Asiabizservices Highlights Singapore Branch Office Setup Advantages
A Singapore branch office is commonly driven by goals of enhancing the efficiency and profitability of a business.
by Ashley Varghese Monday, December 27, 2010
“A Singapore branch office is commonly driven by goals of enhancing the efficiency and profitability of a business,” says Chi Han, adding that the branch offices are effective in introducing the parent company’s niche to consumers in distant places.
“However, a branch office in itself is not autonomous,” Han continues saying, “While it may initiate the activities of its parent company, a branch office does not possess the authority to formulate its own policy or to change any that has been implemented by the parent company. Nor can it act independent from its parent company.”
The parent company or the headquarters maintains full control on deciding which activities a branch office should undertake. Their operations are dependent upon the nature of the parent company. A branch office of a certain bank, for example, is open to meet the banking and financial needs of consumers in that particular area. The branches are ideally equipped with similar facilities and security system used in a parent company, like having vaults and safety deposit boxes. Hence, clients who do business with a bank branch enjoy all the services they could expect from a parent company.
Not all branch offices are set up for that purpose. Manufacturers of computers and notebooks may open branch offices to act as the authorized service centers and handle repair requests from consumers.
“A few branch offices are dedicated for manufacturing facilities, sales office, customer services, and other type of branches that could provide the load of revenue stream for fast food chains and other restaurants,” Han elaborates further.
Should a branch office incur losses and liability, its parent company is held accountable as the branch office is not recognized as an independent legal entity. So, all its possessions are owned by the parent company, which could be sued in behalf of its branch offices in case of disputes.
Foreigners seeking to run a branch office in Singapore may engage the services of Asiabiz Services to handle the registration process.
About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more.
Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs incorporate a Singapore Company. It also provides chartered secretarial services.
For more information visit:
AsiaBizServices PTE LTD
Address: 120 Telok Ayer Street Singapore 068589
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