Singapore Company Registration Specialist
We provide incorporation and corporate secretarial services

Registration Requirements for Singapore Subsidiary

A Singapore Foreign Subsidiary Company is a Singapore incorporated limited liability company with the foreign company holding majority of the shares.

Any foreign company that wants to establish a Singapore Subsidiary Company along with the relocation of a staff member will have to ensure the following:

  • Incorporation of a Singapore Subsidiary Company
  • Get an Employment Pass (EP) for the employee who needs to relocate to Singapore. Application for the EP can be made only after the Subsidiary Company has been registered.

 

A foreign company can establish a Singapore Subsidiary Company without relocating a staff through the following steps:

  • Incorporation of Singapore Subsidiary Company
  • Appointing a Singapore resident director for incorporating the company according to the Singapore Companies Act.
  • Richmond can offer you Nominee Director Service on both short-term and long-term basis. This service can be provided until you are able to find your Resident Director

 

Singapore Subsidiary Company Establishment Requisites

  • Minimum of one Resident Director, Corporate Shareholder and Company Secretary each
  • Minimal initial paid-up capital of SGD 1
  • Registered Singapore office address

 

Characteristics of a Subsidiary Company

  • Incorporation as a limited liability company with a unique legal identity.
  • The Foreign parent company has the freedom to own 100 percent of the shares.
  • The liability of the foreign company is restricted to the value of shares subscribed in the subsidiary.
  • Tax incentives for a Singapore subsidiary company that has minimum 1 shareholder with at least 10 percent shareholding. A newly established subsidiary company pays zero tax on the initial chargeable income of SGD 100,000 for the first 3 successive years. Additional 50 percent exemption is provided on the next chargeable income of SGD 200,000.
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