Singapore Branch Office Registration
Singapore branch office registration is one of the ways to incorporate a company in Singapore. It provides a foreign company with a registered branch office address in this country. A Singapore branch office is an extension of the parent company, whose head office is located out of Singapore. Details for the registration of a branch office in Singapore are discussed below.
A Singapore Branch office is a legal extension of the parent company, the headquarters of which are situated outside Singapore. It is not a separate entity and the parent company is liable to the debts incurred by the branch office. The main purpose of a Singapore branch office registration is to generate revenue for the parent company by conducting business operations in Singapore.
Singapore Branch Office – Pre-Registration Requirements
- Name of the Singapore Branch: The name of the branch office in Singapore must resemble with that of its parent company located outside Singapore, in order to get it approved by ACRA (Accounting and Corporate Regulatory Authority) Singapore.
- Minimum Number of Officers: In order to setup a branch office in Singapore, you need to appoint atleast 2 agents who are natural residents of Singapore (Singapore citizens) or permanent residents of Singapore or any foreigner holding a valid Singapore Employment Pass.
- Company Constitution and Functions: The Memorandum and Articles of Association (M&A) of the parent company outside Singapore governs and directs the company’s constitution, functions and its shareholders. A separate M&A for the branch office is not submitted by its parent company.
- Registered Branch Office Address: You need to have a registered physical address for the branch office in Singapore.
Procedure for Registration of Branch Office in Singapore
- Get the name of the branch office approved by ACRA.
- Submit the required documents for the registration purposes.
- Get the branch office in Singapore registered by ACRA.
- Open a corporate bank account.
Post-Registration of Singapore Branch Office
Upon the successful registration of a Singapore branch office an email notification is sent to you by ACRA, which mentions company’s registration number and also confirms registration of branch office.
TaxationServices.com.sg provides extensive branch office registration services including assistance in name approval, document submission formalities, registered address requirements and so on. Our intention is to make your start a Singapore company in a simple and hassle-free manner.