What type of local registered address is required to open a company in Singapore?
A local registered address is one of the minimum requirements for opening a company in Singapore. The registered address must be a physical address in Singapore i.e a physical location and not just a Post Office Box (PO Box).
Residential addresses can be used as a business address under the Home Office Scheme. However, prior approval from the Housing Development Board (for HDB flats) or Urban Redevelopment Authority (for private properties) must be obtained in order to use residential premises (owned or rented) for home office use.
Do I need to invest S$50,000 for registering my business in Singapore?
Only foreigners who wish to relocate to Singapore under the Singapore Entrepreneur Pass scheme in order to operate their newly setup Singapore company are required to invest a minimum sum of S$50,000 as paid-up capital at the time of company incorporation. Local entrepreneurs (i.e Singapore citizens and Singapore Permanent Residents) and foreign entrepreneurs who are relocating to Singapore under the Singapore Employment Pass scheme do not need to invest S$50,000 in order to register their business in Singapore. The only minimum investment that is mandated by authorities is paid-up capital of S$1 at the time of Singapore company registration.
Who can act as the company secretary for a Singapore company?
In order to act as a company secretary for a Singapore company, the person must be: