CALL +65 6221 4733  Outside of SG? Call our Toll-Free num

Solutions

Who Are You? Find a solution that is specific to you

A Foreign Company Relocating to Singapore

If you are a business leader, seeking to take advantage of the opportunities in Asian emerging markets, consider Paul Hype Page & Co. We have an operational office in Malaysia, and have helped our clients to expand their business in Australia, China, Hong Kong, Myanmar, Singapore, and Vietnam.

Our services extend beyond the competitors. Whether you are looking to open a subsidiary, branch, or headquarters, we are prepared to advise you. When you employ our firm, you also employ a Certified Public Accountant and Tax Attorney with big four experience.

 

 

At Paul Hype Page & Co, we are Singapore professional firms that focus on Asia and Oceania regions. Lot of overseas companies uses Singapore as their regional office to expand to Asia.

We can assist in your business expansion or investment in these areas by providing a one-stop service for all the consulting and professional services from planning to execution and yearly compliance issues.

Our Services range from International tax planning, Incorporation, Accounting, Legal, Human Resource and running your daily operation .

Depending on your needs, we have  the following Paul Hype Page Solution for your reference :

  • Relocate and Incorporation Singapore Regional HQ for Asia Expansion
The Paul Hype Page Solution

How and Why Singapore Registered Company Can Help Your Business Grow International1

Relocate and Incorporation Singapore Regional HQ for Asia Expansion

We can assist you in expanding your Business operation to  Asia using Singapore as your Asia Regional HQ seamlessly.

Summary steps for Singapore Incorporation with Employment Pass

Time req. ~21 Days

Summary Steps:

  1. Complete the incorporation information form (Day 1)
  2. Provide the foreign director and shareholder’s documents such as Passport and bill showing residential address (Day 1)
  3. Update Ministry of Manpower database on newly incorporated company (Day 2)
  4. Complete and Review the Employment Pass Application form with client (Day 3 to Day 7)
  5. Submit the Employment Pass Application to the MOM (Day 8)
  6. Notify the result of Employment Pass application (Day 15)
  7. Upon approval, appear for EP card collection ( Day 18 with a $250 card issuance fee)
  8. Transfer the nominee director and shareholder to the EP holder (Day 19 with $420 transfer fee)
  9. If Unsuccessful, prepare and gather information with client for the appeal and Submit to MOM (Day21)

Click here more information about Singapore Incorporation with Employment Pass.

Incorporation of Asia & Australia Companies

We can provide initial incorporation to daily operational and yearly compliance engagement for the following countries

 

  • Incorporation of Malaysia
  • Incorporation of Singapore
  • Incorporation of Hong Kong
  • Incorporation of Myanmar
  • Incorporation of China
  • Incorporation of Australia

Contact us for more detail with regard to offshore incorporation.

Comparison of Company, Subsidiary or Representative office

Below is some information to share with you the differences between a branch or subsidiary or represent office.

  • Incorporate a Branch in Singapore

A branch of the foreign company that operates in Singapore is legally part of the foreign company and is not its own entity. This is an important point since it means that the foreign company’s head office bears the ultimate responsibility for any liabilities arising due to the acts of commission or omission of the Singapore branch office. Normally, Singapore branch office is non tax resident in Singapore and therefore, there is no tax exemption or advantage compared to Singapore company. However, Singapore branch of a foreign company is considered resident in Singapore if the control and management of its business are exercised in Singapore. Such companies will not need to pay taxes twice on foreign-sourced income under the Double Taxation Agreements (DTAs).

Prior to establishing a place of business or commencing business in Singapore, a foreign company must register itself as a branch with the ACRA. A foreign company is defined in the Companies Act as:

  • A company, corporation, society, association or other body incorporated outside Singapore, or
  • An incorporated society, association or other body which, under the law of its place of origin, may sue or be sued, or hold property in the name of the secretary or other officer of the body or association duly appointed for that purpose, and which does not have its head office or principal place of business in Singapore.

A branch must have at least 2 authorised agents who ordinarily are resident in Singapore. A list of the directors of the head office has to be notified to the ACRA. A branch must have a registered office in Singapore.

Advantage of a Branch: It is administratively easier to maintain than a company. In addition, closing a branch is easier than liquidating a company.

Disadvantage of a Branch: The liabilities of a branch extend to its head office. A branch having a registered office in Singapore means that its head office (foreign corporation) can be served with legal process in Singapore. Another disadvantage is that the accounts of the head office must be lodged with the ACRA and they are available for public inspection.

  • Incorporate a Subsidiary in Singapore

A Singapore Subsidiary Company is a Private Limited Company incorporated in Singapore whose major shareholder is a foreign company.

A Singapore Subsidiary Company can have the full ownership of the foreign company and is considered as a separate legal entity. The subsidiary company doesn’t have any liability to the foreign company as its liability is limited to the share capital it has subscribed.

