Many people come from all over the world to live and work in Singapore. The country has deservedly gained a reputation for its openness to foreigners as it has always been very welcoming of people from any country who intend to earn an honest and legitimate living while in Singapore. Some who desire to remain in Singapore for the long term even go on to become permanent residents (PRs) of the country. However, there are certain laws and regulations which the government of Singapore has imposed on every PR of Singapore. Some of these laws and regulations relate to the eligibility of foreigners with regard to serving as a company secretary. The role of the company secretary is one of the most important in any Singapore company.
As an aside, one of the methods by which one can begin one’s journey towards becoming a PR of Singapore is by obtaining the Singapore work visa known as the Employment Pass (EP). If you are a person who is interested in obtaining such a pass, we at Paul Hype Page & Co are able to serve your needs. We will guide you through the process of application for an EP. Should your application be denied, we will even contact the Ministry of Manpower on your behalf in order to help you receive your EP if you require us to do so.
Eligibility of PRs Who Are to Serve as Company Secretaries
Section 171 of the Companies Act of Singapore requires that every company based in Singapore must hire a company secretary before six months after the company’s date of incorporation elapse. According to the Companies Act, the person who is to serve as the company secretary is required to either be a citizen or a permanent resident of Singapore. The government of Singapore understands that only a person who has gained specific experience from living and working in Singapore for an extended period of time, whether as a citizen or as a PR, will have garnered the knowledge and abilities required to take up this important role and perform in that role to the very best of the person’s capabilities.