The Whys and Hows of Subsidiary Company Setup In Singapore 2022 - PowerPoint PPT Presentation

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The Whys and Hows of Subsidiary Company Setup In Singapore 2022

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In this blog, we will help you make the smart move by providing you with the relevant data you will need to set up a subsidiary in Singapore in 2022. – PowerPoint PPT presentation

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Date added: 8 June 2022
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Title: The Whys and Hows of Subsidiary Company Setup In Singapore 2022


1
The Whys and Hows of Subsidiary Company Setup In
Singapore 2022
Bestar Services Pte. Ltd
2
The Whys and Hows of Subsidiary Company Setup In
Singapore 2022
  • If you own a parent company and are mulling over
    widening your business reach with a
    daughter/subsidiary company in 2022, then
    Singapore might be the best choice for a business
    debut. The island-nation is a paradise for all
    types of business entrepreneurs for the ease of
    doing business.
  • Your job gets more manageable with the presence
    of a spate of company incorporation and
    registration service providers in Singapore.
    However, decision-making can get challenging if
    you are spoilt for choice!
  • In this blog, we help you make a prudent move
    while filling you with relevant details that you
    would need to set up your subsidiary company in
    Singapore in the year 2022. Read on

3
Why Is Singapore a Preferred Destination for
Setting Up Subsidiary Company?
  • Why wouldnt a business owner or entrepreneur not
    think of making a local presence felt in the Asia
    Pacifics busiest port and top draw for
    investments? Thats right! Singapore is famously
    tagged as the worlds gateway to Asia.
  • Here are some of the reasons why setting up a
    subsidiary in Singapore is more effortless than
    anywhere else

4
Why Is Singapore a Preferred Destination for
Setting Up Subsidiary Company?
  • With its progressive and business-friendly
    environment and relaxed tax policies, the country
    aims to increase global investments. Taxes here
    are one of the lowest in the world.
  • Subsidiaries in Singapore can operate under a
    different business name and engage in business
    activities separate from the parent company.
  • They are eligible to enjoy the tax benefits and
    exemption schemes that apply to
    Singapore-incorporated companies

5
Why Is Singapore a Preferred Destination for
Setting Up Subsidiary Company?
  • They are 100 foreign-owned and are free to
    repatriate their capital or profits to their
    parent company.
  • The incorporation process of subsidiaries in
    Singapore is hassle-free. The countrys
    incorporation services are available online, so
    you need not travel physically to register your
    subsidiary here

6
How to Set Up Your Subsidiary Company in
Singapore in 2022?
  • The legal steps involved in setting up a
    subsidiary company in Singapore are
  • Providing subsidiary details to the Accounting
    and Corporate Regulatory Authority (ACRA) for
    registration. Such information should include
    subsidiary name, business activity, particulars
    of shareholders and directors, registered
    address, and company constitution.
  • Engage the services of a corporate services firm
    for easy registration.
  • ACRA will give you an official email and a free
    business profile upon successful incorporation.

7
How to Set Up Your Subsidiary Company in
Singapore in 2022?
  • You will then be required to open a new bank
    account in the subsidiarys name for all
    financial transactions.
  • Depending on the nature of the business, the
    subsidiary will then apply for a trade license in
    its name.
  • The subsidiary has to comply with (any new or
    changing) regulatory requirements of Singapore.

8
How to Set Up Your Subsidiary Company in
Singapore in 2022?
  • At Bestar Services, we specialise in helping
    businesses set up subsidiaries in the heartland
    of Singapore. We handle all administration and
    compliance matters without a hitch. We do not let
    you fret over the nitty-gritty of the
    registration and incorporation process, as we
    take all such matters into our professional
    hands. Learn more about our company incorporation
    services or call us on 65 97236684 to discuss
    how you can establish, grow, and expand your
    subsidiary business beyond inception.

9
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