Singapore Company Registration Essentials
If you are aspiring to run your company in Singapore, you need to know the basics such as the persons required in constituting the company, relocation, and business address.
The persons involved refer to the resident director, the shareholder, and corporate secretary. Two of these positions, the resident director and corporate secretary have functions to perform that are vital to the success of the company.
The shareholder, on the other hand, is needed most especially during board meetings and annual general meetings where issues and other concerns are decided through casting a vote. Unlike the other two positions, which should be occupied by two separate individuals, the shareholder can be a natural person or another legal entity.
In most cases, the foreign investor relocates to Singapore, where he takes the resident director’s position by holding a work visa such as an Singapore Entrepreneur pass or Singapore Employment pass.
If you were the investor, you also have the choice of staying abroad. What you should do however are two things: first, secure the resident director’s requirement; and second, apply for a long-term business visa if your nationality requires you to have one before you can stay in Singapore for long durations.
In the resident director’s requirement, you can appoint someone to occupy such position while the location of your business must be valid and verifiable. It can be residential or commercial, as long as it is not a P.O. Box.
Find out more on: Singapore Company Registration
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