Company Incorporation Essentials - Singapore_Corporate

Introduction

To incorporate a private limited company in Singapore, there are some minimum requirements.
We list these requirements below.

Minimum Requirements

One shareholder (can be an individual or a company; can be foreigner)
One director (can be foreigner; must be resident in Singapore: Singapore citizen, Singapore permanent resident, employment pass holder or EntrePass holder (with Singapore residential address); must be 18 and above; not bankrupt; no criminal malpractice conviction)
One company secretary (must be ordinarily resident in Singapore; must be competent)
Initial paid-up capital of at least S$1.00
A physical Singapore registered office address (cannot be PO box)

Company Name Check

Information Required: Detailed

Your name:
- Your telephone number (including country code):
- Your email:
Proposed company's name:
Company's registered address (leave blank if you want us to provide this service):
Description of company's business:
- Country(ies) where company will operate:
- Source(s) of funding:
Shareholder's full name:
- Whether beneficial owner:
  - YES or NO
- Whether Singapore resident or not:
  - SP CITIZEN or SP PR or FIN NO
- ID number:
- Telephone number (including country code):
- Email:
- Whether a Politically Exposed Person (see Note 1):
  - YES or NO
Director's full name:
- Whether nominee director:
  - YES or NO
- Whether Singapore resident or not:
  - SP CITIZEN or SP PR or FIN NO
- ID number:
- Telephone number (including country code):
- Email:
- Whether a Politically Exposed Person (see Note 1):
  - YES or NO
OPTIONAL
- Total number of shares:
- Paid up capital:
- Currency:

To Open Bank Account: Requirements

Company board of directors' resolution
Certified true copy (see Note 2) of company’s certificate of incorporation
Certified true copy of company’s business profile
Certified true copy of company’s constitution
Certified true copy of passport or Singapore national registration identity card or FIN no. card of company director
Evidence of director's residential address
Evidence of address of ultimate beneficial owner of the company

Note 1

A Politically Exposed Person is defined as an individual who:
- is or has been entrusted with any prominent public function in Singapore (domestic PEPs) or in a country or territory outside Singapore (foreign PEPs). In this context, “prominent public function” includes the role held by a head of state, head of government, government minister, senior civil or public servant, senior judicial or military official, senior executive of a state-owned corporation, senior political party official, or a member of the legislature but excludes the role held by middle-ranking or more junior officials; or
- is or has been entrusted with any prominent public function by an international organisation (PEPs of international organisations). In this context, “prominent public function” includes the role held by a director, deputy director,
  member of the board and member of the senior management of an international organisation, but excludes the role held by middle-ranking or more junior officials.

Note 2