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Corporate Service - Singapore

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Singapore Private Company Registration Frequently Asked Questions (FAQ)

Answer
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.

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