Subsidiary Company + Nominee Director

This incorporation package is for foreign companies who wish to expand their business to Singapore.  The main components of this package are:

• Limited Liability Company
• Nominee Director Service

3-step process

• A subsidiary company is incorporated as a limited liability company
• It operates with a separate and distinct legal identity.
• The foreign company’s liability is limited to the value of the shares it subscribes into the subsidiary.
• The foreign parent company may own any portion up to 100% of the subsidiary company’s shares.
• A subsidiary company is entitled to Singapore corporate tax incentives if it has at least one individual shareholder with minimum of 10% shareholding.
• Newly incorporated companies are NOT REQUIRED to pay tax on the first S$100,000 of chargeable income for the first three consecutive years.

Requirements of Subsidiary Company

• At least 1 shareholder
• At least 1 resident director (Singapore citizen, permanent resident or employment pass holder)
• 1 locally resident Company Secretary
• Minimum paid-up capital of ONE share in any currency of any denomination (eg S$1)
• A local registered office address

Company Registration fees include following services:

• Government Fees for company registration
• Company name verification and reservation
• Preparation of Memorandum & Articles of Association
• Preparation of registration forms
• E-Certificate of incorporation
• Preparation of compliance corporate kit, including corporate seal, share certificates, register and minutes book
• Minutes of first board meeting
• Common seal
• Resolution to open a bank account

This package includes a nominee director service.  The following points should be noted:

•  A security deposit is required to be held for the duration that a nominee director service is provided.
• Upon resignation of our nominee director, the security deposit is refunded less any outstanding fees or disbursements.
• You are required to complete our client profile form with full disclosure.
• The provision of our nominee local director is subject to the favourable assessment of the client profile form.