Private Limited Company
In Malaysia and Singapore, the most common types of limited companies are those limited by shares. These companies are incorporated and governed by the Companies Act, 1965.
A private limited company can only be incorporated if its memorandum and articles:-
Restricts the right to transfer its shares subject to the approval of its directors;
Limits the numbers of its members to not more than 50 (requires a minimum of 2 natural persons, but allow another company to wholly own 100% of its issued shares).
Prohibit any invitation to the public to subscribe for any shares or debentures of the company;
Prohibits any invitation to the public to deposit money with the company for fixed periods or payable at call, with or without interest.
A minimum of 1 director, who must be a Singapore resident individual.i.e. a Singapore Citizen, a Singapore Permanent Resident, a person who has been issued an Employment Pass/Approval-In-Principle letter/Dependant's Pass.
A minimum of 1 shareholder is required. Shareholders may be local or foreign corporations or individuals. We provide nominee shareholder for anonymosity purpose.