Singapore Company Formation Requirements
What are the requirements for company formation in Singapore? The first is that one director is a Singaporean citizen or a resident with a work permit. If a foreigner wishes to serve as the local director of the company, they will have to apply for an Employment Pass/Approval-In-Principle letter at the Employment Pass Department of the Ministry of Manpower.
What are the other requirements for Singapore company formation?
Singapore only requires one director and shareholder for company formation and the entity needs to have a local address and qualified secretary. Shareholders can be corporations and from any nationality. The company name needs initial approval from the Registry of Companies & Businesses. Following initial approval, the documents are sent for incorporation.
The documents you must present to meet the Singapore company formation requirements are:
- Name of your company
- Registered address
- Description of your company’s activities
- Memorandum and Articles of Association
- Registration fees that depend on your entity’s share capital
- Details for your shareholders, directors and company secretary