Registration of a Local Company Basic requirements At least one local director (Singapore Citizen, Singapore P.R, Pass Holder*1); Shareholders can be any qualified individual; Appoint a Company Secretary; The amount of Share capital; A registered address in Singapore; After Registered on ACRA, you may need to open: Bank Account to make the business transactions; CPF…
Director, Secretary, CEO, Auditor Directors A director is the person responsible for managing the affairs of the company and providing it with directions. A director must make decisions objectively, act in the best interest of the company, and be honest and diligent in carrying out his duties. Under the Companies Act, the minimum number of…
Register of Registrable Controllers Introduction The Companies Act (Cap. 50) (“Companies Act”) has been amended to introduce registers of registrable controllers of companies under the new Part XIA which came into effect on 31 March 2017. These amendments are accompanied by a new set of subsidiary legislation – the Companies (Register of Controllers and Nominee…
