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