Singapore Subsidiary Company Registration Guide

Posted by John Rikvin on January 28th, 2021

How to Register a Singapore Subsidiary Company?

A Singapore subsidiary is a private limited company incorporated in Singapore in which the majority shareholder is a foreign or a local company. It has a legal identity distinct from the parent company’s.

This page provides a detailed overview of a Singapore subsidiary company registration process. A properly structured subsidiary company is a very tax efficient corporate body; hence, this form is the most common type of entity registered in Singapore by foreign companies.

A Singapore subsidiary is the most preferred choice for foreign companies to establish their presence in Singapore. Singapore allows 100% foreign shareholding. The shareholder’s liability is limited to the value of the shares it subscribes to. Singapore does not restrict the repatriation of any profit or capital of a Singapore subsidiary.

Incorporation of a Singapore Subsidiary Company comes into existence upon registration under the Companies Act (Cap 50) with Accounting and Corporate Regulatory Authority (ACRA). A Singapore subsidiary company is also considered a resident company for tax purposes.

What are Singapore Subsidiary Registration Requirements?

  • Proposed Name of Subsidiary

    The company name must be approved by ACRA before the Singapore Company can be incorporated. ACRA will reject a proposed company name for the purpose of incorporation if the name is identical to another existing company name; or undesirable or identical to names reserved by the Minister in its register.

  • Shareholders

    A minimum of at least one corporate shareholder is required. A director and shareholder can be the same or different person(s). 100% local or foreign corporate shareholding is allowed. The Singapore Companies Act allows a minimum of one and a maximum of 50 shareholders for a Singapore Private Limited Company. Details of shareholders will appear on public records.

  • Resident Directors

    A Singapore Private Limited Company must have at least one director who must be an “ordinary” resident in Singapore, i.e. a Singapore citizen, a Singapore permanent resident or a person who holds an Employment Pass/EntrePass or a Dependant Pass with a residential address in Singapore.

    There is no limitation on the number of additional local or foreign directors a Singapore Private Limited Company can appoint. The director must be at least 18 years of age, and must not be bankrupt or convicted of any criminal malpractice in the past. Information of the directors will appear on public records. Directors can also be shareholders or vice versa.

  • Company Secretary

    The company secretary must be a natural person who is an “ordinary” resident in Singapore. The Singapore Companies Act requires each company to appoint a company secretary within six months of incorporation.

  • Share Capital/Paid-up Capital

    The minimum paid-up capital for the registration of a Singapore company is S or its equivalent in any other currency. The parent company may own 100% of the company’s shares. There is no concept of authorized capital in Singapore.

Read more about Singapore Subsidiary Company Registration at Rikvin.com.

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John Rikvin

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John Rikvin
Joined: August 9th, 2019
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