establish a branch office in singapore
TRANSCRIPT
Establish a Branch Office in
Singapore
A presentation brought to you
by Lawyers-Singapore.com
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What Is a Branch in
Singapore?
• Foreign companies interested in
expanding their business in
Singapore can register branch
offices.
• Compared to the Singapore
subsidiary, the branch office is
an extension of a foreign company
and it is not considered a legal
entity.
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Aspects of a Branch Office
in Singapore
• The advantage of being part of the
parent company is that the foreign
entity is fully liable for the branch
office’s undertakings in Singapore.
• A branch office in Singapore will not
be subject to any tax exemptions
unless they have a registered office or
a management board in the country.
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Requirements to Set Up a
Branch Office in Singapore >>
• As mentioned above, the branch
office is mainly an extension of a foreign
company in Singapore.
• This is the reason why the branch office
must carry the same name as the parent
company.
• According to the Company Law in
Singapore a branch office requires two
resident agents that must deal with the
registration process and other activities
on behalf of it.
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>> Requirements to Set Up a
Branch Office in Singapore
• Branch offices are also required to have
a registered office in Singapore.
• The branch office may carry any
undertaking on behalf of the parent
company and has the right.
• A branch in Singapore will only be
taxed on the income made in the
country.
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The Registration of a
Branch in Singapore >>
• The first step when opening a branch
office in Singapore is to submit the
company’s name for approval with the
Trade Register.
• The name will be approved unless it is
identical with another’s company name.
• The second step will be the submission
of the registration file with the Trade
Register.
• The process should not take longer than
2 days.
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>> The Registration of a
Branch in Singapore
• Once the registration procedure is
completed, the Companies Registrar
will send an email notification with the
confirmation of the new Singapore
branch office.
• The notification will usually serve for
opening the bank account, but an
incorporation certificate can be issued
at the company’s request.
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Documents Required for the
Registration of a Branch in
Singapore >>
• The following documents must be
submitted for the registration of a
branch office in Singapore:
notarized copies of the Certificate of
Incorporation of the foreign company;
notarized copies after the Articles of
Association of the parent company;
details about the parent company’s
directors.
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>> Documents Required for
the Registration of a
Branch in Singapore
• The following documents must be
submitted for the registration of a
branch office in Singapore:
a resolution appointing the two agents
acting on behalf of the branch office in
Singapore;
documents proving the registered
address of the branch office;
a statement issued by the foreign
company regarding the powers of the two
local agents.
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Company Formation in Singapore
• Expanding your business in
Singapore is a complex matter that
usually requires the advice of a company
formation specialist.
• Please contact our company
formation specialists in Singapore for
more information about the process of
creating a branch office in this country.
Thank you for your
attention!
Please contact us for more information at:
+ 852 8191 3385
http://www.opencompanysingapore.com/
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