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Can a foreign individual or a foreign company be 100% shareholder of a Singapore company?

April 26, 2017COMPANY foreign individual shareholder Singapore

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Can a foreign individual or a foreign company be 100% shareholder of a Singapore company?

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Yes, Singapore Companies Act allows for 100% ownership of Singapore companies by foreign persons or entities. There are also no restrictions on the type of business activities that a company can engage in. No special approvals are required by foreigners. In other words, there is no difference between a local or a foreign person who wishes to form a Singapore company.