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Epica FAQ Series

Is it necessary to have a local resident director in a Singapore company?

Company Directors

Is it necessary to have a local resident director in a Singapore company?

Under Section 145(1) of the Companies Act, every company that is incorporated in Singapore must have one local resident director.

A local resident could be anyone from the following:

  • Singapore citizen
  • Singapore permanent resident
  • Work pass holders like EntrePass, Employment Pass, or Dependent Pass holder with Letter of Consent

Foreigner Package

New Company Setup

S$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

Accreditations and Partners

  • ACRA
  • ISCA
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  • XERO
  • STRIPE
  • DOCUSIGN
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