---
title: What are the key requirements for foreigners to set up a new business in Singapore?
description: "- At least 1 shareholder - At least $1 paid up capital (any currency) - Local company secretary - Singapore-based director - A registered address in Singapore Xerosoft can help you with every requirement to get your business up and…"
url: "https://xerosoftglobal.com/docs/what-are-the-key-requirements-for-foreigners-to-set-up-a-new-business-in-singapore/"
updated: "2024-01-23"
category: "Register a company - For Foreigners"
---

# What are the key requirements for foreigners to set up a new business in Singapore?

- At least 1 shareholder
- At least $1 paid up capital (any currency)
- Local company secretary
- Singapore-based director
- A registered address in Singapore

Xerosoft can help you with every requirement to get your business up and running. For your foreign company, we provide local company secretary services, nominee director services, and registered mailroom services.