Question 1

What are the requirements for company incorporation in Singapore?

Accepted Answer

For Singaporeans and Permanent Residents, you will just need to bring along your NRIC. For foreigners, a copy of your passport and a copy of bank/credit card statement which indicates your place of residence. Information that you need to confirm before setting up a company are:
 • Proposed company name
 • Registered address
 • Nature of business (maximum 2)
 • Paid up share capital
 • Director and Shareholder
 • Residential address (proof of address is required, e.g. Phone bill, utility bill. etc)
For further information regarding Incorporation, read more.(javascript:void(0))

Question 2

What is the duration for company incorporation?

Accepted Answer

Company incorporation can be completed within few hours, depending on the complexity and also subject to approval by Accounting Corporate Regulatory Authority (ACRA).

Question 3

Can a foreigner setup a company in Singapore?

Accepted Answer

Yes, for foreigners to set up a company in Singapore, you will need to appoint a local director who must be either a Singapore Citizen or Singapore Permanent Residence (SPR).
Atriox Management may be engaged to provide Nominee Director service.

Question 4

How many Directors are required for company incorporation?

Accepted Answer

At least 1 Director is require for Company incorporation in Singapore. At least one of the Directors must be a Singapore local resident (Singapore Citizen or Permanent Resident).

Question 5

Does my company require an audit?

Accepted Answer

9 out of 10 Singapore companies are not required by law to appoint an auditor for the company.
You will need to appoint an auditor for your company if your company* are not able to meet at least 2 out of the following 3 criteria:
 • Turnover of $10M or less
 • Staff Strength of 50 or less
 • Asset amount of $10M or less
*If your company belongs to a group, the entire group must meet at least 2 of the above conditions to be exempt from audit. Every company in the group will need to be audited if the conditions cannot be met.

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FAQ Here's frequently asked questions by Atriox Management's clients