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12 April, 2017
Singapore often called as “Business Paradise,” is known for its business-friendly attitude and highly revered by the global entrepreneurs for its openness towards foreign companies and talents. If you are ready to take your foreign-based business to the next level of success, then, establish a branch office in the most sought after destination of Southeast Asia i.e. Singapore. The business policy of the country is extremely friendly, unbiased (in the case of domestic and foreign companies), liberal and open. So, gear up for Singapore branch office registration to build a strong foothold in Southeast Asian Market.
Why is Singapore Best for Your Business Expansion?
Singapore Company Registration Process: Branch Office
The branch office is one of the options available for foreign companies for expanding their business into the soil of Singapore. The other two being subsidiary company and representative office.
A branch office is a mere extension of the foreign-based parent company. It is perhaps the easiest and fastest way to expand their foreign base into Singapore.
When you decide to expand your business, make sure to register the branch office of your foreign-based company with the ACRA (Accounting & Corporate Regulatory Authority). It is worth mentioning that any business activity carried out in Singapore with a motive of profit-making needs to be registered under ACRA.
Requirements for Singapore Branch Office Registration:
The List of Necessary Documents Required for Branch Office Setup:
Singapore Branch Office Registration:
Once you are done with the documentation work, it is the time to take the final plunge i.e. Singapore branch office registration with authority. A professional firm such as SBS Consulting can carry out all the formalities on your behalf.
The Two Key Steps are: Name Approval & Business Registration
Name Approval: You ensure that the name of the branch office corresponds to the parent company’s name. It must be unique, meaningful and decent.
If everything is in order, assuming that all the documents are ready, the process should not take much time to accomplish.
Business Registration: Upon the submission of application form and necessary documents with authority, you will receive an email notification about the successful registration of the branch office. The soft copy will be treated as the official certification of registration.
So, you have successfully expanded your business venture in Singapore, the city-state best known for its vibrant business culture. It is the time to focus on your core activities and explore new opportunities to keep your entrepreneurial journey moving.
High Street Centre, #17–02, 1 North Bridge Road,Singapore179094â—âSingapore
Phone: +65–6536 0036 Email: email@example.com
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