Singapore Subsidiary Company: What's in Store for Foreign Businessmen?
Starting a business in Singapore is relatively easy for international companies planning
to tap the lucrative market of the city-state or expand operations in the Asia-Pacific.Although it may have several business structures that are foreign companies, most experts believe that the subsidiary is the most ideal because it offers greater freedom in conducting business.
Since a subsidiary is treated as a separate entity from its parent company may be incorporated into any business, Ajax, although legal in the country even when connecting is not the nature of the activity of its headquarters.
And as a subsidiary in Singapore and the seat are two separate legal entities, the first can use a different name if desired.
One of the advantages of a subsidiary in Singapore is that foreign companies enjoy limited liability protection, which means that their assets for all liabilities, losses and liabilities of its subsidiary office be protected in the country. In addition, no liability for the acts of its subsidiaries.
Another notable advantage is a subsidiary of fiscal incentives and local exemptions, even if only for its foreign parent company. This is because the government passed a law granting tax incentives to all local authorities, has always existed and they meet the following requirements:
* The management and control in the country. While the authorities there is no strict definition management, and control of suppliers, Most experts believe that applies to the authority of the Governing Council when it comes to decisions, instead of the daily operations of the Company.
* At least one individual shareholder at least 10 percent ownership or all the shareholders are individuals, their actions are under your name.
* No more than 20 shareholders in the review year.
While starting a business is relatively easy for most foreign companies (especially if they have a solid track record and reputation) is a commitment to hire a company business registration for the registration of a subsidiary in Singapore. This is because the Companies Act of Singapore prohibits foreign enterprises, organizations and individuals to register your own business in the country.
Meanwhile, foreign business people only choose a professional company, from accounting and Corporate Regulatory Authority (ACRA) accredited.
Singapore Subsidiary Company: What's in Store for Foreign Businessmen?
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