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 + 1 Singapore Resident Agent
- 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
|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.