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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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

12. 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.

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

14. Contact us:
Precursor Group Pte ltd.
• Address : 60 Albert Street #14-04 OG
• Albert Complex Singapore
• (189969)
• Phone : (65) 63365500
• Email id : clients@precursor.com.sg
• Website : http://precursor.com.sg