A Singapore subsidiary is the most preferred choice for foreign companies to establish their presence in Singapore. A Singapore subsidiary is a private limited company and the majority shareholder can be a a foreign or a local company. Singapore allows 100% foreign shareholding. Singapore does not restrict the repatriation of any profit or capital of a Singapore subsidiary.

1. SINGAPORE SUBSIDIARY
COMPANY REGISTRATION

2. Copyright © 2014 Rikvin Pte LtdLast updated on November 5, 2014
OVERVIEW - SINGAPORE SUBSIDIARY COMPANY
A subsidiary company is a private limited company incorporated in Singapore with another corporate
entity being its shareholder.
A Singapore subsidiary can be 100% owned by a local or foreign company and is yet considered a
separate legal entity.
• Minimum 1 Corporate
Shareholder
• 1 Resident Director
• 1 Company Secretary
• Minimum initial
paid-up capital is S$1
• Registered office
address
BENEFITS OF INCORPORATING A PRIVATE LIMITED COMPANY
• No capital gain tax
• One tier tax - No personal tax on dividends paid to shareholders
• Protect your personal assets
• No exchange control or restriction on repatriation of profits
SINGAPORE SUBSIDIARY
PRIVATE LIMITED COMPANY
Owned by a Corporate Entity
plus an Individual or Individuals
Owned by a Foreign / Local
Corporate Entity
Setup Requirements for
Singapore Subsidiary

3. Copyright © 2014 Rikvin Pte LtdLast updated on November 5, 2014
EFFECTIVE CORPORATE TAX RATES
FOR SINGAPORE SUBSIDIARY COMPANY
Wholly Owned
Subsidiary Company
100% Corporate
Shareholding
At least 1 individual
holding 10% of shares
Corporate + Individual
Shareholding
Taxable Income
(SGD)
Effective
Tax Rate
100,000 0.00% **
200,000 2.97%
300,000 3.97%
400,000 5.95%
500,000 7.14%
1,000,000 10.60%
2,000,000 13.80%
3,000,000 14.87%
5,000,000 15.72%
10,000,000 16.36%
Taxable Income
(SGD)
Effective
Tax Rate
100,000 5.65%
200,000 5.80%
300,000 5.85%
400,000 7.36%
500,000 8.27%
1,000,000 11.41%
2,000,000 14.20%
3,000,000 15.14%
5,000,000 15.88%
10,000,000 16.44%
Do you know? If the subsidiary company has at least one individual shareholder holding with at least
10% shares of the subsidiary company, the firm is entitled to Zero Tax on the first S$100,000 of chargeable
income for the first 3 consecutive years.

4. Copyright © 2014 Rikvin Pte LtdLast updated on November 5, 2014
UNDERSTANDING THE REQUIREMENTS FOR INCORPORATION
OF A SUBSIDIARY COMPANY IN SINGAPORE
ITEMS DESCRIPTION
Company Name
Approval
• The proposed name of your Singapore company can be in any language with
Roman characters, and may not be the same as parent company.
• Company name ending can only have permitted suffixes.
Directors • Minimum of one resident director is required.
• Any number of additional directors (of any nationality) can be appointed.
• We also offer nominee resident director service at an additional fee.
Shareholders • A minimum of 1 corporate shareholder and maximum of 50 shareholders
• 100% local or foreign shareholding allowed.
• A director and shareholder can be the same or different person.
• A shareholder can be an individual or corporate body.
Company Secretary • Company secretary must be an individual who is ordinarily resident in
Singapore.
• We will act as your company secretary.
Paid-up Capital • Minimum capital: One share in any currency.
• Maximum share capital: Unlimited.
Registered Address • All Singapore companies must have a local registered office address.
• We can provide you a registered office address in Singapore.
Licenses • Certain business activities will require licence; i.e. finance companies,
insurance companies, travel agents, recruitment agencies, and private schools
Bank Account Opening • We will assist you with your corporate bank account opening with local or
international banks.
Documents Required • Copy of the certificate of registration and current extract of company
particulars from Registrar of Companies *
*All official documents must be in English or officially translated in English; if you have difficulties getting non English
documents translated, we can assist you to translate the documents at applicable fees.

5. Copyright © 2014 Rikvin Pte LtdLast updated on November 5, 2014
PROCEDURE AND TIMELINE
STEPS PROCEDURE RESPONSIBILITY AVERAGE TIMELINE
1 Complete Incorporation Form Client 15 minutes
2 Send us passport copies (or IC for Singaporeans)
and proof of address of proposed directors and
shareholders
Client Depends on you
3 Make payment arrangements for our invoice that will
be sent to you
Client Depends on you
Upon completion of the above, we will
1 Reserve company name Rikvin 2-3 hours
2 Prepare necessary incorporation documents Rikvin Half a day
3 Sign and return incorporation documents Client Depends on you
Upon completion of the above, we will
1 Incorporate the company with Accounting & Corporate
Regulatory Authority of Singapore
Rikvin Half a day
2 Prepare post-incorporation documents including bank
account opening documents
Rikvin 2-3 hours

6. Copyright © 2014 Rikvin Pte LtdLast updated on November 5, 2014
SINGAPORE SUBSIDIARY COMPANY
Entity Name Need not be the same as parent company
Activities Allowed Can conduct all business activities
Suitable For Local or foreign Companies who wish to expand their operations to
Singapore
Disadvantages Continuing Compliance Obligations, eg Financial Reports, Audit,
AGMS, etc
Ownership Can be 100% foreign or locally owned
Separate Legal Entity Yes
Cap on Number of Members Yes, max 50
Minimum Setup
Requirements
Min One shareholder, which can be an individual or corporate,
(100% local or foreign shareholding allowed). Must have at least
one resident director
Limited Liability Yes
Need for Audited Accounts Yes
Filing of Accounts with ACRA and
IRAS
Yes
Annual Filing Must file audit report
Tax Treatment Taxed as Singapore resident entity, local tax benefits available
Tax Benefits A subsidiary company, with at least one individual shareholder
with minimum of 10 percent shareholding, is entitled to local tax
incentives and rebates
Cessation of Business upon
Death of a Member/Partner
No. Equity shares go on in perpetuity
Validity Period Perpetually until deregistered
Normal Registration Time 1 Hour
Appointment of Officers Must appoint at least one local resident director and company
secretary
Governing Body ACRA & IRAS

7. Copyright © 2015 Rikvin Pte Ltd
RIKVIN PTE LTD
30 Cecil Street, #19-08 Prudential Tower,
Singapore 049712
Main Line : (+65) 6320 1888
Fax : (+65) 6438 2436
Email : info@rikvin.com
Website : www.rikvin.com
Reg No 200100602K
EA License No 11C3030
The information contained herein is intended for general
information purposes only and shall not be regarded as
professional advice. Readers are therefore advised that
before acting on any matter arising from these notes, they
should discuss their particular situation with the Firm. No
liability can be accepted for any action taken as result of
reading the notes without prior consultation with regard
to all relevant factors.
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