OVERVIEW

 

A foreign Subsidiary Company in Singapore is a locally incorporated limited liability company of which the majority of shares are held by the foreign company.

 

Subsidiary Setup with Relocation option to Singapore

 

If you wish to set up a Subsidiary Company and relocate a staff member to Singapore, you will need to do the following:

 

1. Incorporate a Subsidiary Company

2. Obtain an Employment Pass for the staff member who is relocating to Singapore. The Employment Pass application can be filed only after registration of the Subsidiary Company

 

Singapore Subsidiary Company Setup Requirements

 

• Minimum 1 Corporate Shareholder

• 1 Resident Director

• 1 Company Secretary

• Minimum paid-up capital of S$1

• A Singapore registered office address

 

Features of a Subsidiary

 

• It is incorporated as a limited liability company, hence has a distinct legal identity.

• The foreign company’s liability is limited to the value of the shares it subscribes into the subsidiary.

• The foreign parent company may own 100% of the subsidiary shares.

• A subsidiary company, with at least one individual shareholder with minimum of 10% shareholding, is entitled to local tax incentives. New start-up companies Pay Zero tax on the first S$100,000 of chargeable income for the first three consecutive years.

 

Notes

 

If you are a foreign company who wishes to setup a Singapore Subsidiary company and relocate to Singapore, the following must be fulfilled:

 

1. Engage Beaufort to incorporate your Singapore Subsidiary company.

2. Use our Singapore Resident Nominee Director on a temporary basis until you secure your Employment Pass.

3. Apply for your Employment Pass and for your employees.

4. Relocate to Singapore and start your business.

 

All company registration including work pass application can be handled without you having to be in Singapore.