No, it is not necessary. If you are lacking a local director, you can engage us for our Nominee Director Service.
FAQs: Singapore Company Incorporation
How long does it take to open a corporate bank account in Singapore?
Depending upon the bank, it may take anything from one day to a few weeks.
How long will it take to register a Singapore subsidiary?
In Singapore, the subsidiary company can be setup within an hour if all the documents are in order. When you incorporate with Rikvin, our computerized
How long is the Employment Pass (EP) valid for?
The validity period for first-time applicants is up to two years. Employment Pass (EP) can be renewed subject to applications meeting the prevailing
How does the director convene a shareholders’ meeting?
A company usually has at least one meeting in a year which is known as the Annual General Meeting (AGM). The directors must ensure that the first AGM
How do I find out if the name for my company is available?
Upon your submission of the proposed name, Rikvin will process the name reservation with the Accounting And Corporate Regulatory Authority (ACRA),
Does the paid-up Capital stay locked in the bank account of the Company?
No, the paid-up capital can be taken out immediately, but the money can be spent only for the business needs of the company.
Does Singapore have any restrictions on foreign ownership?
Singapore has no restrictions on foreign individual or corporate shareholder owning 100% of the company.
How are shares in a company issued?
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
How do I register my Branch Office with the Accounting And Corporate Regulatory Authority (ACRA)?
There is a two-step process to register with the Accounting And Corporate Regulatory Authority (ACRA): The name of your branch office has to be
How long is registration for a Branch Office valid for?
Once approved, registration for a Branch Office in Singapore is valid for one year and subject to an annual renewal.
How long will it take to register a foreign branch in Singapore?
In Singapore, the Foreign Branch Office can be setup within a week if all the documents are in order. Once documentation is in order, the foreign