To establish a company in Singapore, you should first decide on several things and ensure that certain items are prepared prior to incorporation:
- Company name
- Brief description of business activities
- Shareholders' particulars
- Directors' particulars
- Registered address
- Company secretary particulars
- Your company name needs to be approved before incorporation.
- You can have several directors but at least one local resident director in Singapore. He or she will only be a director on paper to meet the requirements of the law. Both resident and non-resident directors need to be at least 18 years old, not bankrupt, and free of any malpractice charges in the past.
- You can have maximum number of shareholders limited to 50, which may or may not be directors. Shareholders can consist of both local and non-local individuals or companies.
- You need to appoint a company secretary who must be a resident of Singapore within 6 months of your incorporated.
- You need to possess a minimum of S$0 worth of paid-up share capital, S$1 worth of issued share capital to register your Singapore company and it is not required to produce evidence that the minimum issued share capital is in a bank account.
You need to provide address as the registered address of the company and it should also be based in Singapore. The registered address can be either a residential or commercial address, but not a P.O. Box.