As required by the Singapore Companies Act, Singapore-incorporated companies must have at least one shareholder. The shareholder can either be an individual or a corporation. Singapore shareholders do not necessarily have to be residents of Singapore (i.e. Singapore Citizen, Permanent Resident, Employment Pass holder or Dependent Pass holder).
After incorporating your Singapore Company, you have the option to act as its shareholder or seek a nominee shareholder so as to secure your corporate privacy. Some clients wish to remain anonymous shareholders of their Singapore companies, thus, they will appoint nominee shareholders who will hold the shares on trust for the beneficial owners. Only the names of these nominee shareholders will appear on the records of the Singapore Accounting and Corporate Regulatory Authority (ACRA).
AsiaBiz Services can act as a nominee shareholder for you, should you wish to secure your corporate privacy. The AsiaBiz appointed shareholder will sign a declaration of trust that they are holding shares on your behalf and that they will return the shares to the beneficial owners, as per the trust and instructions.