Tel：+86 400 118 5939Address：Room 2810B, Block A, Tianli Central Plaza, Coastal City, Yuehai Street, Nanshan District, Shenzhen, Guangdong Province
Email：info@hyintern.com
+86 400 118 5939
牌照号：TC004750
Tel：+86 400 118 5939As one of the most convenient countries for doing business in the world and the headquarters of over 600 local and foreign financial institutions, Singapore provides various convenient conditions for entrepreneurs to invest and start businesses. According to the Global Competitiveness Report published by the World Economic Forum in 2014, Singapore has ranked second in the world for four consecutive years in terms of global competitiveness, surpassing the United States, Hong Kong and other places. It has significant international competitive advantages in both innovation and corporate efficiency. Therefore, many large Chinese companies consider registering a company in Singapore as their first step towards going global.
Registering a company in Singapore does not have the concept of a legal entity, but it is important to understand the responsibilities of a "director". So what are the requirements for registering a company director in Singapore? Below, Hongyuan International Consulting will take you to see the specific requirements for registering as a director of a Singapore limited company, as follows:
1. A Singaporean company must have at least one Singaporean director (or a foreigner holding a Singapore entrepreneurship permit), but there is no such requirement for Singaporean company shareholders;
2. At least 18 years old and possessing sufficient legal capacity;
3. There is no upper limit on the number of shareholders, generally Singaporean company shareholders require a maximum of 50 people;
4. Directors can also be holders of Employment Permits (EP). But EP holders who wish to become directors of local companies must first obtain a Letter of Consent (LOC) from the Human Resources Department.
In the actual registration process, the number of directors is not likely to exceed 5, and major resolutions made by the company require a board meeting. The board meeting needs to be passed by more than 2/3 of the personnel to take effect. The more directors there are, the more inconvenient it is to hold a board meeting, and it will also increase some unnecessary troubles.
From the above, it can be seen that compared to Singaporean shareholders, registering a Singapore company requires relatively strict requirements for company directors. If you have any questions about registering a Singapore company, please feel free to consult Hongyuan International.
Scan QR code to follow 【Hongyuan International WeChat】
Email: info@hyintern.com
Hotline: +86 400 118 5939
