We shared in our prior article, that with the passing of the
Singapore Companies (Amendment) Act 2017 (the "Act"),
foreign corporate entities are now permitted to transfer (or
"re-domicile") their jurisdiction of registration into
Singapore, effectively enabling them to move their global
operations/ headquarters into Singapore with relative ease, thus
negating the potential loss of corporate history, branding and
identity.
The provisions of the Act are, however, not absolute in the
sense that any entity of any size or description may migrate into
Singapore. There are, in this regard, certain criteria, which will
need to be met by the foreign migrating entity prior to any
application for re-domiciliation being approved. These include the
following:
