How to Register a Foreign Company in Singapore

Get your Foreign Company Registered in Singapore. IMC can assist you with registering as a subsidiary company, branch office, or representative office.

How to Register a Foreign Company in Singapore

Get your Foreign Company Registered in Singapore. IMC can assist you with registering as a subsidiary company, branch office, or representative office.

Is starting a new business or expansion of your existing business to Singapore on your mind?

Singapore is known as an attractive hub for many foreign companies who want to set up or strengthen their business in the region. It’s an apt choice to register a foreign company in Singapore because of its booming business environment and attractive taxation schemes. The country also has a simple incorporation procedure and very transparent policies, which make it an attraction for foreign companies.

Key Points to keep in mind when thinking of Singapore Company Incorporation

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What are the Options to Set up a Foreign Company?

This is a locally incorporated and private limited company where the major stake is with some local person or a foreign company. The good news is that in Singapore, a foreign national could fully own the company or the company could be fully foreign-owned. This permits foreign companies to set up a subsidiary company in Singapore and also own all or 100% of its shares.

Under the law of Singapore, a subsidiary company is defined as a separate entity (which is different from its foreign parent company) and is considered a local Singaporean company. Therefore, the foreign company and its assets can never be held against the debts and liabilities that its subsidiary could have incurred.

A local subsidiary company is a brilliant tax-efficient option to set up business. Being a Singaporean company, it enjoys all favourable tax benefits and can also avail various government incentives and quicker access to local funds.

Thus, foreign companies and individuals are advised to establish a subsidiary company in case they own a small to medium-size business.

Points to Remember while establishing a subsidiary company:

  • The subsidiary company’s name could be different from the parent company’s name. However, the subsidiary company’s new name needs to be approved by Singapore’s Accounting and Corporate Regulatory Authority (ACRA)
  • The Singapore Companies Act mandates appointing one or more directors. Out of these, at least one director should be a Singapore citizen and permanent resident of the country or an Employment Pass holder
  • A subsidiary company should have a registered office address located within Singapore and should maintain their statutory documents in that particular office

Select the best-suited profile:

It’s advisable to start with a Representative Office first if you have some doubts and want to test the market. But if you have decided to set up a new business office in Singapore which is not going to be a part of a parent company, then you must go with the option of setting up a Subsidiary Company. However, in case you have a thriving business already and just want to set up an office in Singapore to make your presence felt in the Asian market, then registering a Branch Office is a viable option. To make this process of registering a foreign company in Singapore easy, you could consider taking the services of some professional agency that can turn it into a smooth and hassle-free experience for you. We at IMC, help you with your accounting services in Singaporevisa services in Singapore and assist you to register a foreign company in Singapore seamlessly. So just park your burdens with us and focus on your core goals.

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