Question 1

Can a foreign individual or a foreign company be 100% shareholder of a Singapore company?

Accepted Answer

Yes, 100% foreign shareholding is allowed in Singapore.

Question 2

What are the requirements to register a company in Singapore?

Accepted Answer

For Singapore company incorporation, there are a few requirements. These include:

At least one shareholder which may be an individual or a corporate entity
One resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependant Pass holder)
One resident company secretary
Initial paid-up share capital of at least S$1, or equivalent in any currency
A physical Singapore office address, and cannot be a PO Box

Question 3

Can Work Permit/ S Pass holders be the Director or Shareholder of a Company?

Accepted Answer

No, they cannot operate or manage any businesses in Singapore.

Question 4

Why is it lagging?

Accepted Answer

You may want to check if there is a weak internet connection, otherwise you may want to restart your browser. If you have checked that you do not have a weak connection and that you have tried restarting your browser but the lag persists, it might be that our website is undergoing maintenance, we apologize for any inconvenience caused.

Question 5

How long will the company incorporation take?

Accepted Answer

The application is usually processed within the same day after we have received all the documents and payment required. Note: The incorporation process may take between 14 days to 2 months if the application needs to be referred to another agency/ACRA for approval or review.

Question 6

How do I decide on the Company’s Financial Year End (FYE)?

Accepted Answer

We would usually recommend our clients to fix the Company’s FYE on the last day of the 11th month since incorporation to fully maximise the tax exemptions that new start-up companies are entitled to for the first 3 years. After the first 3 years, you can then choose to decide to change your FYE to any other FYE you prefer. If the tax exemption is not of interest to you, you are able to choose whichever FYE that best suits your company right off the bat.

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