Registration of a Subsidiary Company in Singapore
A Singapore Subsidiary is a Private Limited Company registered in Singapore with its majority shareholder being another company. The company which forms the Singapore Subsidiary Company can be either a local or foreign business; in either case, the parent company can own 100% of shares.
In Singapore, a subsidiary company can be fully owned by a foreign business and is a totally separate legal entity from its parent. The liability of the parent company liability is limited to its investments in the subsidiary company and is not liable for the debts and liabilities incurred by the subsidiary. A Singapore subsidiary is locally incorporated company and is entitled to all the tax benefits available to resident companies.
Overview of Singapore Subsidiary Company
- 100% foreign company ownership allowed
- Only requires S$ 1 in paid-up capital
- No capital gains tax
- Full service packages for private limited companies are available
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2014 Singapore Subsidiary Company
Why set up a Singapore subsidiary company?
All the tax benefits without full relocation
A Singapore subsidiary can be a great option for a foreign business hoping to setup a presence in tax friendly Singapore. The parent company enjoys the limits on liabilities on it’s assets. The subsidiary company is in effect a local company and is fully eligible for all the tax benefits of Singapore and Singapore’s tax treaties. Singapore also offers relatively inexpensive incorporation fees and the process is very simple. That is why we recommend the subsidiary company as the business formation of choice for foreign companies registering a business in Singapore.
Limited liability
Singapore Subsidiary companies are limited liability companies
As a private limited company, it is its own tax entity and is separate from it’s directors and it’s shareholders. Subsidiary companies can acquire assets, debt, join contracts, file lawsuits or be a party to a lawsuit under it’s own name. Liability of shareholders in the subsidiary company will be limited to the investment contributed in capital to the subsidiary company.
Ownership by a foreign business
Foreign companies can fully own its subsidiary in Singapore
A foreign company can fully own it’s own subsidiary company in Singapore while still enjoying all the benefits of being considered a local business.