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6 reasons why Singapore subsidiary company incorporation is best for foreigners

As a foreign entity plans to incorporate company in Singapore, getting confused about which option to choose for a best long-term business in Singapore is very much possible. Amongst 3 major options of company incorporation that exists for foreign companies, Singapore subsidiary company registration is the best option for most companies, irrespective of their size such as small, medium or large or multinational.<br>here are 6 key reasons why subsidiary company in Singapore is best option to choose.<br><br>For More information visit this link: <br><br>http://precursor.com.sg/6-reasons-singapore-subsidiary-company-incorporation-best-foreigners/<br>

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6 reasons why Singapore subsidiary company incorporation is best for foreigners

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  1. 6 reasons why Singapore subsidiary company incorporation works best for foreigners

  2. As a foreign entity plans to incorporate company in Singapore, getting confused about which option to choose for a best long-term business in Singapore is very much possible. Amongst 3 major options of company incorporation that exists for foreign companies, Singapore subsidiary company registration is the best option for most companies, irrespective of their size such as small, medium or large or multinational. here are 6 key reasons why subsidiary company in Singapore is best option to choose.

  3. 1. 100% foreign share holding is allowed According to Singapore companies act, 100% foreign share holding is allowed for a Singapore subsidiary company. While there is a mandatory requirement of at least one local Singapore resident director while incorporation, directors are not necessarily required to be the share holders and the share holders and directors of a Singapore subsidiary company can be different entities.

  4. 2. Assets of parent foreign company are treated separately While incorporating company as a foreign entity, one fear that occurs is the liability, especially a case of debt if arises. Fortunately, in Singapore, the liabilities of a Singapore company are based on share capital and not the assets of the parent company I.E. the foreign company that has incorporated the Singapore subsidiary company.

  5. 3. Local tax benefits can be enjoyed Singapore is often cited as a leading example of countries that continue to have a lower corporate income tax rates in order to attract foreign businesses to invest in the Country. Singapore’s low tax rate is, in fact, one of the major reasons that inspire foreigners to incorporate company in Singapore.

  6. 4. Exemption and Government grants can be enjoyed Since Singapore subsidiary company is given the status of a local/resident company, its also entitled for receiving various tax exemptions as well as government grants that are given by Singapore government to local (private limited) companies. This includes different types of grants offered to companies such as Capability Development Grant and Enhanced Isprint Grant.

  7. 5. Minimum paid up capital is Sgd 1 Many countries around the world including Europe have legal requirements for minimum authorized, subscribed and paid-up capital that is quite high for domestic companies. Sometimes their amount is tens of thousands of Euros.

  8. 6. Tax Reliefs/exemptions for Singapore subsidiary companies If the subsidiary company meets the requirements of tax residency, they can qualify for certain tax benefits. The companies can benefit from the tax exemptions provided under the Avoidance of Double Taxation Agreements (DTAs). Singapore has signed with other countries and tax exemption for new start-up companies. 

  9. Conclusion While there are at least 3 major company incorporation options in Singapore, those who choose subsidiary company registration as the type of their incorporation receive maximum benefits as described above. Enjoying these benefits, however, is only possible if the respective company files timely annual financial statements, complies with Singapore laws and operates a fair business in accordance with Singapore’s policies.

  10. For More information visit this link: http://precursor.com.sg/6-reasons-singapore-subsidiary-company-incorporation-best-foreigners/

  11. Contact us: Precursor Group Pte ltd. • Address : 60 Albert Street #14-04 OG • Albert Complex Singapore • (189969) • Phone : (65) 63365500 • Email id : clients@precursor.com.sg • Website : http://precursor.com.sg

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