DP holder)
- Must have a local registered address
- Must have a local qualified company secretary
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