A Better Profitable Option By Opening A Subsidiary Company In Singapore

By Author: Jay Mantarvadi
Total Articles: 7
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Singapore being the fourth leading financial centre of the world and a cosmopolitan world city and plays a key role in the international trade and finance. Therefore, it is quite natural that several of the foreign entrepreneurs would like to extend their business in Singapore for the best and better profitable options. In fact to register company in Singapore is not at all a tough job. In fact you can easily setup a Singapore company incorporation just by following some basic formalities and meeting certain requirements. In fact you can also open up a Singapore branch office in this process and can get the get the opportunity to earn better profits.

It is a notable fact that the immigration policy of Singapore is quite liberal and here in Singapore foreign talents are receive a warm welcome. Other than that there are several special incentives available for the Singapore incorporate companies which provides a good deal of help for growing their business both locally as well as expanding overseas. It also offers several tax benefits as well. All these promote the popularity of Singapore company formation as a private ...
... limited company along with the availability of the best tax efficient arrangements.

Therefore, being a foreign national or a foreign company, opening up a Singapore subsidiary company is not much of a problem if you can meet up with certain requirements. However, these requirements include the company name that must be approved by ACRA and must be the same as the foreign company. It is also essential that the company must have at least one resident shareholder and also a resident director with no bankruptcy or criminal malpractice records. However, the shareholder and the director can be the same person.

Other than these there are also some other things there is also the need of having a Singapore resident secretary for the company as well. And other than that it is also important to lodge the Memorandum and Articles of Association with ACRA. The Memorandum specifies the activities in which the company may engage in where as the Articles of Association specifies the rules governing the internal management of the company.

However, if your company have met with all these requirements it is not much difficult to incorporate company in Singapore. In this respect one can have mainly three types of company setup in Singapore. First of all you can either open up a branch office in Singapore which is considered by the ACRA as a simple annexe of the foreign company. Other than that there is also the option of opening up a subsidiary company. This is one of the most popular option these days mainly because of the fact that its liabilities do not get transmitted to the present company as it is considered to be a separate entity. Besides that there is also the option of choosing a different name from the parent company. And it is necessary to have at least one resident director for the purpose. Other than this another option available in this respect is to have a representative office for the foreign company. However, there is certain limitations in this respect as the representative office cannot carry on income generating business activities. These are some of the options available for a foreign company to carry on their business in Singapore.

If you want to register Singapore company or to have a singapore company incorporation or a singapore company setup the best and the most potential help is offered by SingaporeSETUP.