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All you want to know about Singapore .pdf



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All you want to know about Singapore
branch office registration

When incorporating company in Singapore as a
foreign individual/entity, one of the company
registration options in Singapore that is used by
businesses is Singapore branch office registration.
This is one of the 3 company incorporation options
that are available to foreigners, while other two
options are Singapore subsidiary and representative
office.

What is Singapore branch office
In Singapore, any activity with the
purpose of profit making, if running
on continuing basis needs to be
registered with the Accounting and
Corporate
Regulatory
Authority
(ACRA). This also applies to foreign
companies that are looking to open
their branch office in Singapore.

Requirements for registering
Singapore branch office
One of the most critical and crucial
requirements while a foreign company wanting
to register branch office in Singapore is to
have a reputable corporate service firm in
Singapore such as Precursor.
As Precursor can best advise the various
documentation and other requirements that
you would need to know and arrange for
registering a Singapore branch office.

There are several documents that you need to
provide for the
incorporation process to take
place:
1. The name and address of the company’s
registered office where it is incorporated. This has
to be the address of parent company that is willing
to open the Singapore branch office.
2. Certificate of incorporation or any similar
document (certified copy)

3. Any document stating the charter, statute, the
constitution of the company (certified copy). This
document is to be submitted only if it is required by
the law of the place of incorporation of the foreign
company, at the time of incorporation and
registration.
4. A register of the directors specifying the list of all
the directors and the same details as outlined by
Singapore companies act. The residential address of
each of the directors should be mentioned.

Registration process for Singapore
branch office

A capable corporate services firm in Singapore will
be able to assist you on the steps on registering a
Singapore branch. In fact, when it comes to
opening of corporate bank account with some local
banks, foreign directors are not required to
physically visit Singapore in some cases. However,
most local banks require foreign directors to be
present during the opening of corporate bank
account.

Tax and liabilities

A Singapore branch office of a foreign company
is considered non-resident and the complete
liabilities are imposed on the respective parent
company of such a Singapore branch office.
Having considered non-resident, Singapore
branch office is not eligible to most tax benefits,
incentives, government funding and other
advantages that are offered to Singapore private
limited companies.


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