Loosely related with the article, do you need to give significant share to "locals" if you're starting a company in the US? For example, in Malaysia and Singapore (CMIIW), unless you put huge amount of money up front, foreigners are required to partner with locals and give >50% share to them. I.e. foreigners cannot have majority share if they start a "normal" company (not big).
Just to clarify - this is not the case in Singapore. A local director is required if the directors do not have work visas, but the companies can be wholly owned by foreigners.
No, you don't. You can even incorporate as a sole proprietor without any locals having a stake at all. Ditto in Canada and most of Western Europe with some exceptions.
