Asiabiz Setup Provides Branch Office setup And Employment Pass A foreign company may take advantage of Singapore’s business environment by setting up a Singapore branch office. Asiabiz Setup’s business consultant, says that through a branch office, the foreign companies can experience the business potential in the city-state. It can establish the brand of the company, and enables direct connection with distributors and local agents. In registering a branch office, the firm reminds certain requirements like a local office address, at least two individuals who must be appointed as the agents helping in the administration of the branch, and the name of the branch.
“The branch must bear the name of the parent company because the former is an extension of the foreign mother company and which does not maintain its own juridical personality.” Asiabiz Setup assures that by availing of its service, the name availability check is among its features. If, for instance, the name is not already available, or for some reasons, ACRA does not approve of it, the parent company can have a different name for its branch. The local address must be valid and should not be a Post Office box. For satisfaction of statutory requirement, Asiabiz Setup also provides a valid local address. The agents can be a local, a foreign, or both. If it is foreign nationals, an Employment pass is necessary. Asiabiz Setup handles the application of labor passes for foreign staff relocating to Singapore and that includes those who shall be appointed as the agents. Considered as an officer of the branch, the agent must make certain that the branch does not infringe on laws and contracts, lest, he becomes personally liable. In registering for a branch office, Asiabiz Setup shall request from the parent company documents such as a certified copy of the Certificate of Incorporation of the foreign company, a certified copy of Memorandum and Articles of Association of the foreign company, personal information about the directors of foreign company, memorandum of appointment and personal information of the agents, and a memorandum stating the powers of the local agents. The firm says that the officers of the foreign company need not have to be physically present in Singapore to oversee the registration procedure. When all documents are complete, the procedure shall take 1 or 2 days to complete. At which time, the directors and shareholders of the foreign company should be in Singapore to comply with post-registration requirements. Asiabiz Setup is a business process provider creating solutions such as nominee services and chartered secretaryship to make business easy. Among its specializations include company registration, immigration, compliance with requirements such as obtaining business permits and licenses, accounting and bookkeeping, and filing of annual corporate and personal taxes.
About the Publisher: For many years, Asiabizsetup has served the community by taking charge of Singapore company incorporation, Singapore company registration and processing the necessary working visas of entrepreneurs or employees, and providing services such as accounting, secretarial and statutory compliance with certain requirements. AsiaBiz is a company that provides Singapore company setup services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, Singapore accounting services, book keeping requirements, and other compliance matters stated under the Singapore law. The company has successfully helped thousands of both local and foreign entrepreneurs form a Singapore company. Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes
to making important business decisions. For more information visit: AsiaBizSetup PTE LTD address: 120 Telok Ayer Street Singapore 068589 phone: (65) 62426533 email: firstname.lastname@example.org website: http://www.asiabizsetup.net
Published on Feb 1, 2011
A foreign company may take advantage of Singapore’s business environment by setting up a Singapore branch office.