Singapore Company Incorporation with Nominee Director Service

Singapore Company Registration Requirements

The most common type of business entity to be incorporated in Singapore is the Private Limited Company. A Singapore Private Limited Company has a separate legal entity from its shareholders, and therefore is not liable for the debts and losses of the company beyond the amount of their share capital. A local/foreign person or a foreign entity can register a Singapore company. 100% foreign ownership of the company is allowed.

Setup requirements for Singapore company registration

• Minimum 1 Corporate Shareholder + 1 Resident Director + 1 Company Secretary
• Minimum initial paid-up share capital is S$1*
• Singapore Companies must have a Singapore registered office address

Shareholders: A minimum of at least one corporate or individual shareholder is required. A director and shareholder can be the same or different person(s). 100% local or foreign shareholding is allowed. The Singapore Companies Act allows a minimum of one and a maximum of 50 shareholders for a Singapore Private Limited Company. Details of shareholders will appear on public records.

Resident Directors: A Singapore Private Limited Company must have at least one director who must be an “ordinary” resident in Singapore, i.e. a Singapore citizen, a Singapore permanent resident or a person who holds an Employment Pass/EntrePass or a Dependant Pass with a residential address in Singapore.

There is no limitation on the number of additional local or foreign directors a Singapore Private Limited Company can appoint. The director must be at least 18 years of age, and must not be bankrupt or convicted of any criminal malpractice in the past. Information of the directors will appear on public records. Directors can also be shareholders or vice versa.

Company Secretary: The company secretary must be a natural person who is an “ordinary” resident in Singapore. The Singapore Companies Act requires each company to appoint a company secretary within six month of incorporation.

Share Capital/Paid-up Capital*: The minimum paid-up capital for the registration of a Singapore company is S$1 or its equivalent in any other currency. The minimum issued capital is one share of par value. “Bearer” shares or “No par value” shares are not permitted. The Share or paid-up capital can be increased any time after the incorporation of the company.

Registered Address: Every company registered in Singapore is required to have a registered office address. The registered address must be a physical address and cannot be a PO Box. The use of residential address is allowed for certain types of business.

To learn more about Singapore Company Registration Requirements

Singapore Nominee Resident Director

The Singapore Companies Act requires all Singapore Private Limited companies to have at least one individual director who is ‘ordinarily’ resident in Singapore.

A Singapore resident can be one of the following:

• Singapore Citizen
• Singapore Permanent Resident
• Singapore Employment Pass/EntrePass/Dependant Pass holder with a residential address in Singapore

If you do not have a local Singapore resident director to meet the requirement of the Singapore Companies Act, you can engage our Nominee Director Service. We will provide you the service of  a local Nominee Director for your company, provided the followings conditions are met:

• The service is offered for statutory compliance only. The Nominee Director will not be involved in any financial or operational matters or management of the company.
• You must appoint one or more individuals (normally the company shareholders) to be the directors that are responsible for running the company operations.
• You must satisfy our initial and ongoing KYC requirements.
• Execute our Nominee Director Indemnity Agreement.

We will also require a refundable security deposit for the provision of the Nominee Director Service. The service can be terminated any time at your convenience. You, however, must appoint a new Singapore resident director to meet the statutory requirement.

Step 1 – Submit Your Request and Provide Incorporation Details

Please provide us your details in the Pricing & Signup tab.

Upon receipt of your company incorporation details, we will:

• Check your proposed company’s name availability.
• Follow up with you to clarify queries (if any) and advise accordingly.
• Send you an invoice for our services.

Step 2 – Make Payment

We will commence with the preparation of incorporation documents upon receiving the payment for services as reflected in the invoice. We accept payment via cash, cheque, telegraphic transfer and credit card.*

You will then have to sign the incorporation documents either in Singapore before us or before Notary Public if you are overseas.

*(Admin surcharges apply.)

Step 3 – Incorporate Company and Open Bank Account

Upon the signing of the incorporation documents, we will proceed with the registration of your company with Accounting and Corporate Regulatory Authority of Singapore (ACRA).

Once the company has been incorporated, we will help you open a corporate bank account.

Documents Checklist

Required Registration Documents

For Directors/Shareholders:

1. Copy of NRIC/FIN/Passport personal page of Directors/Shareholders
2. Completed/signed KYC Form
3. Bank Reference Letter
4. Proof of Address (e.g. bank statement, utility bill not older than 3 months)

For Corporate Shareholders:

1. Copy of the Certificate of Incorporation of the holding company
2. Copy of business profile “Extract” of the holding company
3. Copy of passport personal page of Parent Company’s representative who will be signing the incorporation documents