establish a subsidiary in singapore
TRANSCRIPT
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Establish a Subsidiary in Singapore
A presentation brought to you by our OpenCompanySingapore.com
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Entities Foreign Companies Can Register in Singapore
• Foreign companies wanting to settle in Singapore can opt to register a subsidiary, a branch office or a representative office.
• Subsidiaries can be registered
in Singapore as private limited liability companies whose majority shareholder is another corporation.
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Requirements to Open a Subsidiary in Singapore >>
• Foreign companies are allowed to fully own subsidiaries in Singapore.
• At least one of the directors of the subsidiary must be a citizen, have permanent residency or an employment license in Singapore.
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<< Requirements to Open a Subsidiary in Singapore
• Singapore subsidiaries are required to have registered offices and a secretary that must be a resident.
• Within the first three months from the subsidiary registration an auditor must be nominated because audited accounts must be submitted with the tax authorities each year.
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The Share Capital of Singapore Subsidiaries
• The minimum share capital required to set up a subsidiary in Singapore is 1 S$.
• According to the Company Law there is no required authorized capital when establishing a subsidiary.
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Documents for Subsidiary Registration in Singapore >>
• The following documents must be submitted with the Singapore Trade Register:
the certificate of incorporation of the parent company;
a statement of the registered address and directors of the parent company;
the decision of appointing the subsidiary’s representative in Singapore;
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<< Documents for Subsidiary Registration in Singapore
These documents are:
copies after the passports and proof of residential addresses of the subsidiary’s directors;
the parent company’s resolution appointing the directors;
the registered address of the subsidiary in Singapore,
the Articles of Association of the Singapore subsidiary.
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Subsidiary Registration Procedure in Singapore>>
• The registration process of a Singapore subsidiary is quick and easy once all the documentation has been properly prepared.
• The first step will be to submit an application for the approval of the subsidiary’s name and the second step will be the company incorporation.
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<<Subsidiary Registration Procedure in Singapore
• The process usually takes about two days. The Singapore subsidiary must also open a bank account with a local bank.
• Our specialists in company formation in Singapore can draft the Articles of Association of the company and perform all the legal requirements for company registration.
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Company Incorporation Services in Singapore
• Our local representatives specialize in company formation and tax consultancy.
• We also offer legal advice in certain aspects of commercial and corporate law.
• Representation of clients looking to incorporate Singapore companies will be handled by a team of international and experts.
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Thank you for your attention !
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