Formation of private limited company in Singapore is a straightforward process that offers several advantages to entrepreneurs. Begin by choosing a unique company name and deciding on the company's structure, ensuring compliance with Singapore's legal requirements. The next step involves appointing at least one Singaporean resident director, while foreign nationals can appoint a nominee director to meet this criterion. Shareholders can be individuals or corporate entities, and the minimum requirement is one shareholder. Once these steps are completed, the company must be registered with the Accounting and Corporate Regulatory Authority (ACRA). This involves submitting incorporation documents such as the company's constitution and details of shareholders and directors. Additionally, setting up a local registered office address and understanding tax obligations and regulatory compliance are crucial for a successful establishment. Singapore's efficient regulatory framework and business-friendly environment make it an ideal choice for establishing a private limited company.