{"id":264242,"date":"2026-10-05T13:00:00","date_gmt":"2026-10-05T05:00:00","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.lionsworld.com.sg\/?p=264242"},"modified":"2026-10-05T13:45:08","modified_gmt":"2026-10-05T05:45:08","slug":"singapore-company-minimum-requirements","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.lionsworld.com.sg\/singapore-company-minimum-requirements\/","title":{"rendered":"How Many Directors, Shareholders and How Much Share Capital Does a Singapore Company Need?"},"content":{"rendered":"\n
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Quick answer<\/p>\n

A Singapore private limited company needs at least one director<\/strong> who is ordinarily resident in Singapore and aged 18 or over, at least one share<\/strong> and $1<\/strong> in share capital, a company secretary within six months<\/strong> of incorporation, and a registered office address<\/strong> in Singapore.[1]<\/a><\/sup>[3]<\/a><\/sup>[5]<\/a><\/sup><\/p>\n

One person can be both the sole director and the only shareholder.<\/strong> However, that person cannot also be the company secretary, so even a one-person company needs a second person to act as company secretary.[1]<\/a><\/sup><\/p>\n<\/div>\n\n

“What’s the minimum I need to set up a company in Singapore?” is usually the first question founders ask, and the answer is shorter than most expect. The legal minimum is one director, one shareholder and one dollar of share capital. However, a few of the requirements catch people out, especially solo founders. This guide sets out every minimum using ACRA’s published requirements, plus what ACRA charges and what you need ready before you file.<\/p>\n\n\n

\n \"Singapore's\n
One director, one shareholder and $1 of share capital is enough to start a Singapore company. Photo: Aswathy N<\/a> on Unsplash<\/a><\/figcaption>\n<\/figure>\n\n\n

The minimum requirements at a glance<\/h2>\n\n
\n\n \n \n \n \n \n \n \n \n
Requirement<\/th>\n The minimum<\/th>\n Conditions<\/th>\n <\/tr>\n <\/thead>\n
Directors<\/strong><\/td>\n At least 1<\/strong><\/td>\n Must be ordinarily resident in Singapore, aged 18 or older, mentally fit to make decisions, and not banned or disqualified (for example, an undischarged bankrupt).[1]<\/a><\/sup><\/td>\n <\/tr>\n
Shareholders<\/strong><\/td>\n At least 1<\/strong> (up to 50)<\/td>\n Shares can be held by a person, a company or an LLP.[3]<\/a><\/sup> A private company limited by shares can have up to 50 shareholders, whether individuals or corporate entities.[4]<\/a><\/sup><\/td>\n <\/tr>\n
Share capital<\/strong><\/td>\n $1<\/strong> and 1<\/strong> issued share<\/td>\n Your company needs at least $1 in share capital to start, and the minimum number of issued shares is one.[3]<\/a><\/sup><\/td>\n <\/tr>\n
Company secretary<\/strong><\/td>\n 1<\/strong>, appointed within 6 months<\/strong><\/td>\n Must be a natural person (not a company), a local resident, and not the same person as the sole director<\/strong>. Failing to appoint one can lead to a fine of up to $1,000.[1]<\/a><\/sup><\/td>\n <\/tr>\n
Registered office<\/strong><\/td>\n 1<\/strong> Singapore address<\/td>\n Must be open and accessible to the public for at least three hours on each business day. Non-compliance can lead to a fine of up to $5,000.[5]<\/a><\/sup><\/td>\n <\/tr>\n <\/tbody>\n<\/table>\n<\/div>\n\n
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Who counts as a “local resident”?<\/strong> ACRA defines a local resident as a Singapore citizen, a Singapore permanent resident, or a valid holder of an Employment Pass, Personalised Employment Pass or Overseas Networks & Expertise Pass.[2]<\/a><\/sup> The same rule applies to the company secretary.[1]<\/a><\/sup><\/p>\n<\/div>\n\n\n

The one-person company trap: you still need a secretary<\/h2>\n

Many solo founders plan to be the director, the shareholder and the secretary. ACRA’s rules allow the first two but not the third.<\/p>\n