All About Registering A Singapore Branch Office

All About Registering A Singapore Branch Office

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A Singapore Branch Office is treated as the identical entity as the foreign business (Head Office) which is incorporated outside Singapore. As an outcome, a Branch Office is solely an elongation of its Head Office. Any move against a Singapore Branch Office is the same as to an activity versus the Head Office.

Here are the common characteristics of a Singapore Branch Office:

* Branch Office Name - The naming of a branch office will have to be that of the Head Office and should be accepted by Accounting and Corporate Regulatory Authority (ACRA), Singapore's Registrar of Companies.

* Business Ventures - The pursuits of a Singapore Branch Office are administered by the Memorandum and Articles of Association (M&AA) and/or legislation of the Head Office.

* Accounts and Audit - A Singapore Branch Office will need to document its Head Office accounts along with its private audited accounts with ACRA yearly.

* Annual General Meeting (AGM) - The condition to handle AGM relies upon on the regulation of the use of incorporation of the foreign firm.

* Representatives - The Companies Act requires a foreign company to assign two local agents in Singapore to work with respect to the business. The agents should be a Singapore (i.e. Singapore Citizen, Singapore Permanent Resident (PR), Employment Pass (EP), Approval In-Principle Employment Pass (AIP EP) or Dependant Pass holder).

* Shareholders - Is based on the constitution of the Head Office of the foreign company.

* Statutory Registers - The needs of sustaining statutory registers and minutes book in the registered office is not applicable to a Branch Office.

* Registered Office - A Branch Office should have a registered office in Singapore.

Additionally, here are some needed documents for registering a Singapore Branch Office:

* A certified true copy of its credentials of incorporation in the foreign country. A certified true copy of the foreign companys Articles of Association, Charter, Statutes or other choices constituting or understanding its constitution together with any amendments.

* If one of the directors are resident in Singapore and are participants of the local board of directors, a memorandum documenting the capabilities of the local directors;

* A Memorandum of Appointment of Agents or Power of Attorney under the seal of the company, duly validated, declaring the names, locations and passport/NRIC numbers of some natural individuals resident in Singapore authorized to work as the foreign companys agents.

About the Author:
Rikvin provides a full spectrum of corporate services under one roof for Singapore Company Incorporation, Singapore Branch Office registration, accounting, tax, work pass and related compliance services for individuals and companies worldwide.



Article Originally Published On: http://www.articlesnatch.com


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