Client BackgroundA Johor family components business whose founder’s daughter, 31, has run the Malaysian operation for six years.
Client PlanTo hold the Singapore company in her own name and be resident here to run it.
ProblemSuccession inside a family business is documented differently from a first-time setup.
How We HelpedWe restructured the shareholding, confirmed her directorship at ACRA, and set her salary above the band rather than the level the family had been paying informally.
Client BackgroundA Johor family components business. The founder’s daughter, 31, has run the Malaysian operation for six years and is taking over the Singapore side.
Client PlanTo hold the Singapore company in her own name and be resident here to run it.
ProblemSuccession inside a family business is documented differently from a first-time setup.
How We HelpedSuccession inside a family business is not the same application as a first-time setup. The company has trading history, which helps; her shareholding and directorship had to be documented properly, which is where these cases usually fail. We restructured the shareholding, confirmed her directorship at ACRA, and set her director’s salary above the S$7,223 band for her age rather than the level the family had been paying informally.
OutcomeEmployment Pass approved. The entity’s ownership and control now match what the application says — which is what a renewal will be tested against in two years.
How can Xinran help you?
Xinran is an established facilitator focused on market entry and international expansion. With our global reach, we offer a full suite of corporate services to help companies successfully enter newer markets.
We pride ourselves on our client-oriented approach. Our comprehensive services and deep understanding of local and global markets make us an invaluable partner for your expansion into Asia. We have vast experience providing services for successful entrepreneurs who want to incorporate their businesses in Singapore, Hong Kong or mainland China.