The 5 requirements to incorporate my company
Updated 2 years ago
by
QuentinC
The Incorporation requirements
To open a business in Singapore, the minimum requirements are:
- Between 1 - 50 shareholders: A shareholder can either be an individual or a legal entity like a trust or another company. Singapore permits 100% foreign ownership of Singapore companies.
- Paid-up capital: The minimum paid-up/share capital for a company to register in Singapore is S$1. Any time post incorporation, the share capital can be increased.
- Company secretary: Every company must appoint a company secretary. This individual will help the directors to prepare and file all necessary documentation to keep the company compliant.
- 1 or more resident directors: At all time you will need at least one locally resident director. At the time of incorporation this is someone who is a Singapore citizen, Permanent Resident, or holder of an EntrePass visa.
- A registered address in Singapore: The address that is provided for the company must be located in Singapore. It must be a physical address and a P.O. Box will not be accepted.
Other helpful things to keep in mind when registering a company
Your company's name. We’ve captured some of the Hottest Tips for Picking Your Company Name.
Your Business Activity Classification. At the time of incorporation every business in Singapore must select a SSIC code intended to describe their intended business activity.
