if you're a resident, it is entirely cheaper to incorporate it yourself first before handing it off to an accountant... it is not difficult nor very time consuming.sduthie13 wrote:I am considering setting up a subsidiary business in Singapore (i am a singapore resident) and would welcome any words of wisdom, advice and experiences please!
Also Can anyone recommend a good company that can arrange the incorporation for me?
sduthie13 wrote:Apologies i should have been clearer, i am currently resident in Singapore on my husbands employment pass.
The business has a foreign head office and i believe the best type of company incorporation for this is a 'Subsidiary Company' office in Singapore that is basically treated as a separate entity or Limited Company??
No worries - you can't actually find the information on the ACRA website... that's why they tell you to hire a lawyer or CPA. Also, you can actually incorporate online if you have a Singpass... it just doesn't go anywhere until they receive all required documentation.taxico wrote:my bad, then. thanks for correcting the post!
Documents, etc., to be lodged by foreign companies having place of business in Singapore
368.—(1) Every foreign company shall, before it establishes a place of business or commences to carry on business in Singapore, lodge with the Registrar for registration —
(a)
a certified copy of the certificate of its incorporation or registration in its place of incorporation or origin or a document of similar effect;
(b)
a certified copy of its charter, statute or memorandum and articles or other instrument constituting or defining its constitution;
(c)
a list of its directors containing similar particulars with respect to its directors as are by this Act required to be contained in the register of the directors, managers and secretaries of a company incorporated under this Act;
(d)
where the list includes directors resident in Singapore who are members of the local board of directors, a memorandum duly executed by or on behalf of the foreign company stating the powers of the local directors;
(e)
a memorandum of appointment or power of attorney under the seal of the foreign company or executed on its behalf in such manner as to be binding on the company and, in either case, verified in the prescribed manner, stating the names and addresses of 2 or more natural persons resident in Singapore authorised to accept on its behalf service of process and any notices required to be served on the company; and
(f)
notice of the situation of its registered office in Singapore and, unless the office is open and accessible to the public during ordinary business hours on each business day, the days and hours during which it is open and accessible to the public,
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