How to Register Singapore Subsidiary Company

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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.

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• 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.

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• 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.
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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.

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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.

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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.

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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.

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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 companys shares. There is no concept
  of authorized capital in Singapore.

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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.

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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.

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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.

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• 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.

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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.

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• For More information visit this link
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• http//precursor.com.sg/register-singapore-subsidi
  ary-company/

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