Subsidiary Company Setup with Nominee Director Package

Overview

A foreign Subsidiary Company in Singapore is a locally incorporated limited liability company with which the majority of shares are held by the foreign company.

If you wish to set up a Subsidiary Company without relocation of management staff member to Singapore, you will need to do the following:

  • Incorporate a Subsidiary Company.
  • Appointment of a Singapore resident director for the incorporation of the company in accordance with the Singapore Companies Act. You can also engage our Singapore Nominee Director Service where we can provide a Nominee Director on a long term basis or a temporary one until you find a suitable Singapore resident director to represent your company.

Subsidiary Company Setup with Nominee Director Package

Choose the package if you wish to setup a company without relocating to Singapore. You will require nominee director service to satisfy the statutory requirement.

Start Now

Features of a Singapore Subsidiary Company

  • It is incorporated as a limited liability company, hence has a distinct legal identity.
  • The foreign company’s liability is limited to the value of the shares it subscribes into the subsidiary.
  • The foreign parent company may own 100% of the subsidiary.
  • A subsidiary company, with at least one individual shareholder with minimum of 10 percent shareholding, is entitled to local tax incentives. New start-up companies Pay Zero tax on the first S$100,000 of chargeable income for the first three consecutive years. A further 50% exemption is given on the next S$200,000 of the chargeable income.

Summary of Setup Requirements for Singapore Subsidiary

  • Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
  • Minimum initial paid-up capital is S$1
  • A Singapore registered office address

Note

If you are a foreign company that plans to incorporate a company and do not intend to relocate management staff to Singapore, you will need to do the following:

  • Engage Asiabiz Services to assist you in the registration of a Subsidiary Company as mandated by ACRA.
  • Appoint a Singapore resident director or engage Asiabiz Nominee Director Service. A Singapore resident director is required for the incorporation of a company in Singapore. Asiabiz Services can provide you with a Nominee Director on a long term basis or a temporary one until you find a suitable local director to represent your company. We will transfer the directorship once you have appointed a new local director.

Ready to start a Singapore Subsidiary company?

AsiaBiz has provided fast incorporation services to over thousands of corporate clients in Singapore. Our incorporation specialists would be happy to assist you on your incorporation needs.

Contact Us
Share This
Call Us
Skype
Text Us
Email Us