Yes. There is no requirement of a local shareholder.
FAQs: Singapore Company Incorporation
Here are the basic questions and answers you need to know before forming a company in Singapore.
Can a foreign branch in Singapore hire foreign employees?
Foreign Branch offices can hire foreign staff. There are different categories of work pass schemes available. Employment Pass is the only category
Can all the directors in the foreign branch be foreign?
Though all the directors in the Foreign Branch may be foreigners, all Foreign Branches in Singapore require the appointment of 1 local agent.
Can I apply for a Letter of Consent prior to incorporating a Singapore company? Why do I need to appoint a resident director?
Only companies which are incorporated in Singapore can sponsor Letter of Consent (LOC) applications. All Singapore registered companies must have a
Can I apply for an Employment Pass prior to incorporating my Singapore company? Why do I need to appoint a resident director?
All Employment Pass applications can only be submitted once the Singapore company has been incorporated. In order to incorporate a Singapore company,
Can a Singapore subsidiary hire foreign employees?
Singapore Subsidiaries can hire foreign staff. There are different categories of work pass schemes available. Employment Pass (EP)is the only category
Can all the directors in the subsidiary company be foreign?
The subsidiary company, which will be a Singapore Private Limited Company, must have at least one director who must be a resident in Singapore, i.e.
How soon can I start using my company’s paid-up capital?
There is no lockup period for paid-up capital. You can start using it for your company needs immediately.
Am I required to visit Singapore to set up the Company?
No. A Singapore company can be set up without you needing to visit Singapore.
Are all start-up companies eligible for Start Up Tax Exemption (SUTE) even if all shareholders are foreigners?
Yes, you are eligible for Start Up Tax Exemption (SUTE) provided the following conditions are fulfilled. The company must not have more than 20
