There is a type of distinction between incorporating Singapore companies and incorporating foreign companies in Singapore. Singapore company incorporation is easy for foreigners. There are several options available for foreign companies that do not want to open a full-fledged Singapore company. Instead they will successfully prolong 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.
Service providers like Servolve, makes it an easy process. The documentation required would be informed in advance. In the event the same is received, incorporation process will be began without further delays. 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 does not have a separate legal entity status in Singapore and any claims against the branch office in Singapore can be directed up against the foreign parent. The branch needs activities very much like 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 can't 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 may be possible for a branch office to relocate employees to Singapore through the option of a Singapore Employment Pass.
The branch can remain so long as the parent company is operating until it is wound up or struck off. There won't be renewals important for a branch office year on 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 considered 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're going to have for getting registered as a branch office instead of 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.
Author Resource:-
For a comprehensive perception 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 setup, corporate secretarial and support services, accounting, taxation and Singapore Visa. To find out more, please refer http://www.servolve.com.
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