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/

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. 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. 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. 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. 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. 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. 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. 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. 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. 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/