A subsidiary company is a private limited company incorporated in Singapore where the majority shareholder is a foreign or a local company. The subsidiary company has a legal identity distinct from the parent company’s. Because a Singapore Subsidiary is a very tax-efficient corporate body, it is the most common and…Read More
Company Incorporation FAQs / Singapore Subsidiary Company Registration
As a Singapore subsidiary, your company will be entitled to the following benefits: Your company may be eligible for income tax exemption available for new startup companies, provided that the company satisfies the following conditions: 100% shares allotted to Corporate Shareholders(s); partial exemption at least 10% shares allotted to Individual…Read More
The Companies Act (Cap. 50) does not cap the amount of shares each shareholder is entitled to. In other words, the foreign parent company may own 100% shares of the subsidiary company.
For a successful Singapore subsidiary incorporation, you will need the following information and documents: Company Name Registered Address A Description of Business Activities Shareholders Particulars Directors’ Particulars Company Secretary Particulars Memorandum and Articles of Association (MAA). A copy of Singapore Identity Card (IC) for Singapore Residents Copy of passport, proof…Read More
After your Singapore subsidiary company has been set up, you can start your business activities immediately. However, you may need to do the following depending on which is applicable to you: Open bank accounts. You may want to choose a bank that serves your corporate banking needs. i.e. Letter of…Read More
The name of the company is your decision, and it need not be the same as the parent company. However, the names of companies are subject to review by the authorities if it contains sensitive words, or if the name is similar to an existing company.