A shareholder can be an individual or a company (commonly known as a corporate shareholder) who owns a share or multiple shares of the company. A company can be owned by multiple individuals or a single corporate shareholder. To be considered a shareholder, you must own at least one share of the company. Shareholders (often referred to as, “the members”) are the actual owners of the company. The minimum number of shareholders is one; the maximum number of shareholders is twenty in the case of an exempt private limited company.
Singapore Companies Act allows local and foreign Corporate and Individual shareholders to own 100% of Singapore companies.
When you set up a company, you will decide on the number of share capital and its value per share. This is then included in the company’s Memorandum of Association.
This sets out:
- the amount of share capital the company will have
- the division of the share capital
- the founders of the company who will need to sign on the memorandum and state the number of shares subscribed by them