The Whys and Hows of Subsidiary Company Setup In Singapore 2022

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The Whys and Hows of Subsidiary Company Setup In
Singapore 2022
Bestar Services Pte. Ltd
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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

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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

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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

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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

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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.

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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.

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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.

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