Formation of Companies
What are the basic requirements?↓
The eligibility requirements are as follows:
(a) Any person (either local or foreigner) can start or register a new company in Singapore
(b) Must have a local registered address
(c) Must have a local company secretary
(d) Must have a minimum of one director and one shareholder
(e) Must have at least one director who is a local resident director (i.e. Singapore citizen, Permanent resident of Singapore or an expatriate holding a valid employment pass)
(f) 100% foreign ownership is allowed
(g) Minimum paid-up capital of $1 only
Application for a company name↓
An application for a company name is the first step to the incorporation of a company. An approved company name will be reserved for 60 days from the date of the name application.
What is the registration processing time?↓
A company is usually incorporated within 15 minutes after the registration fee is paid. However, application for registration may take between 14 days to 2 months if it is necessary, due to the nature of the applicant’s business, to refer to another authority for consideration or comments before being granted approval.