Singapore Subsidiary Formation with Employment Pass

Documents Required for Registration

There are a number of documents required for registration:

• Name of the proposed Subsidiary Company
• Brief Description of Business Activities it will carry out
• Shareholders’ Particulars (name, nationality, and residential address)
• Directors’ Particulars (name, nationality, and residential address)
• Registered Address of the Singapore company

In addition to these documents above, you will also need an extract from the Registrar of Companies that shows your parent company’s current registered address and directors. You should also provide passport particulars as well as residential address details for any individual who will act as a director and shareholder in your Singapore subsidiary. All information must be in English; non-English documents must be translated into English before submission.

The 4 Steps Involved in the Process

Step 1: Send Your Request and also include Information Regarding Incorporation

Step 2: Pay for the subsidiary company

As soon as we receive the money for the services shown in the invoice, we will start drafting the subsidiary Company incorporation documents.

Cash, checks, telegraphic transfers, and credit cards are all acceptable forms of payment (Admin surcharges apply).

The incorporation documents must then be signed in Singapore in front of a Notary Public or, if you are overseas.

Step 3: Verification of Documents

Once we get your company’s incorporation information, we will:

• Conduct compliance reviews of the shareholders and directors. In addition, we also conduct a background check on all individuals involved in making decisions for your company. This is done as part of our due diligence process and to ensure that only appropriate people are appointed to key positions within the organization
• Check your proposed company’s name availability. Suppose there are any issues with regard to naming rights. In that case, we will contact you immediately so that we can discuss possible solutions together before proceeding with registration procedures further down the line (if applicable)

Step 4: Register a Company and Introduce Yourself to Banks

Following your signature on the incorporation papers, we shall proceed to register your business with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). We will put you in touch with banks to open your corporate account after the company has been incorporated. Please note that bank KYC must be completed before opening a bank account.

Step 5: Apply for an employment pass

We shall electronically submit all Employment Pass (EP) applications to the Ministry of Manpower (MOM) for processing once you have been incorporated and registered with ACRA. The processing of the application by MOM takes 15 to 25 business days. We will arrange to pick up your EP as soon as we learn of the In-Principle Approval.

Only once the company has been incorporated may an application for the employment pass be submitted. You do not need to be physically present in Singapore during application processing.

Our Package

Our Package includes the following:

1. Registration of Singapore Subsidiary Company

Singapore Subsidiary formation with Employment Pass is a process of forming a subsidiary company in Singapore with an Employment Pass. To form a Singapore subsidiary, you must register the company first and then file for incorporation.

Filing for incorporation requires that you submit all the necessary documents, including a business plan and financial statements, within 30 days after registration.

The registration process involves the following:

• Filling out forms at one of Singapore’s registry offices (SIROS)
• Paying relevant fees
• Waiting about 3 weeks to receive a Certificate of Incorporation
• It will contain your company’s name, date of incorporation, and other details required by law before making any further move, such as applying for a work permit or employment pass

2. Corporate Secretarial

The company secretary provides corporate secretarial services. This is a full-service package that includes preparing and filing statutory documents, preparing and filing annual returns and accounts, as well as preparing and filing annual returns to the Companies Commission of Singapore (CCS).

Our corporate secretarial team can prepare the following documents:

• Certificate of Incorporation (Form INC) submitted to CCS on your behalf
• Minutes or resolutions of board meetings certified by our Director
• Board Deed/Resolutions certified by our Director
• Annual Return to CCS (Form AR1)

3. Provision of Nominee Director for 2 months

Are you planning to set up a Singapore subsidiary? If yes, then you may require a nominee director for the company. This means that the person appointed as a nominee director does not need to be an employee of the company but will represent its interests in compliance and regulatory requirements. The nominee director can also be appointed for specific periods or purposes.

4. Employment Pass Filing

Foreign professionals can work in Singapore using an Employment Pass, which is a type of work visa. The Ministry of Manpower (MOM) is responsible for issuing Employment Passes. An employer who wants to hire an employee needs to file for an Employment Pass for the employee before they can start working in Singapore.

While it’s possible for a company to apply directly for an Employment Pass through MOM, many companies prefer to partner with third-party companies who handle all this paperwork on their behalf so that they don’t have to deal with any red tape themselves.

The Bottom Line

We at IMC take pride in our services and our commitment to client satisfaction. Our Singapore-based company is one of the leading providers of corporate secretarial services, and we have been serving the needs of clients from around the world for years. We can help you set up your Singapore subsidiary through our comprehensive, personalized service.