Private Limited Company
A company is a business entity registered under the Companies Act, Chapter 50. Most companies in Singapore are private companies limited by shares- “Pte Ltd”. All companies must be incorporated with the Accounting and Corporate Regulatory Authority (ACRA).
Minimum 1 individual director is required and at least one director has to be an ordinary resident of Singapore (e.g. Singapore citizen, permanent resident, employment pass holder).
Minimum 1 individual shareholder or 1 corporate body as 100% shareholder is required. A foreign shareholder is needed.
All private limited companies are required to have a company secretary.
All private limited companies are required to have a local registered address (P.O. Box is not allowed).
Minimum paid up capital is S$1.00
Directors: Singapore Companies Act requires a minimum of one director who must be a Singapore citizen, permanent resident or an Entre Pass/Employment Pass/Dependent Pass holder. A person appointed to be a director must not be bankrupt nor has prior record of malpractice. A director must be at least 18 years old.
Shareholders: A maximum of 50 shareholders that can be an individual or a corporate entity. A director and shareholder can be the same person or separate individual. 100% local or foreign shareholding is allowed.
Company Secretary: All private limited company must appoint a Company Secretary within 6 months of its incorporation. The Company Secretary must be a Singapore resident.
Paid-up Capital: The minimum paid-up capital for registration of a Singapore company is S$1. However if the director is an Entre Pass holder, the paid-up capital will be S$50,000.
Registered Address: All incorporated companies in Singapore are required to have a local registered address as the company address. Address with a PO Box is not allowed.