This guide provides an overview of the general statutory compliance requirements that apply to Singapore private limited companies. For details on how to incorporate a Singapore company, see Singapore Company Registration guide.
*Note: Please note that there has been an amendment to the Companies Act which are not reflected on this page yet. To view the updated information, please visit this page:
Overview of the Key Amendments to Companies Act (Phase 1).
Each Singapore company must appoint a local company secretary. The company secretary must have the requisite knowledge and experience to discharge the functions of a company secretary.
Each Singapore company must have a registered office in Singapore which must be open and accessible to the public during normal office hours.
Local Resident Director
A Singapore company can have any number of local and foreign directors. However, the company must have at least one director who is “ordinarily resident in Singapore” i.e. Singapore Citizen, Singapore Permanent Resident, or a person who has been issued an Entrepreneur Pass or Employment Pass. Any person above the age of 18 years may be appointed as a director. However, certain individuals e.g. bankrupts, are disqualified from holding director positions.
Financial Year End
Each Singapore company must fix its financial year end (FYE). If the company is a subsidiary company, its FYE must coincide with the financial year end of the holding company. Otherwise the choice of the company’s FYE date is left for the company to decide.
Appointment of Auditors
Each Singapore company shall appoint an auditor within 3 months from the date of incorporation, unless it is exempted from audit requirements. To be exempt from audit requirement, a company must satisfy all of the following: