The basic requirements and facts are as below:

• Anyone (a local or a foreign person) can register a new Singapore company
• 100% foreign ownership allowed
• Minimum paidup capital of $1 only
• Concept of authorized capital no longer exists
• Minimum of 1 director and 1 shareholder required
• At least one director must be a local resident director (Singapore citizen, permanent resident, or EP/DP holder)
• Must have a local registered address
• Must have a local qualified company secretary