Incorporating A Singapore Subsidiary Company

Economically speaking, registering a Singapore Subsidiary company provides countless

of advantages due to the countrys double-digit economic growth, world-class infrastructure, immigration policies to attract more foreign businessmen and investors, and clean governance.

Aside from these benefits, the corporate law in Singapore provides countless of tax benefits and protection from business-related debts and losses.

These are the main features of a Singapore corporation:

* The personal assets of shareholders (the legal term for corporation owners) such as their cars and houses cannot be liquidated to pay off for the debts, liabilities, and losses related to a business.

* A minimum of one shareholder to a maximum of 50

* A newly incorporated company is eligible for tax exemptions and benefits.

* A corporation enjoys a continuous existence even if one or more of its shareholders die or leave the company.

* A corporation is treated as a separate entity from its shareholders which means that it can enter into contracts, engage in business activities, and own a property.

* As a separate entity from its shareholders, the corporation can be named in a lawsuit or file a case using its own name.

* A Singapore corporation should at least appoint one director who is a local resident or holder of Employment Pass or Dependant Pass.

* There is no limit on the number of directors, both foreigners and Singaporean citizens, as long as one of them is a local resident or holder of Employment Pass or Dependant Pass.

* Tax is only deducted at a corporate level which means that the shares or dividends of shareholders are tax free.

* Newly incorporated businesses can enjoy several tax benefits and exemptions.

* The shares or ownership of the company can be freely transferred and it can add more shareholders if it needs to raise funds.

* A Singapore corporation is required to appoint at a qualified secretary who must be a local resident.

* A corporation is required to file its annual returns to the government.

* It is a legal requirement to disclose shares, contracts, and other business-related activities and information to the government.

by: danielyio

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