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How to Register Singapore Subsidiary Company .pdf

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How to Register Singapore Subsidiary

incorporation in Singapore, Singapore subsidiary
company can unarguably be said the most preferred
and the most favoured incorporation type for foreign
entities. This is because of the distinct flexibility it
offers, including the ability to register Singapore
Company with the permission to have the foreign
company owning 100% of the shares while keeping its
assets separate.

This means that a Singapore subsidiary company can entirely be
owned by foreign company and is considered a separate legal
entity from the foreign company, thereby the liabilities are only
limited to share capital rather than the entire assets of the
respective parent foreign company.
Another feature that makes it best Singapore company
incorporation option is that subsidiary can be treated as a local
Singaporean company such as a Singapore private limited. This
apparently means that the Singapore subsidiary company can
enjoy same benefits of low tax rates as well as government
grants like any other local company in Singapore.

Key requirements for registering
Singapore subsidiary company
Proposed Name of Subsidiary
The company name must be approved by ACRA before
the Singapore Company can be incorporated. ACRA
will reject a proposed company name for the purpose
of incorporation if it is identical to another existing
company name; undesirable or identical to names
reserved by the Minister in its register.

Local Director
According to Singapore companies act, at least one
local director i.e. a person who is an ordinarily
resident in Singapore such as a Singaporean Citizen, a
Singaporean Permanent Resident, or an Employment
Pass holder is mandatory for registering subsidiary
company in Singapore. Directors must be at least 18
years of age and must not be an undercharged
bankrupt or convicted for any malpractices. Foreign
companies planning to relocate any of the staff
members from head office to Singapore can apply for
their employment pass after the registration of
Singapore subsidiary is complete.

A minimum of at least one corporate shareholder is
required. A director and shareholder can be the same
or different person(s). 100% local or foreign corporate
shareholding is allowed. The Singapore Companies Act
allows a minimum of one and a maximum of 50
shareholders for a Singapore Private Limited Company.

Company Secretary
The company secretary must be a natural
person who is an “ordinary” resident in
Singapore. Appointing a company secretary
within 6 months of company incorporation in
Singapore is mandatory in accordance with
Companies act.

Share Capital/Paid-up Capital
The minimum paid-up capital for the registration of a
Singapore company is SGD 1 or its equivalent in any
other currency. The parent company may own 100% of
the company’s shares. There is no concept of
authorized capital in Singapore.

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