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 !

For more information, please contact us at:

+ 852 8191 3385

office@lawyers-singapore.com

http://www.opencompanysingapore.com11