OVERVIEW

 

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

 

Singapore Subsidiary Setup without Relocation

 

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. You must appoint a trusted contact or engage our Resident Nominee Director Service to comply with Singapore companies’ statutory requirements.

 

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 as mandated by ACRA.

2. Appoint a Singapore Resident Nominee Director or engage Beaufort's Nominee Director Service. 

3. A Singapore resident director is required for the incorporation of a company in Singapore.

4. Beaufort can provide you with a Nominee Director on a long term basis or a temporary one until you find a suitable local director to represent your company.

5. We will transfer the directorship once you have appointed a new local director.

6. Relocate to Singapore and start your business.

 

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