About Asiabizservices Singapore Branch Office Formation Services

By Author: Lindsay Foxtrot
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A branch office is the most appropriate vehicle for a foreign company that is keen on exploring the market before committing itself extensively in Singapore. A branch office, upon registration with the Singapore company registrar, is allowed to conduct business, the scope of which should be the same as that of the foreign company. Unlike a representative office the branch office is allowed to engage in revenue generating operations and enter into contracts.

Normally, a branch office can provide the best possible way in promoting a company's brand. And even though in Singapore, the authorities do not consider it as an authorized unit apart from its mother company, it can be eligible for certain tax benefits.

The branch office paves way for the parent company to exercise greater direct control on the operations of the branch office as the local management, if any, will lack autonomous powers. The parent company can directly appoint agents and wield greater powers in determining the partners, terms of agreement etc., and prevent any dilution and diversion of business objectives and principles.

A Singapore ...
... Branch Office is considered a non-resident company for tax purposes. Non-resident companies are not eligible for tax incentives for new start up or resident companies; and therefore most foreign companies prefer to set up a Subsidiary Company rather than a Branch Office.

To form a Singapore branch office, a company must have directors and agents, and their personal information must be added in mother company's Memorandum and Articles of Association. Along with these documents, the company must provide a certified true copy of Certificate of Incorporation, a certified copy of its agreement/contract, and lastly, a memorandum implemented by the foreign company stating the supremacies of the local directors.

Additional documents such as statutory declaration by the representatives of the branch, memorandum of appointment or power of attorney (stating the names and addresses of the representatives assigned to do administrative tasks and to be given official notices issued upon the branch) are also needed.

Asiabiz offers Singapore branch office formation services particularly in behalf of foreign companies and investors as the latter has yet to earn eligibility by obtaining the necessary Employment pass. As a business solution provider, Asiabiz also handles applications of labor passes.

Some of branch office's standard requirements are auditing and filing of annual returns including its mother company's audited financial statements. Asiabizservices supports branch offices in fulfilling these requirements as well.

Resource Box:

Asiabizservices is the leading Singapore Company Incorporation Services Specialists. It has successfully helped thousands of foreign entrepreneurs incorporate a Singapore company. AsiaBiz offers a quick, seamless and innovative package that begins with the registration of the business name followed by the company incorporation of your Singapore branch office. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, Singapore company registration and more. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.