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Looking to setup a branch office in Singapore? Take a look at this presentation to know the requirements. Visit https://www.singapore-company-registration.net/ for more details.
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Opening a branch Office in Singapore – What you Need to Know www.singapore-company-registration.net
Singapore has been a preferred business hub for several companies over the past few years. If you have plans to set up a branch office of your company in Singapore, read on to know the requirements and other details for the same. www.singapore-company-registration.net
COMPLIANCE REQUIREMENTS • A branch office must have a registered address in Singapore • The office must have at least one authorised representative, who is also a Singapore resident. • The branch name should be the same as the company name. www.singapore-company-registration.net
ABOUT TAXATION • A branch office is not entitled to the benefits of the Double Taxation Agreement. • Tax exemptions on foreign branch benefits, foreign sourced service income or foreign sourced dividends are not applicable for branch office setups. • Branch office is eligible for partial tax benefits. www.singapore-company-registration.net
ANNUAL FILING REQUIREMENTS Foreign companies must submit: • annual reports • a duly audited financial statement of the branch office within 7 months from its financial year end or within 2 months of the company’s annual general meeting, whichever is earlier. www.singapore-company-registration.net
DOCUMENTS REQUIRED • Certificate of Incorporation given by the foreign country. • Particulars of the Directors. • Articles of Association • Memorandum of Appointment • Preparation of Statutory declaration by verifying the execution of the Memorandum of Appointment of Agents. www.singapore-company-registration.net
Need help with branch setup in Singapore? KC Ha Consulting Pte Ltd is here to assist! Visit www.singapore-company-registration.netor Call +65 6338 7856. www.singapore-company-registration.net