6 reasons why Singapore subsidiary company incorporation works best for foreigners

According to Singapore companies act, 100% foreign share holding is allowed for a Singapore subsidiary incorporation 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. This flexibility allows foreign companies to run their business in Singapore.

here are 6 key reasons why subsidiary company in Singapore is best option to choose.

1. 100% foreign share holding is allowed

2. Assets of parent foreign company are treated separately

3. Local tax benefits can be enjoyed

4. Exemption and Government grants can be enjoyed

5. Minimum paid up capital is Sgd 1

6. Tax Reliefs/exemptions for Singapore subsidiary companies

For More information visit this link:

http://precursor.com.sg/6-reasons-singapore-subsidiary-company-incorporation-best-foreigners/

Role and responsibilities of Singapore company resident director

Amongst others, one of the key requirements for incorporating a company in Singapore is that it should have at least one resident director. While a local Singaporean resident can become a resident director of his own company himself, it is mandatory for a foreigner looking to register company in Singapore to have a resident director in his company in order to proceed with company registration in Singapore. 

As ACRA States, “A director must make decisions objectively, act in the best interest of the company, avoid conflicts of interest, and be honest and diligent in carrying out his duties.”
The director is the most important stakeholder in a Singapore company considering that he or she is the person responsible for managing the affairs of the company and providing it with directions about how to go ahead both practically as well as on papers. 

For More information visit this link:

http://precursor.com.sg/role-responsibilities-singapore-company-resident-director/

3 things foreigners need for becoming entrepreneur in Singapore

As there are various compelling reasons for starting business in Singapore, foreigners wanting to become Singapore entrepreneurs often have doubts and questions in regards to the things they need for starting business in Singapore and becoming an entrepreneur.
Fortunately, Singapore being highly conducive to business and entrepreneurship for foreigners does not actually require a huge list of things. Just a few basics and you’re all set. 

Here are 3 things you need for becoming entrepreneur in Singapore and starting Singapore business.

1. Company incorporation in Singapore2. Company secretary in Singapore3. Singapore Entrepreneur Pass (EntrePass)

For More information visit this link:

http://precursor.com.sg/3-things-foreigners-need-becoming-entrepreneur-singapore/

5 reasons why you should engage a Company secretary in Singapore

Whether you are in process of incorporating company in Singapore or you have registered a Singapore company, one of the key requirements for all companies incorporated in Singapore is to have a company secretary who must be a resident of Singapore. Company secretary in Singapore is the primary person or officer responsible for administrative and reporting functions mandated by law. It is therefore the job of company secretary to ensure that the Singapore company he is responsible for meets all the regulatory obligations.

As per law, every Singapore company has to appoint company secretary within 6 month of its incorporation. 

As the company secretary is such a key position in a company, the following are 5 reasons why you need to appoint company secretary in Singapore. These reasons are important for companies and individuals who want to incorporate company in Singapore.

For More information visit this link:

http://precursor.com.sg/5-reasons-company-why-engage-secretary-singapore/