Yes, a Singapore company needs to have at least one director who is a local resident. To qualify as a local resident of Singapore, the individual must be a Singapore citizen, Singapore permanent resident or a holder of a work permit in Singapore. Furthermore, the local director must be over 18 years old and not a corporation (legal entity).
Foreign companies or businesses wishing to establish and operate a Singapore company may need:
- Have a foreign executive come to Singapore to work as a resident director (must be granted a work permit)