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Eligible Identities for Registering a SG Company
2023-08-28



Are you considering starting a business in Singapore? The good news is that the process of company registration in Singapore is remarkably straightforward. Whether you're a local resident or a foreign entrepreneur, Singapore offers a conducive environment for establishing and running your business. In this blog post, we'll walk you through the essential requirements and guidelines for registering a company in Singapore.


Eligibility Criteria for Company Registration in Singapore

1. Age Requirement: The person registering the company must be at least 18 years old.

2. Local Director Requirement: Any individual or company, regardless of nationality, can register a company in Singapore. However, the company must have at least one local director. A local director must meet one of the following conditions:
A. Singapore Citizen (SC)
B. Singapore Permanent Resident (PR)
C. Entrepreneur Pass (EntrePass) Holder


Singapore Citizen (SC) or Permanent Resident (PR)


If you are a Singapore Citizen (SC) or Permanent Resident (PR), you have the following options:
1.You can directly register the company.
2.If you are the sole founder, you can also assume the roles of both director and shareholder, but you must appoint a company secretary.


Combination of SC/PR and Foreign Individuals


1. A Singapore Citizen or Permanent Resident must serve as a director.
2. A Singapore Citizen or Permanent Resident serving as a director can also be a shareholder, or the entire shareholding can be held by foreign individuals.
3. While a Singapore Citizen or Permanent Resident must be a director, foreign individuals can also serve as directors or shareholders.

Note: 


Singapore Work Passes (e.g., S Pass, Work Permit) holders are generally restricted from being shareholders or directors of a company. 
Dependant Pass (DP) and Employment Pass (EP) holders can hold these positions under specific conditions.


Registering a Company as a Foreign Individual

If you are a foreign individual looking to register a company in Singapore, you will need to apply for an EntrePass. Once your EntrePass application is approved, you can proceed with company registration.

Starting your own company in Singapore has never been more accessible. With a clear understanding of the requirements and guidelines, you can confidently embark on your entrepreneurial journey in this thriving business hub. For more information about the requirements, necessary documents, and registration process for company registration in Singapore, you can click here to learn more about registering a company in Singapore.


Established in 2011 and registered with the Ministry of Manpower, Skyline Business Consulting Pte. Ltd. is your trusted partner for business incorporation. Our professional team specializes in business incorporation, bank account opening, company annual audits, corporate secretarial services, and trademark registration. We also provide services such as EntrePass (EP), S Pass (SP), Work Permit (WP), Self-Employed EP, Dependant's Pass (DP), Long-Term Visit Pass (LTVP), and Permanent Residency (PR) application. With our comprehensive and efficient approach, we offer end-to-end solutions to make your journey seamless and worry-free. Contact us now to experience a smooth application process!