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Tel：+86 400 118 5939Singapore has an excellent business environment, with stable policies and favorable tax rates that make investors eager to register a company in Singapore. However, registering a company in Singapore, whether it is offshore or on-site operations, requires certain conditions to be met before applying for registration. So what are the requirements for registering shareholders of a Singapore company? Hongyuan International Consulting will take you through the requirements and documentation needed to register as a shareholder of a Singapore company, as follows:
1. If the shareholder is an individual:
(1) Citizens of any nationality who are over 18 years old and have the ability to act independently;
(2) At least 1 person, up to 50 people, shareholders can be natural persons or corporate entities;
(3) Companies with less than 20 shareholders and no corporate shareholders are considered private exempt companies;
(4) If there are 30-50 shareholders or corporate shareholders, it belongs to a private limited liability company;
(5) A limited company needs to hold a shareholders' meeting every year, and in principle, all shareholders are required to attend. With too many people, it will be difficult to organize the shareholders' meeting, so there is a limit on the number of shareholders in a limited company.
2. If the shareholder is a company:
(1) Provide the company's equity structure diagram;
(2) Provide a copy of the direct controlling layer's business license and personal identification documents of the legal representative;
(3) Proof of identity for beneficial owners whose shareholding ratio exceeds 25% in the architecture diagram, such as passport/ID card (if it is a listed company, provide the name and stock code of the listed company);
(4) Provide the director's ID card, such as passport/ID card;
(5) Provide proof of address documents, such as water bills, electricity bills, gas bills, and payment bills. Natural persons' proof of address (such as government agencies, public utilities, or banks issuing bills with customer name and address data in the past three months, telephone bills, statements issued by regulated financial institutions, etc.).
It should be noted that there are no restrictions on the composition of shareholders in Singaporean companies, and they can be natural persons or companies; There is no restriction on the shareholding ratio of foreigners or foreign companies in Singaporean companies under the Company Law; Individual shareholders of a company may concurrently serve as directors of the company. However, Singaporean companies have special requirements for directors and business secretaries:
(1) The board of directors of a company may consist of one or more directors, but must include at least one local director (Singapore permanent resident, Singapore citizen, Singapore Entrepreneurship Permit holder, self-employed Employment Permit holder);
(2) Singaporean companies must appoint at least one resident of Singapore (Singapore permanent resident, Singapore citizen, Singapore work permit holder) as the company's business secretary;
(3) If the company has only one director, that director cannot also serve as the business secretary.
The above are the requirements for shareholders when registering a Hong Kong company. For specific requirements when registering a Singapore company, please feel free to consult with Hongyuan International.
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