How to Form a Subsidiary Company in Singapore without Relocation?
A Subsidiary company in Singapore is a form of a company registration which never failed to attract foreign investors and entrepreneurs from far and wide to flock to the tiny island nation of South East Asia. For last few decades, more and more worldwide entrepreneurs are coming to the business hub in order to form a Singapore company with an intention to gain unparalleled access to global market. This blog will provide an overview on the process of starting company in Singapore in the form of subsidiary without being relocated to the business nation.
A Singapore subsidiary is a locally incorporated limited liability company or private limited company which major shareholder is a foreign or local company. By incorporating a subsidiary company in Singapore, a foreign entrepreneur or an entity can take advantages of tax benefits or incentives that are being entitled to a local resident Singapore. One common question that often comes up in the mind of an overseas entrepreneur is “can I start a Singapore company without being relocated to there?” The answer is yes. But, it is highly recommended to hire a reliable third party firm that offers quality company incorporation services.
What are the necessary requirements for starting a subsidiary company in Singapore?
- At least one local nominee director
- Minimum one corporate shareholder
- One company secretary
- A Singapore local registered address
- Minimum paid up value of S$1
Advantages of a Singapore subsidiary company:
- The parent company may hold 100% ownership of the subsidiary
- A Singapore subsidiary is entitled to local tax benefits with at least one individual shareholder holding with minimum of 10% shareholding.
When you engage the service of a Singapore company registration firm, they will take entire responsibilities of the process of your business incorporation Singapore starting from the drafting of business plan to issuance of the company registration certificate. Surprisingly, they even provide post registration formalities including assistance to opening a bank account.
You simply need to appoint a resident director and furnish them with all the relevant documents such as identity card information, certificate of incorporation of the parent company, etc. to process the Singapore business incorporation on your behalf. This way, you would be saving the high cost of travelling to the island nation, hotel accommodation and most importantly, your precious time and energy in accomplishing the process for registration of a Singapore company if you do not hire the service of a professional service provider.
Are you interested in the service of subsidiary company registration of SBS Consulting? You can directly call us on following number +65 6536 0036 or send email at info@sbsgroup.com.sg .
