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About:
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A subsidiary or subsidiary company is owned and controlled by another company called the holding or parent company. Subsidiaries are very common in the business environment and most multinational corporations operate through these structures. Compared to creating divisions of one company, registering subsidiary companies as separate legal entities has a number of advantages. For example, a subsidiary company is required to comply with the tax, liability and other rules of its own country, not the country of the holding company. For example, a subsidiary may sue and be sued separately from the holding company, and its liabilities will not normally be transferred to the parent company. https://www.confiduss.com/en/info/blog/article/singapore-subsidiary-incorporation/
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