Home FAQ Corporate Service Singapore Singapore Private Company Registration Frequently Asked Questions (FAQ)
Singapore Private Company Registration Frequently Asked Questions (FAQ)
Q: |
How many directors are required to register a private company in Singapore? |
A: |
A Singapore private company registration requires at least one (1) director. A director must be a natural person and above 18 years old. A corporate entity is not allowed to be a director. |
Q: |
Does a Singapore private company require a local resident director? |
A: |
Yes, a Singapore private company must appoint at least (1) director who is a local resident. A local resident refers to a Singapore citizen, permanent resident, EntrePass holder or an Employment Pass holder (issued under the same company where the individual to be appointed as a director). |
Q: |
What are the minimum and maximum number of shareholders a Singapore private company can have? |
A: |
A Singapore private company registration requires at least one (1) shareholder. The maximum number of shareholders is fifty (50) for a private company. A shareholder can be an individual or a corporation. |
Q: |
Can a foreign individual or corporation be registered as a sole shareholder in a Singapore private company? |
A: |
Yes, Singapore Companies Act allows the foreign individual or corporation to hold 100% shares in a private company. Thus, a foreigner can register a private company in Singapore as sole shareholder. |
Q: |
What is the minimum share capital required to register a private company in Singapore? |
A: |
The minimum paid up capital requirements for a Singapore private company is SGD1.00. However, certain business activities that requires a license may need to register a higher paid up capital to fulfil the licensing requirement. |
Q: |
Does a Singapore private company require a registered address in Singapore? |
A: |
Yes, each company must provide a local Singapore address as the registered address of the company. A registered address must be a physical office address located in Singapore and cannot be a Post Office Box (P.O. Box). It serves as a place for receiving official correspondence and keeping the statutory records. |
Q: |
Can a foreigner register a Singapore private company himself? |
A: |
It is not possible. All foreigners must engage a licensed corporate service provider in Singapore to register a private company in Singapore. |