Corporate Immigration and Emigration

For the purposes of Singapore company law, a domestic company is a company or similar entity incorporated in Singapore. A foreign company is a company or similar entity incorporated outside Singapore. Foreign companies establishing a place of business in Singapore or commencing to carry on business in Singapore must register with the Registrar and file (annually with the Registrar) the company’s balance sheet together with a statement of assets used in and liabilities arising out of its operations in Singapore. It must also file with the Registrar an audited profit and loss account of its Singapore operations.

Singapore’s company law does not contain any specific provisions to facilitate transnational mergers, demergers or other transnational reorganizations.

Singapore’s company law does not restrict a Singapore company from transferring its business and assets to a foreign company or itself acquiring the business and assets of a foreign company, so long as the company obtains appropriate authorization, in accordance with its memorandum and articles of association, and complies with other relevant company law provisions.