This guide enumerates the key requirements and the steps necessary to register a branch office in Singapore. Through the following checklist, we will help you understand what you need to do to set up your Singapore branch office.
Once you have decided to form a branch office in Singapore, the following details checklist will help you understand the key requirements and the overall branch office incorporation process.
SETUP REQUIREMENTS FOR BRANCH OFFICE IN SINGAPORE
- 1 Corporate Shareholder + 2 Singapore Resident Agents
- A Registered Office Address in Singapore
|Proposed Branch office Name Approval||
*Can be a Singapore citizen, Singapore permanent resident or Singapore employment pass work pass, dependant pass holder
Note: A nominee agent is not required to be given or hold any shares. He is just appointed to satisfy the Singapore Companies Act requirements.
|Paid-up Capital||Not Required|
Rikvin can provide a prestigious registered address service for Singapore companies including virtual office services and hot desk.
|Appointment of Registration Agent||
Rikvin offers professional Branch office registration service
|Documents Required for Branch office Incorporation||
A certified copy of Certificate of Incorporation of foreign parent company.
|Corporate Bank Account Opening for Branch Office||
|Branch office GST Registration – (Good and services tax)||
We can assist you with GST registration and on-going GST compliance, if required.
|Branch office business Licenses||
|On-going and Annual Compliance Requirement for Branch office||
|Options of employment pass or no relocation to Singapore||No Relocation
TAXATION OF SINGAPORE BRANCH OFFICE
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 Singapore Subsidiary Company rather than a Branch Office.