Transfer of shares in Singapore private limited companies is a fairly easy process and your consultant may be charging a fortune for the same. Global Links Asia will be explaining the procedures for the same if you wish to do it yourself.
Companies are required to have a local address registered before they can start their business operations
No. unfortunately this is not allowed.
A Singapore company is treated the same way as any tax resident companies in Singapore.
Does a Singapore company require a local resident director (Nominee Director) ?
What is role and scope of nominee local director service?
No, you are not required to visit Singapore to incorporate your subsidiary company. We can work with you via emails and document couriering in order to get the necessary work done. However for the bank account opening, a visit to Singapore might be a good idea. Almost all banks require an interview with the stakeholders and the process can go a lot smoother if there is a face-to-face meeting between you and the bank officer. For most banks, we are able to arrange the meeting at our own office. If however you are not able to visit Singapore, the bank will conduct a phone interview and the due-diligence process can take longer.
What are the paidup capital requirements for Singapore companies?
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