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Setting up Subsidiary Company in Singapore is a Breeze with SBS Consulting
Foreign-based companies can incorporate a subsidiary company to set up their presence in Singapore. The subsidiary company is treated as a local company in Singapore. Lower tax rates and tax exemptions put forth for the local companies.
To form a subsidiary company in Singapore, the foreign entity has to provide one local director, above 18 years of age, who is a Singaporean citizen, Singaporean permanent resident, or an employment pass holder. Other requirements include –
1. Minimum Paid-Up Capital - At least S$1
2. Company secretary – He/she should be a Singaporean citizen, Singaporean permanent resident, or an employment pass holder. He/she should be appointed within 6 months of formation of the subsidiary company in Singapore ( http://www.sbsgroup.com.sg/
3. Registered address - It can be a commercial office address or a home office address, but a P.O. Box address is not allowed.
The spokesperson of SBS Consulting further added, “The parent company should provide its certificate of incorporation of its home country. In addition, an extract from the registrar of companies should be produced, that shows the registered address, the directors’ details, and the nature of business. A memorandum & Articles of Association for the Singapore subsidiary is required. Lastly, certified copies of the passport of the relocating individual, individual shareholders (if any), and those who will act as directors of the Singapore subsidiary should be provided.”
All the above-mentioned documents should be in English, if not, then a certified translator must translate them into English. The governing bodies like ACRA accept documents written only in English. If all the documents are ready, the process of registration takes no more than 1-2 days. SBS Consulting also provides assistance in opening a bank account any one of the local or international banks present in Singapore.
Apart from helping to setup a subsidiary firm in Singapore, SBS Consulting also provides services for incorporation of a Private Limited Company (Pte Ltd), Limited Liability Partnership (LLP), Sole Proprietorship, Branch Office, and Representative Office.
About SBS Consulting:
SBS Consulting provides the best company incorporation services ( http://www.sbsgroup.com.sg/
SBS Consulting Pte Ltd
35-B Hongkong Street,
Singapore - 059674
Tel: +65 67289142