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Re:Singapore Still the Best Place for Entrepreneurs by czcar on Saturday February 18, 2012 @12:25PM (#3607055)
Ah, you're referring to the $3000 deposit + $3000/year requirement that professional nominated "Directors" require to setup the business. Yes, this can be an issue if you do not have relationships with any locals.

I believe many countries have restrictions on foreigners incorporating without a local director/shareholder?

But yes, it is a little bit annoying. What we ended up doing is getting a mentor/investor to become a nominee director.

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