What are the steps to take when relocating my company to Singapore?
Step 1: Register your selected business structure. The most popular being to register a new company. To do so, foreigners will need:
- an appointed agent
- a local director
- a company secretary
- a registered address
Step 2: Apply for work visas for directors, employees or family members. This will be employment passes, dependent passes or others.
Step 3: Transfer business assets and liabilities. This includes contracts, intellectual property, plant and machinery etc.
Step 4: De-register your foreign company
Step 5: Take note of the next compliance requirement your new Singapore company has to adhere to.