Key Facts about Singapore Subsidiary

Shareholding. The holding company can own 100% of the shareholding of the Singapore subsidiary.
Local Director. A Singapore subsidiary must appoint at least one director who is ordinarily resident in Singapore i.e. a Singaporean Citizen, a Singaporean Permanent Resident, or an Employment Pass holder. Directors must be at least 18 years of age and must not be an undischarged bankrupt or convicted for any malpractices. Foreign companies that plan to relocate their staff from head office to Singapore can apply for their employment pass after the subsidiary has been incorporated.
Paid-up Capital. The minimum paid-up capital for a Singapore subsidiary company is S$1. The holding company can be the 100% shareholder. There is no concept of authorised capital in Singapore.
Local Registered Address. A Singapore subsidiary company must have a registered office in Singapore. The registered address can be a commercial office (if you plan to rent one) or a home office. The registered office is the place where you need to keep the statutory records of the subsidiary company.
Company Secretary. Upon incorporation, the directors must appoint a natural person who is ordinarily resident in Singapore as company secretary.
Auditor. An auditor must also be appointed within three months from the incorporation date of the Singapore subsidiary company, unless the company is qualified to be exempted from audit.