What are the basic requirements for incorporation in Singapore?-Company Formation_Trademark Registration_Tax Service - Hong Kong CPA

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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