Subsidiary Company Registration

Subsidiary-Company-Registration

Need help in creating a Subsidiary? Get in touch with SingaporeAudit.com.sg. We offer excellent Singapore subsidiary company registration services.

The ideal way to make your presence felt in the business friendly environment of Singapore is to opt for a Subsidiary company registration. The small and medium sized enterprises prefer to set up a Singapore company by registering as a subsidiary company. This type of a Singapore company is a separate legal entity and does not have any bearing on the debts or losses incurred by its parent company.

Basic Facts of Subsidiary Company in Singapore Prior to Registration

Name of Subsidiary Company: The name of the subsidiary company can be similar or different from its parent company, but must not conflict with the name of an existing Singapore firm, in order to get an approval from ACRA.

Paid-Up Capital: You must have a minimum paid-up capital of S$1 for starting a subsidiary company in Singapore.

Local Director: You need to appoint at least 1 local director who is a permanent resident of Singapore, or a Singapore citizen or any person holding a valid Employment Pass, EntrePass or a Dependant’s Pass, in order to form a Subsidiary company in Singapore.

Shareholders Pattern: A minimum of 1 shareholder and a maximum of 50 are necessary for the formation of a subsidiary company in Singapore. In addition, the parent company can own 100% shares of the Singapore subsidiary firm.

Company Secretary: A company secretary should be appointed within 6 months from the setup of the subsidiary firm. The company secretary needs to be a permanent resident of Singapore or a natural Singapore citizen or any person holding a valid Employment Pass, EntrePass, or a Dependant’s Pass.

Registered Office Address: You need to provide a valid physical address of your subsidiary company in Singapore.

Documents Required for Subsidiary Company Registration

  • Memorandum and Articles of Association (MAA) for the Singapore subsidiary firm
  • Incorporation certificate of the parent company
  • A corporate undertaking declaring the appointment of an individual to sign necessary subsidiary documents at the behest of the parent company
  • Registered address of the subsidiary company
  • Residential address and passport details of the local director

Registration Process

  • Approval of the subsidiary company name
  • Submitting the necessary documents to ACRA
  • Getting the company registered with ACRA
  • Opening of a corporate bank account

Post Subsidiary Company Registration

An email notification is sent acknowledging the registration in Singapore along with the company registration number. This acknowledgement is the official certificate of subsidiary company registration. An auditor must be appointed within 3 months of the registration of the firm, and the company needs to file its audited accounts with Inland Revenue Authority Singapore (IRAS) on an annual basis.

We at Singapore Audit offer you dedicated services of subsidiary company registration including guiding you with name approval, information on the documents required and other company incorporation services. We make your process for company registration simple and convenient.

Please feel free to contact us on +65 6536 0036 or drop in an email at info@singaporeaudit.com.sg

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