1.

Opening time, cost and documents – Short if all relevant documents available, will
require personal visit to show original documents and open the bank account.

2. Shareholding of resident director – The nominee resident director can be with 0%

(nil) shareholding

3. Can resident director be removed without his consent

4. Statutory requirements – annual

5. Taxation- Max 17%

6. Different class of share and ownership without control- Yes allowed

7. IPR time, cost

8. Design, prototype firm, time, cost

9. Design with flexibility to switch communication technology and provider

10. Permit and Statutory compliance for regulator in Singapore and EU

11. Is Singapore good for this product, If not which nearby country can be used to
launch it

12. External technical employee on contract to help file first patent

13. Legal help

14. Sales and Client Acquisition