Criteria for inward re-domiciliation into Singapore

In order for a foreign corporate company to re-domicile into Singapore, the foreign corporate company must meet the following criteria. 

Solvency criteria
The foreign corporate company must be solvent (i.e. the total assets is not less than liabilities, including contingent liabilities) and is able to pay all its liabilities/ debts as they fall due. The directors of the foreign corporate company must sign a solvency statement to declare the solvency of the company.

Minimum size criteria
The foreign corporate company must meet two out of the three criteria below:
i. the value of the foreign corporate company’s total assets exceeds S$10 million;
ii. the annual revenue of the foreign corporate company exceeds S$10 million;
iii. the foreign corporate company has more than 50 employees;

Timeline
Generally, an inward re-domiciliation exercise takes between 4 – 6 months, depending on the complexity and the time taken to prepare the documents for the application.

How we can help

Our team have ample of experience and proven track record in assisting many of our clients with re-domiciling their companies into Singapore.

Generally, our service covers the following scope:

i) Determine if the foreign company meets the re-domiciliation criteria.

ii) Restructuring analysis including the pre and post re-domiciliation tax implications.

iii) Lastly apply for the inward re-domiciliation application with ACRA.

We will guide you through every step of the way. Just reach out to us to find out more!