Singapore in a Private Limited Company, there can be shareholders between 1 and 50. Shareholders can be individuals or entities, whether local or foreign. After company incorporation, one can issue or transfer shares to shareholders. In case the private company has at most 20 shareholders, the company is considered as an Exempt Private Company (EPC), and no corporation holds (directly or indirectly) any beneficial interest in the EPC's shares. If the Company fulfilled the small company requirement then EPC will enjoy audit exemption. There is a requirement of a minimum of one shareholder. 100% foreign ownership is allowed.
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