Asiabizservices Provides Singapore Branch Office Setup 

Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.

by Morgan Liam Friday, January 21, 2011
Businessmen of small and medium scale enterprises use a Singapore branch office as a vehicle to increase their productivity level, and thus, raise their competitiveness as well. In Singapore, doing business through a branch office involves procurement by the foreign corporation of a license to operate a business in the city-state.

“However, unlike its mother company offshore, the branch office is not veiled with a separate juridical personality, but merely acts as its extension,” differentiates Raj Beng, a business solution specialist connected with Asiabiz..

That extension position renders its parent corporation liable for all obligations and accountability the branch office may incur. From a tax point of view, a branch office of a non-resident company is not eligible for tax exemptions accorded to newly incorporate tax residents.

Nonetheless, a branch office is an ideal avenue to pursue low-risk projects. Raj Beng resumes reciting.

“Businessmen can develop a strategy to establish the company brand, create a strong clientele foundation and thereby, maximize the productivity.”

Branch offices may not necessarily adopt the activities of their parent companies. They can engage in any commercial operations ascribed by the Memorandum and Articles of Association by the parent corporations.

In registering a branch office in Singapore, the name of its parent company is used. There shall also be two staff persons appointed to act as the agents providing support to the business administration of the branch and to receive official notices from local authorities.

“The agents can be locals and foreign nationals. For foreigners to live and work in a Singapore branch, an employment pass is necessary.”

Asiabiz handles applications of labor passes for foreigners seeking to stay in the city-state to do business or to work. Before these foreign agents can apply for the labor pass, the registration of a branch office must first be secured.

“Asiabiz also provides Singapore nominee agent service in case the foreign companies are unable to find the ideal candidates to fulfill the obligations of an agent.”

The nominee agent service can be momentary until the registration of the branch and the application of a labor pass are complete. It can also be on a long-term basis depending on the preferences of the foreign corporations.

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
phone: +6563034614

Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.

General | Categories: financial, business
0    submitted by Morgan Liam
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