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Characteristics of Holding Companies in Singapore

Updated on Monday 30th May 2016

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Characteristics-of-Holding-Companies-in-SingaporeWhy establish a holding company in Singapore?

Singapore is aiming to become one of the biggest financial centers in Asia-Pacific by providing tax incentives to foreign companies establishing in the city-state. Not only do foreign investors benefit from tax incentives, but for those setting up holding companies in Singapore the process will take about three days only and minimum requirements.

What are the features of Singapore holding companies?

Holding companies are usually registered as subsidiaries and mainly known as private limited companies in Singapore. This type of structure is employed by small and medium-size foreign enterprises. Foreign investors are strongly advised to request the services of experts in company incorporation in Singapore and ask about the taxation system and incentives they can benefit from. Foreign businessmen must know that the registration procedure of a holding company must be done through the services provided by a professional firm.

What are the requirements to register a holding company in Singapore?

In order to register a holding company in Singapore at least one shareholder is required. The Singapore holding company is also required to have at least one resident director and as many foreign directors as it wants, but usually two directors are appointed. The shareholder is also allowed to act as a director of the holding company in Singapore. Another requirement for the holding company’s staff is to appoint a resident secretary within six months of the registration. The Singapore holding company is required to deposit a minimum share capital of S$1 and must also have a registered office approved by the Urban Redevelopment Authority.

You can watch the video below and see how to open a holding company in Singapore:

Tax benefits for holding companies in Singapore

When incorporating a holding company, shareholders will usually take into account the taxes they are required to pay. From this point of view, Singapore has concluded many double tax treaties which allow a subsidiary to transfer dividends at very low withholding tax rates. Also, the corporate tax rates vary depending on the profits a holding company makes. Foreign businessmen opening holding companies in Singapore will also be interested in knowing that capital gains are not subject to taxation.

For detailed information about the registration process and investment opportunities in Singapore you can contact our specialists in company formation.

 

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