Do foreigners need a Singapore partner to form a company?
Singapore company laws allow a foreigner to own 100% of a Singapore company. Therefore from a company ownership point of view, you do not require a local partner. However, every Singapore company is required to have at least one local director. There are number of different ways you can satisfy this requirement: • If you plan to relocate to Singapore to run your company, you will need to apply for a work visa (employment pass or entrepass) under your new entity. Once your work visa is approved, you can act as the local resident director. • If you have a local partner or know somebody in Singapore who is willing to act as the local director, your problem is solved. • Alternatively, most firms in Singapore that specialize in corporate services can offer you the services of a professional nominee director for an annual fee. The nominee director does not require any shareholding in the company and need not be involved in the company management or banking matters. The professional services
As per Singapore Companies Act, a foreigner can own 100% of a Singapore private limited company. Therefore from a company ownership point of view, you do not require a local partner. However, the Singapore Companies Act does require that at least one of the directors must be a locally resident director.
