Since 11 October 2017, foreign companies meeting certain criteria are allowed to transfer their registration to Singapore under section 358 of the Companies Act (Cap 50) (“Act”).
The inward re-domiciliation regime essentially allows foreign entities to relocate their regional and worldwide headquarters to Singapore. A foreign corporate entity that re-domiciles to Singapore will become a Singapore company limited by shares registered with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) and be required to comply with the Act like any other Singapore incorporated company.