Advantage of a Subsidiary:

The subsidiary company gets the benefit of several tax exemptions as it is considered as the local company. Further, it will not implicate the head office with legal or financial problem as it is considered as a legal entity.

Disadvantage of a Subsidiary:

As a subsidiary, it means that there is a corporate shareholder and accordingly to Singapore Company Act, it is required to be audit yearly and will increase the compliance cost.

Incorporate a Representative Office in Singapore

A representative office in Singapore has no legal status, but is merely an administrative arrangement. Generally, the purpose of the representative office is to perform liaison services and establish business contacts, often as a precursor to the commencement of full-scale business activities in Singapore.

Advantage of a Representative Office:

It will cost relatively lesser when setting up a representative office compare to other type of entity in Singapore.

Disdvantage of a Subsidiary:

As a represantative office, it means that there is a legal status hence it cannot perform any sales activity and go to any contract signing. From a commercial point of view, business parties will deem less willing to work with RO as it is not a legal entity in Singapore.

Comparison Chart for Subsidiary Company Vs Branch Office Vs Representative Office

Types Subsidiary Company Representative Office Branch Office
Entity Name Need not be the same as parent company Must be the same as parent company Must be the same as the parent company
Allowed Activities Can conduct all business activities Can only conduct market research or coordinating activities Must be the same as the parent company
Suitable For For local or Foreign Companies that wish to expand their operations in Singapore For Foreign Companies that wish to set up temporary vehicle in Singapore to conduct research and act as liaison office For Foreign Companies that wish to expand their operations in Singapore
Disadvantages Continuing Compliance Obligations eg Financial Reports, Audit, AGMS, etc It is a temporary vehicle and cannot generate revenue Continuing Compliance Obligations eg Financial Reports, Audit etc
Ownership Can be 100% foreign or locally owned No Ownership Owned 100% by the head office
Separate Legal Entity Yes No No
Cap on Number of Members Yes, max 50 Not Applicable Not Applicable
Minimum Setting up Requirement Min One shareholder that can be an Individual or corporate (100% local or foreign shareholding allowed. Must have at least one resident director Must appoint a Chief Representative who will relocate from headquarters Must have two Singapore Resident Agents
Limited Liability Yes No No
Need for Audited Accounts Yes No Yes
Filing of Accounts with ACRA and IRAS Yes No Yes
Annual Filing Must file audit report of subsidiary Not Applicable Must file branch office’s as well as parent company’s audit reports
Tax Treatment Taxed as Singapore resident entity, local tax benefits available Not Applicable Taxed as non-resident entity, local tax benefits not available
Tax Benefits A subsidiary company, with at least one individual shareholder with minimum of 10 percent shareholding, is entitled to local tax incentives and rebates No Corporate tax. Employees have to pay personal tax Partial tax exemption
Cessation of Business upon Death of a Member/Partner No. Equity shares go on in perpetuity Not Applicable No
Validity Period Perpetually until deregistered This is a temporary Setup. It is intended not to last more than 3 years Perpetually until deregistered
Normal Registration Time 3 hours 3-5 days 3 hours
Appointment of Officers Must appoint at least one local resident director Must appoint a Chief Representative who will relocate from headquarters Must appoint two resident agents
Governing Body ACRA & IRAS International Enterprise Singapore ACRA & IRAS

Personal Tax for staff relocated to Singapore

Personal income tax is imposed only on the income sourced within Singapore. The income earned outside Singapore is exempt from taxation.The quantity of income tax liability of an individual depends on individual’s tax residency in Singapore. There is a difference in amount between residents and non-residents.

Personal Tax Rates

Click here more information about  Personal income tax in Singapore.

 

 

Solution & Service Fees

When entering a new market, the opportunity for generating wealth is weighted by the risk of loss. Faced with uncertainty, on the ground knowledge and market experience is essential to make informed decisions.

Paul Hype Page & Co. provides added value beyond our competitors. We employ Certified Public Accountants and Tax Attorneys to assist you in the next stage of your growing business.

At Paul Hype Page, you don’t pay us by the hour. You gain from the value in that hour.

Fill up online Incorporation Form now

 

Package for Foreign Entrepreneurs Relocating to Singapore
Company Incorporation with Employment Pass
Company Registration S$1,688
Acra Registration Fee S$315
Appointment of Company Secretary (for 1 year) S$600
Application for Employment Pass (EP) S$800
Nominee Director (for 2 months) $400
Registered Office Address (for 1 year) S$240
Total
S$4,043

 

Call +65 6221 4711

Or fill in the form below and we’ll get in touch soonest!

Package: Company Incorporation with Employment Pass
  • This field is for validation purposes and should be left unchanged.
Customer
Testimonials
H9 Capital Pte Ltd
— Harry Naing

Working with Paul Hype Page & Co. has been very straightforward and simple. They guided us through every step of the incorporation process, ensuring we could progress quickly and …