Incorporate of Local and Foreign Company Save Time And Money. Incorporate with Rikvin and avoid paying excessive fees. By phone or on-line, we can incorporate your business affordably and quickly. Incorporation of Singapore "Private Limited" Company. Setting up a company can be done quickly at affordable costs. There must be at least 1 director and 1 shareholder who is ordinarily resident in Singapore i.e. a Singapore Citizen, a Singapore Permanent Resident/Employment Pass Holder or Dependent Pass Holder. The director and shareholder can be the same person. However, the director and the company secretary cannot be the same person to ensure there is no conflict of interest. A foreigner who wishes to act as a local director of a company can apply for an Employment Pass (EntrePass) (check out our section under the Employment Pass for more details). For snap shot on offshore companies. Click here.