set up a holding company in singapore
TRANSCRIPT
Set Up a Holding Company in Singapore A presentation brought to you byOpenCompanySingapore.com
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Why Open a Holding Company in Singapore?
• Singapore offers tax incentives to foreign companies operating in the city-state.
• For those setting up holding companies in Singapore the process will take about three days.
2
Characteristics of Singapore Holding Companies
• Holding companies are usually registered as private limited companies in Singapore.
• The registration procedure for a holding company must be done through the services provided by a professional firm.
3
How to Open a Singapore Holding Company >>
• In order to register a holding company in Singapore at least one shareholder is required.
• The Singapore holding company must have at least one resident director.
• The holding company must appoint a resident secretary within six months of the registration.
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>> How to Open a Singapore Holding Company
• The Singapore holding company is required to deposit a minimum share capital.
• It must also have a registered office approved by the Urban Redevelopment Authority.
5
Documents to Open a Singapore Holding Company
• The following documents must be submitted with ACRA (Accounting and Corporate Regulatory Authority):
the Memorandum and Articles of Association;
the shareholders, directors and secretary’s details;
the registered office;
the share capital details.
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Starting to Operate a Singapore Holding Company
• A holding company may begin its business operations in Singapore once:
it has obtained the registration number;
it has opened the corporate bank account;
it has obtained the Unique Entity Number (UEN).
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Advantages of Singapore Holding Companies
• Singapore has concluded many double tax treaties which allow a subsidiary to transfer dividends at very low withholding tax rates.
• Foreign businessmen opening holding companies in Singapore will also be interested in knowing that capital gains are exempt from taxation.
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Business Consultancy Services in Singapore
• The local representatives of our company specialize in company formation and tax consultancy.
• For assistance with the company registration process and investment opportunities in Singapore you can refer to our specialists.
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Thank you for your attention!
• For more information, please contact us at:+ 852 8191 3385
www.opencompanysingapore.com10