Epica FAQ Series
Is it necessary to have a local resident director in a Singapore company?
Company Directors
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:
Foreigner Package
New Company Setup
S$2,400
Local Package
New Company Setup
S$1,100
Transfer Package
Existing Company
S$1,000
Singapore Branch
New Branch Setup
S$4,000
Representative Office
New Setup
S$2,500
BVI Company
Singapore Bank Account
US$2,200
