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
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.

2. 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.

3. 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.

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.

12. Auditor
An auditor must be appointed within 3
months of the Singapore subsidiary
registration.
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.

13. 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.

14. 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.

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