Can foreigner open company in Singapore? What do I need to do?

The foreigners 100% can set up a company in Singapore and own its 100% shareholding without any troubles.

Singapore’s law requires the process of the procedures for the company formation are the same for resident and non-resident (foreigner) in Singapore, with the following conditions:

• The company must assign a local company secretary.
• The company must register a local business address.
• The company must assign the resident director.
• The minimum share capital of the company is S$1 for opening the company.

As you can see from the information above, the non-resident owners must have a resident director to register the Singapore company of all kinds of businesses. The non-resident of Singapore may not be able to fulfill all the required documents of the resident director. (Read more: Singapore company formation for non-resident)

The foreigners will have some limitations for the disclosure and recording of information by the government. Only a Singapore Resident or the holder of an Employment pass or Entrepreneur pass can accept this position.

The foreigners can get these visas when they apply to the Ministry of Manpower (MOM) for the Entrepass. After receiving one of a kind visa, the non-resident or foreigners can incorporate the company and officially work in Singapore, even become a director of their own company.

One IBC^® can support the customers in an offshore company in Singapore. With over 10 years of experience and in-depth knowledge of these services, we strongly believe that the customers, especially the Singapore non-resident, can easily open the company with a fast and safe procedure process.

Read more:

• Singapore company formation
• Opening a bank account in Singapore for non-residents