This package suits for businesses which are already established in Vietnam and desire to expand in Singapore as well as Asia.There are 3 options that the companies can consider: setting up subsidiary companies, company’s branches, or representative offices.
A practical thought
One of the question people sometimes ask us is – what if all this venture does not go as per my expectations ? What if I register company and operate it for 2-3 years but somehow it's not going anywhere - Can I exit out of it easily ?
Sure. In an unfortunate case, if the things don't work out as expected you can always liquidate or strike of the company (meaning effectively close the company) and take back whatever funds are there in the company accounts back to your home country. The cost of striking off of the company is usually between 600-1000 SGD.
This package is suitable for foreign companies that want to register a Singapore subsidiary but don't plan to relocate any their key executives to Singapore at present. Therefore this package includes the services of our nominee director to satisfy the statutory requirement of a local resident director.
This package includes the following services |
1. Singapore subsidiary incorporation:
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2. Company Secretary for 1 year
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3. Nominee Local Director for 1 year The following points should be noted:
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4. Company Registered Address (RA) for 1 year |
The process and the steps for this package are as follows:
Step 1: Submit Your Request
Let us know that you wish to proceed forward with this package by sending an email to Info@globallinks.asia. Upon receipt of your request, we will follow-up with you to clarify any questions you might have and to advise you of the next steps.
Step 2: Provide Subsidiary Registration Details
We will send you a Document required form for providing us with the necessary subsidiary incorporation details (proposed company name, shareholder details, directors details, etc.). You will need to complete this form and send it to us so we can prepare the incorporation documents accordingly.
Step3: Submit completed documents for our Nominee Director service (if necessary)
In case, you use our Nominee Director service, you have to submit completed documents for us. If you already have your local director, you don’t need to consider this step.
Step 4: Make Payment
Upon receipt of the completed form, we will send you an invoice for our services. In order for us to commence our services, you will need to make payment as per the invoice sent to you. We accept bank transfers, local cheques, cash, or credit card.
Step 5: Prepare Subsidiary Registration Documents
Upon receipt of the payment, we will prepare the necessary incorporation documents and email them to you for signing. If you are in Singapore, you can visit our office and sign the documents.
Step 6: Incorporate Subsidiary Company
Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the subsidiary company with the Registry of Companies i.e. Accounting and Corporate Regulatory Authority of Singapore (ACRA).
Step 7: Open a corporate bank account in Singapore
Once the subsidiary company has been registered with ACRA, we will assist you with the opening of a corporate bank account for the newly incorporated subsidiary.
* The whole process can take from 3 days to 7 days.
Documents Required For Company Incorporation
For each corporate shareholder:
For each Singapore resident individual shareholder and director:
For each non-resident individual shareholder and director:
For compliance with our nominee director service:
Please note the following:
The features of a subsidiary
Requirements of Subsidiary Company
Time for incorporating a subsidiary
The actual incorporation of a subsidiary company in Singapore can be completed in a few hours as the whole process is computerized. However, the overall process can take anywhere from one day to few days depending on the following factor:
This package is suitable for foreign companies who wish to register a subsidiary company in Singapore and relocate one of their key executives to Singapore on an Employment Pass to operate their new business. Under this package, we will first incorporate your subsidiary and then apply for Employment Pass for the key executive.
This package includes the following services |
1. Singapore subsidiary incorporation
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2. Employment Pass (EP) application filing for 1 applicant |
3. Temporary Local Nominee Director for 2 months The following points should be noted:
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4. Company Secretary for 1 year
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5. Other optional services used with this package Company Registered Address (RA) for 1 year Dependant Pass for the spouse Dependent Pass for the child (per child) |
Step 1: Submit Your Request
Let us know that you wish to proceed forward with this package by sending an email to Tony.Ho@globallinks.asia. Upon receipt of your request, we will follow-up with you to clarify any questions you might have and to advise you of the next steps.
