Asiabizservices Highlights the Advantages of Setting Up a Singapore Branch Office
A company that helps foreign individual, entrepreneur or a business professional who wants to setup a Singapore company as an individual.
by Robert Soble Thursday, November 25, 2010
With a branch office, entrepreneurs can experience how extensive and dynamic the markets are in Singapore. The office can reach out to local distributors and agents to better understand the activities of the market and learn how consumers respond to the company’s niche.
“As an extension, a Singapore branch office can support the profit-yielding system of the foreign parent company,” says Asiabizservices, “the eligibility to exercise authority on how the office should run is given to the foreign company.”
Whatever earnings they accrue in Singapore, they can freely repatriate that. Even the share ownership of the branch can be 100% awarded to the foreign company. And as a consequence of exercising full authority over the branch office, the foreign company reserves the sole discretion of appointing agents, choosing its partners, drafting its terms of agreements, and determining the best actions to prevent dilution and deviation from its business principles and goals.
Although it is not awarded with legal status that could have otherwise granted the office certain tax incentives and benefits, a branch office can still qualify for some other benefits.
Moreover, the branch offices are perpetual and thus do not require renewal of business registration. It can maintain corporate bank accounts and endeavor monetary undertakings independently.
When it comes to requirements, Asiabizservices cites, “the minimum statutory requisites include an approved name,” which must be the same with its foreign parent company and which should be approved by ACRA, “set of officers, 2 of whom are local residents,” maintaining a natural citizenship, permanent residence or a holder of working visa like Employment, Entrepreneur, and Dependent Pass, “and registered local address,” that should not be a Postal Office box.
Asiabizservices continues saying that the setting up of a Singapore branch office is ideally handled directly by a separate company providing corporate solutions.
Most often than not, nonetheless, foreign investors possess neither of these. The best thing that they could do is engage the services of Asiabizservices, which has a proven track record of helping foreign entrepreneurs. Foreign investors may also have the option of relocating some of their trusted staff to Singapore by processing the necessary working visa, which is also among the specializations of Asiabizservices.
About the Publisher:
For many years, Asiabizservices has served the community by taking charge of Singapore company registration, incorporation of a company in Singapore, processing the necessary working visas of entrepreneurs or employees, and providing services such as accounting, secretarial and statutory compliance with certain requirements.
AsiaBiz is a company that provides Singapore Company Registration services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, Singapore accounting services, Singapore Company Incorporation and book keeping requirements, and other compliance matters stated under the Singapore law.
For more information:
address: 120 Telok Ayer Street Singapore 068589
Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.
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