Singapore Company Registration Services for Foreigners

Thousands of foreign MNCs and SMEs have chosen Singapore for their home. Its geographical location allows Singapore to serve the East and West as an entrepot. There is no doubt that it is a potent business hub and a great attraction for the foreign corporation. Singapore company registration services assist these entities in starting their businesses.

Singapore Companies a Foreign Corporate Can Register

The process of Singapore company formation is governed by its company registrar, i.e., ACRA (Accounting & Corporate Regulatory Authority). Singapore company registration services can help foreign companies in starting a Subsidiary Company, Branch Office, or a Representative Office.

Subsidiary Company

A Singapore subsidiary company is considered as the local company. A foreign corporation is allowed to own 100% of its shares. The foreign SMEs prefer the subsidiary company to enter Singapore market.

The subsidiary is a form of limited liability company and has a legal identity separate from its owners. It means the parent company’s liability is limited to its investment in shares. As the local company, it has access to incentives, schemes, benefits offered by the government.

It is mandated for a Singapore company formation to have a local director. It means the parent company has to relocate one of its employees to Singapore. The experts from the Singapore company registration services assist them in arranging the Employment or EntrePass for the individual.

Singapore Branch Office

The foreign companies also choose to set up a company in Singapore in the form of a branch office. It is not a separate legal entity. It is considered as the extension of its foreign parent company. It means the parent company is liable for the losses and debts incurred by its branch office because of the business activities.

The branch office is not a local entity for the tax purposes. It cannot access the tax schemes and other types of support offered by the Singapore government through its various initiatives. The parent company needs to appoint at least one authorized local representative to take charge of its branch office.

Representative Office in Singapore

Some foreign companies are cautious about entering a new market. They want to make informed decisions. They set up a company in Singapore in the form of a Representative Office to conduct market research and surveys. It has no legal identity. It is not allowed to take part in any business activities. The parent company is liable for its debts and losses.

The representative office needs to have at least one chief representative; a resident of Singapore or an employee of the parent company. In addition, it can hire five or less support staff members.

Singapore has pro-business policies, infrastructure, communication networks, sea & air links, mass transportation system, talented workforce, & strong IP laws. It is corruption-less society, and its pro-business attitude adds to its attractiveness as the destination to start a new company.

You can see that the type of the company incorporated depends on the foreign corporation’s needs and objectives. They invest in the expertise of affordable Singapore company registration services. It is a sensible thing on their part as in a new jurisdiction hiring of an expert is not a waste of resources.

Contact Info:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg/

High Street Centre,

#17-02, 1 North Bridge Road,

179094 - Singapore

Phone: +65-6536 0036

Email: info@sbsgroup.com.sg