Requirements for Setup new company in Singapore process includes:

Shareholding: Start-up company must have at least 1 and a maximum of 50 shareholders present. Shareholders can be supernatural persons or corporate entities process and 100% foreign shareholding is allowed.

Share Capital: The minimum capital to set up a company is around S$1. A company can totally increase its share capital at any time by injection process of additional capital.

Directors: Both Singapore and foreign-resident persons can be directors or CEOs of a Singapore company. Corporate directors are not permitted at all. A company must have at least one or more than one Singapore-resident director. Singapore-resident is defined as someone who is a Singapore citizen respectively, a Singapore permanent resident person, or an Employment Pass holder. Few Foreign-owned companies can have these local director options.

Company Secretary. A company must try appointing a qualified company secretary within the period of 6 months of incorporation. The company secretary must also be a natural and simple person and a resident of Singapore respectively.

Registered Address. Each company in Singapore is required to have a local registered address where the start-up company will keep all of its statutory documents readily. The address cannot be a PO box and should be checked twice.

Company Name. The name of the start-up company must be fully approved before proceeding with the registration of the company procedure.

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