What conditions should be met to establish a Singaporean limited company, apart from personnel residency constraints?

Apart from the requirements on personnel, approvals must be obtained from the Accounting and Corporate Regulatory Authority, according to Singaporean Industry Classification Code, in order to establish a private limited company.

For capital requirement, the minimum paid-up capital requirement must be met, which is one Singaporean Dollar. Such paid-up capital amount can be increased at any time after the incorporation of the company. Also, after the incorporation of the company, new shares can be issued or existing shares can be transferred to any person at any time.

In addition, a physical address in Singapore, be that a residential or commercial premise, must be provided as the registered address of the company, and approval from Urban Redevelopment Scheme must be obtained for such use. If a residential address is used, it must be used under the Home Office Scheme.