COMPANY INCORPORATION

Both locals and foreigners are welcome to register a company in Singapore, with no restrictions on ownership. The shareholders can be individuals or legal entities.

A Private Limited Company: • must appoint a Company Secretary within 6 months of company incorporation • must appoint a company auditor within 3 months of company incorporation, unless legally exempt • must file annual returns and comply with statutory requirements for annual general meetings (AGMs), etc • must have at least 1 shareholder and maximum of 50 shareholders • must have at least 1 ordinarily resident director (corporate directors are not allowed) • must have at least 1 local registered business address • must have a share capital of minimum of 1 Singapore dollar

The Corporate Secretary must be a resident of Singapore and possess the necessary qualifications and experience.

No, all private limited companies in Singapore must appoint a Company Secretary, regardless of size. Even if the business is small, it is still legally required to maintain compliance with ACRA’s regulations.

The Company Secretary is responsible for ensuring the company compliance with Companies Act and regulatory obligations and filings depending on the nature and size of the business, including: • preparing constitutions and resolutions • organising Board of Director Meetings and Annual General Meetings (AGMs) • handling appointments and resignations of Directors/Auditors/Officers • applying for changes in business activities, financial year-end, company name, address • maintaining statutory registers books and records • sending reminders regarding compliance deadlines • preparing and file annual returns with ACRA

Must be a physical place (no P.O. Boxes allowed)