|
There is a type of difference between incorporating Singapore companies and incorporating foreign companies in Singapore. Singapore company incorporation is easy for foreigners. There are some options available for foreign companies that should not open up a full-fledged Singapore company. Instead they could successfully extend the operations of their very own company into Singapore by forming a branch office or a representative office in Singapore. It is interesting to note that for Singapore company setup, a representative of the foreign company is not required to journey to Singapore. Providers like Servolve, makes it an easy process. The documentation required would be informed in advance. Once the same is received, incorporation process will likely be commenced without further setbacks. The same can be completed within a period of seven to ten working days on average. So what are the options available. Singapore Branch Office A branch office is an extension of the foreign entity. It doesn't have a separate legal entity status in Singapore and any claims against the branch office in Singapore can be directed against the foreign parent. The branch must have activities similar to parent entity and cannot indulge in independent activities. The branch is mainly allowed to indulge in activities associated with market research, sales support etc and cannot indulge in activities that are of revenue generating nature. All the revenue generation for such offices need to be from the parent company in country of domicile. It can be done for a branch office to transfer employees to Singapore through the option of a Singapore Employment Pass. The branch usually stays providing the parent company is working until it is wound up or struck off. There are no renewals necessary for a branch office every year. Singapore Representative Office A representative office is another form of organisation that foreign entities can adopt in Singapore also. A representative office is not viewed as a separate entity and is only meant to act as a market research office in Singapore. Note that if the company wants to pursue full-fledged marketing and sales activities in Singapore they'll have to get registered as a branch office rather than as a representative office. A representative office needs to be renewed every year and it has an established life time of only three years after which it has to be converted to a branch office or a Pte.Ltd. mandatorily. For an in depth knowledge of the best way to incorporate a branch or representative office in Singapore, please contact Servolve at info@servolve.com. Servolve is a Singapore based professional services provider. Our service offering include Singapore company incorporation, corporate secretarial and support services, accounting, taxation and Singapore Visa. To find out more, please refer http://www.servolve.com.
Related Articles -
Singapore Migration, Singapore Visa, Singapore company, Singapore,
| 