Step 2: Provide Subsidiary Registration Details
We will send you a Documents required form for providing us with the necessary subsidiary registration details. You will need to complete this form and send it to us so we can prepare the necessary incorporation documents.
Step 3: Make Payment
Upon receipt of the completed registration details form, we will send you an invoice for our services. In order for us to commence our services, you will need to make payment as per the invoice sent to you. We accept bank transfers, local cheques, cash, or credit card.
Step 4: Prepare Subsidiary Incorporation Documents
Upon receipt of the payment, we will prepare the necessary incorporation documents and email them to you for signing. If you are in Singapore, you can visit our office and sign the documents.
Step 5: Register Subsidiary Company
Upon receipt of the signed incorporation documents and supporting documents from you, we will proceed to incorporate the company with the Registry of Companies i.e. Accounting and Corporate Regulatory Authority of Singapore (ACRA).
Step 6: Open Bank Account and Inject Capital
Once the company has been registered with ACRA, we will assist you with the opening of a corporate bank account for the newly incorporated subsidiary. You will then need to inject the proposed paid-up capital and notify us.
Step 7: Prepare and File Employment Pass Application
In parallel with steps 5 & 6, we will work with you to prepare the Employment Pass application and supporting documents. Once ready, we will then file the Employment Pass application along with supporting documents and wait for the outcome.
Step 8: File an Appeal If Necessary
In case your EP application is rejected initially, we will explore the reasons with authorities and then prepare and file an appeal (at no extra cost) accordingly.
Step 9: Arrange for Employment Pass Collection
Upon receipt of the Employment Pass approval letter, you will be required to visit Singapore to collect your pass. We will assist you in scheduling an appointment with authorities for the issuance of the Employment pass.
Step 10: You Are Ready To Go
After you have collected your Employment Pass, you are ready to relocate to Singapore and start work for the subsidiary company.
* If the process goes smoothly, it can be completed within 2-3 weeks
Documents Required For Employment Pass Application Filing
Documents Required For Dependant Pass (DP) For Spouse
Documents Required For Dependant Pass For Child
Please note the following:
The feature of a subsidiary
Requirements of Subsidiary Company
Eligibility criteria for Singapore Employment Pass
The Singapore Employment Pass is issued by the Ministry of Manpower and they are the approving authority for all applications. Among other considerations, the key eligibility criteria are as follows (update Version March 2021):
Time for incorporating a subsidiary
The actual incorporation of a subsidiary company in Singapore can be completed in a few hours as the whole process is computerized. However, the overall process can take anywhere from one day to few days depending on the following factor:
Time for processing EP
When the Employment Pass application is filed online, it takes anywhere between 1 to 10 working days to receive the outcome notification from authorities. It may take longer during peak periods or when additional information is required from the various economic agencies.
When the Employment Pass application is filed manually, it takes anywhere between 3 to 6 weeks to receive the outcome notification from authorities. It may take longer during peak periods or when additional information is required from the various economic agencies.
This package is suitable for foreign companies that wish to register a representative office in Singapore and relocate one of their key executives to Singapore on an Employment Pass. Under this package, we will first register your representative office and then apply for the Employment Pass.
This package is suitable for foreign companies that wish to register a branch office in Singapore but don't plan to relocate any of their key executives to Singapore at present. Therefore this package includes the services of two nominee local agents to satisfy the statutory requirement of two local agents.
This package is suitable for foreign companies that wish to register a branch office in Singapore and relocate one of their key executives to Singapore to run branch office operations. As part of this package, we will register branch office, apply for Employment Pass for the key executive (who will act as one of the local agents) and provide nominee local agent service to satisfy the second local agent requirement.
Feel free to contact us via:
Viet Nam office: Nguyen Van Troi Street, Phu Nhuan District, Ho Chi Minh City, Vietnam.
Singapore office: 350 Orchard Road #11-08, Shaw House, Singapore 238868
Hotline: (+84) 938531588 / (+65) 8355 1210
Email: info@globallinks.asia