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Branch Office Registration

Branch-Office-Registration

The foreign enterprises who wish to expand their business operations in Asia opt to setup branch office in Singapore. Basically, it is an extension of the parent company situated on a foreign soil. Our branch office registration services encompass the following basic requirements.

A foreign company can enter in Singapore market by registering a Singapore branch office. It is considered as the legal extension of the parent company operating from its native place. By Companies act of Singapore, both the companies are one and the same. That is why a Singapore branch office does not have its own legal existence. The liabilities accumulated during its business activities are the liabilities of the parent company.

Any foreign company can register a branch office in Singapore following the instructions of Accounting and Corporate Regulatory Authority (ACRA). This Singapore agency controls the company incorporations in Singapore.

Key Requirements for a Branch Office to be Registered

Branch Name: The name of the branch office being setup in Singapore must be corresponding to that of its parent company situated outside Singapore. The proposed name must be approved by the ACRA and only after that; a branch office can come into existence.

Officers at the Branch Office: The branch office in Singapore must employ at least 2 Singapore citizens or residents of Singapore as the agents. Failing that the branch must hire persons possessing Employment passes, in order to act as agents.

Company Structure and Business Activities: The structure of the Singapore branch office, its business activities and the shareholding are directed and governed by the Memorandum and Articles of Association (M&A) of the parent company.

Registered Address: A branch office in Singapore must have a permanent address which is registered with the authorities, in order to be compliant with the law.

Basic Steps for Registration of Branch Office

  1. Branch name approval
  2. Registration of branch office in Singapore
  3. Opening of a corporate bank account

Documents Required for Registration of Branch Office in Singapore

  1. Memorandum and Articles of Association (M&A) of the parent company.
  2. Memorandum by the foreign company with regards to the delegation of powers to the local agents employed at the branch office.
  3. Details of the directors of the parent company.
  4. Certificate of incorporation of the parent company.
  5. Registered office address in Singapore.
Please feel free to contact us on +65 6536 0036 or drop in an email at info@accountingservice.com.sg

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