Requirements for Company Registration in Singapore?

A company secretary handles responsibility within the company and guarantees that the company is in compliance with Singapore laws. He or she must be a Singapore local resident as foreigners are not allowed to be appointed as company secretaries. The single director of a company cannot also act as a company secretary. In this case, at least two directors or a separate director and a separate secretary are needed.

• A Singapore resident is registering a company in Singapore. This person is taking the shareholding, as well as the Directorship, of that company. Since he is a Singapore resident, he has already met the local director requirement and he does not have to take additional procedures for such requirement. However, since there is only one director, he can no longer act as the company secretary. Thus, he needs to appoint a relative or friend to be his company secretary or seek help from a professional firm. Professional firms in Singapore can immediately provide him with a company secretary from their staff.
• Two foreigners from India are registering a company in Singapore. They also plan to act as the company directors and shareholders; hence, there will be two foreign directors and two shareholders. Nevertheless, they have no local director appointed yet. They have to either look for a relative or friend who can act as one or ask a corporate secretarial firm to provide them with a nominee director. In this case, there would be three company directors. The local director can also act as the company secretary or the corporate secretarial firm can also provide them with one.