Singapore is always open for start-ups and new branch offices. It is a city that welcomes professionals, entrepreneurs, and investors; it offers a straight forward and easy way to set up business. With more than 7000 MNCs and 110000 expatriates, Singapore is a land of opportunities. If you are planning to open up a branch office in Singapore, then this is the right article for you. You will get all the basic information that you need for registration of your branch office.
A branch office, by definition, is a company's outlet or an organization that doesn't constitute a totally separate legal entity. In simpler terms, it can be considered as a company's extension. It's not a very unusual thing; the most common industries that have branch offices are financial and banking institutions. Branch offices can make your office work much easier as the need to offer a more personalized and quick service becomes much easier.
Different countries will have different rules and criteria for allowing branch offices in their country. Today, we will discuss the registration process basics for opening a branch office in Singapore. Read the full article.
The companies’ act of Singapore doesn't allow foreign companies or organizations to self-register their branch office in Singapore. The best and easy option for you to get your branch office open is to get in touch with Rikvin, the leading specialist of companies of Singapore with "Accounting and Corporate Regularity Authority of Singapore" (ACRA). They will assist you throughout the process of registration at the ACRA. The good news is with the right documents you can set up your branch office in Singapore in less than a day.
The three crucial factors that you will need to open up a branch in Singapore are:
Wrapping it up!
Singapore is a country that has a highly effective infrastructure, flexible tax regime, free market economy, and a stable socio-political environment. For many years, Singapore is considered as one of the easiest places for setting up a business or a company. In Singapore, it is possible to set up a business or a branch office in less than a day! As a country, Singapore is classified as one of the greenest and clean cities in the world. Singapore is a thriving cosmopolitan city suitable for setting up a business or opening a branch office.