Foreign companies who intend to setup a presence in Singapore can choose to register a Branch Office or a Subsidiary Company.
Singapore Subsidiary Company
A subsidiary company is a locally incorporated private limited company whose majority shareholder is either a local or foreign corporate entity. 100% foreign ownership in Singapore companies is allowed. A properly structured local subsidiary company is an excellent tax efficient corporate body. A Singapore subsidiary company is considered a separate entity from the foreign company.
Singapore Branch Office Registration
A registered Branch Office in Singapore functions as an extension of a foreign company that is registered outside of Singapore. A Singapore branch office is considered a non-resident company for tax purposes. Non-resident companies are not eligible for tax incentives for a new startup or resident companies, and therefore most foreign companies prefer to set up a Singapore Subsidiary Company rather than a Branch Office.
Eric comes from banking background. He provides consultancy to local and foreign entities on the ideal market-entry strategies for setting up or expanding operations in Southeast Asia.
Eric also provides advisory to fund managers and family offices on structuring as well as applicable tax incentives. He has also set up many VCC structures for licensed fund managers.
