Yes, a foreigner can start a company in Singapore. There are no restrictions on foreign shareholding or directorship of a Singapore company. A Singapore company can have 100 per cent foreign shareholding and 100 per cent foreign directors. You will, however, have to have one local resident director. That local resident director can be a [...]
If you start a company in Singapore, you may want to work in Singapore. You may want to take up the position as the local resident director of the company or would like to reside and work in Singapore to grow your company. You can either apply for an Employment Pass (EP) or an Entrepreneur [...]
Upon incorporation of a Singapore company, it is mandatory to appoint a company secretary within six months of incorporation. The secretary post should also not be left vacant for more than six months. Companies can choose to hire an in-house secretary or appoint a corporate service provider to fulfil this position. Here is a breakdown [...]
No. S Pass and Work Permit holders need to adhere to very strict employment guidelines with the Ministry of Manpower (MOM) and they are not allowed to manage any business in Singapore. They are not allowed to be sole-proprietors, partners or directors of any Singapore-registered company. If they are caught doing so, they will have [...]
From time to time, a Singapore company may want to change its company address. The company may move to another location for a variety of reasons. If your company would like to effect a change of address, here is what you need to do. The board will first decide on the change in address The [...]
A common query which we get is from clients looking to change company name. Even after incorporation, the name of a company can be changed. There can be a variety of reasons why a company would want to change its name. The new name could be a better representation of the business or it could [...]
There are times when a company may want to increase its share capital. Increasing share capital is essentially selling newly issued shares to existing or new shareholders in exchange for investment capital. A company may also issue new shares to reward its employees or to give them a stake in the company so that they [...]
Some business owners may wish to work from home and thus may want to use their HDB flats as their registered address. HDB does allow this under the Home Office Scheme. To apply for a home office, you would need to make an application on the HDB website. The License for Home Office Scheme is [...]
Dependant Passes are issued by the Ministry of Manpower (MOM) to family members of qualified Employment Pass and S Pass holders. The family members who are eligible are spouses and children under the age of twenty-one. To qualify, the Employment and S Pass holder must earn a minimum of SGD$6,000 a month for their spouses [...]
A resolution of a company is the formal decision of a company made by the board of directors or the shareholders. There are generally 3 types of resolutions that can be passed. Board Resolution Ordinary Resolution Special Resolution The resolution can be passed at a physical meeting or by written means. Since it can be [...]