Amongst the various options of company 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. For More information visit this link: http://precursor.com.sg/register-singapore-subsidiary-company/

1. How to Register Singapore Subsidiary
Company

2. Amongst the various options of company
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.

3. 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.

5. 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.

6. 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.

7. Shareholders
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.

8. 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.

9. 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.

10. Registered Address
Every company registered in Singapore is
required to have a registered office address.
The registered address must be a physical
address and cannot be a PO Box. The use of
the residential address is allowed for certain
types of businesses.

11. Constitution(f.k.a Memorandum and
Articles of Association)
The Memorandum and Articles of Association of a
company must be lodged with ACRA. The Constitution
specifies the activities in which the company may
engage in and the rules governing the internal
management of the company. Creating Constitution
with the help of a company incorporation firm in
Singapore is highly recommended.
Auditor
An auditor must be appointed within 3 months of the
Singapore subsidiary registration.

12. Documents
Several documents are required to be submitted as part of
Singapore company subsidiary registration. This includes:
 A certificate of incorporation of the parent company
 An extract from the Registrar of Companies that shows the
current registered address and directors of the parent company
 Passport particulars and residential address details of
individuals who will act as the directors of the Singapore
subsidiary
 Passport particulars and residential address details of
individuals who are beneficial owner (s) of the parent company

13. Procedure of registering Singapore
subsidiary company
The registration of a Singapore subsidiary company is
an easy process and can be done in the matter of a
few days. Foreign companies are required to appoint a
professional Singapore company incorporation firm for
completing the registration process. The qualified
company incorporation firm in Singapore starts the
process by collecting required documents as well as
putting together all the required details, as mentioned
in the section above. Once everything is available, rest
of the procedure is possible to complete in 1-2 working
days.

14. Primarily, Incorporating a Singapore subsidiary company requires
two distinct steps. I.E. Name reservation and company
incorporation.
Singapore is one of the top countries having fastest company
incorporation possible and hence a foreign company can get itself
incorporated and start business in Singapore quick.
At Precursor, we have the expertise of assisting all types of
companies ranging from smallest to large multinationals in the
incorporation. With a full suite of corporate secretarial services,
we bring our years of experience and testimonials of countless
successful clients who have been deeply satisfied by the excellent
company incorporation services and the whole range of services
we’ve delivered.

15. For More information visit this link:
http://precursor.com.sg/register-singapore-
subsidiary-company/