A subsidiary company is a private limited company incorporated in Singapore where the majority shareholder is a foreign or a local company. The
FAQs: Singapore Company Incorporation
Here are the basic questions and answers you need to know before forming a company in Singapore.
How do I register a company name in Singapore?
Your company name must be approved by the Accounting and Corporate Regulatory Authority (ACRA) before you can register it. ACRA will refuse a proposed
Will I automatically get an Entrepreneur Pass (EntrePass) if I start a Singapore company?
No. You have to apply for an Entrepreneur Pass (EntrePass) separately. In addition, your application will be subject to review by three government
What will be my liabilities if I have a high paid-up capital?
Paid-up capital is monies paid by shareholders to the Subsidiary to purchase the Company shares, and these monies can be utilized for all company
When must I pay the paid-up capital and where?
The issued share capital must be paid-up immediately upon incorporation into the corporate bank account. Companies also have the option to allot cash
What is the required authorized share capital for a foreign branch in Singapore?
There is no requirement to the minimum authorized share capital of a foreign branch. During registration, the authorized capital must tally with the
What is the resolution to open a bank account?
The client must provide documents to open a corporate bank account. The following documents will be provided by the client for the opening of a
When opening a Singapore bank account, when should the initial balance be paid and to whom?
The opening balance has to be credited directly to your bank account after the account has been opened and fully activated.
Which bank in Singapore can I open a corporate account with?
Singapore has excellent and varied choices of well-reputed local and international banks for opening corporate accounts. Standard Chartered –
What types of business do not qualify for the Entrepreneur Pass (EntrePass) scheme?
Examples of businesses that will not be considered for Entrepreneur Pass (EntrePass) include: Coffee shops, hawker centres, food courts Bars,
What tax incentives will I enjoy if I were to register a subsidiary company rather than a foreign branch?
As a Singapore subsidiary, your company will be entitled to the following benefits: Your company may be eligible for income tax exemption available
What kind of financing can I apply for in Singapore?
It's well-known that most startups fail within their first few years, mainly due to an inability to access funds for their business activities. You
