Asiabizsetup Offers Singapore Branch Office Setup Services Singapore is among the world’s successful free-market economies characterized by least-corrupt and stable political governance. Its strategic location in the heart of Southeast Asia serves as the crossroads for east and west. Among the features of its entrepreneurial landscape include sophisticated infrastructure and state-of-the-art technology in electronics, information, and communication, as well as attractive business policy. In the past years, Singapore features additional manufacturing industries such as biomedical sciences, interactive digital media, and clean technologies, cultivating knowledge-based and research-intensive industries. A few of Singapore’s major trading partners are the United States, France, Germany, United Kingdom, Malaysia, Indonesia, Thailand, Hong Kong, Japan, Korea, Taiwan, China, Australia, and Saudi Arabia. Investors from these countries flock to Singapore to do business. Some of them engage in sole proprietorships as the city-state allows 100% foreign ownership, partnership, limited liability, and private limited. Foreign companies seeking for expansion may register a subsidiary or a branch, whichever is ideal for them. A branch office, treated as a legal extension of a parent company, is a beneficial vehicle to employ to boost the commercial activities of the parent company. Though it is not endowed with a separate legal existence, it is devoted to explore and expand business opportunities in the dynamic market of Singapore. “It can be used to establish the reputation of the company’s brand,” reveals Raj Beng, Asiabiz Setup’s business analyst. She says additionally that “a branch office makes it possible for the parent company to reach out to local agents and distributors.” Unlike a Singapore representative office, a Singapore branch office can engage in commercial activities such as sales and marketing, and non-commercial activities like customer or technical service center, warehouse, or manufacturing site. Because it is a mere extension, the parent company is accountable for the losses and liability of its branch. Setting up a branch office requires two staff members serving as its agents to support its administration. Beng describes that the agents can either be a local or a foreigner by holding a labor pass. In case a foreign company cannot satisfy such requirement immediately, it may engage the nominee agent service of another company. Many take delight in Asiabiz Setup’s nominee agent service as it allows foreign companies to proceed with their business plan timely. Raj assures that the nominee service is not permanent. “It can be revoked at any time. A nominee agent may transfer the position to a foreigner upon procurement of a labor pass.” Also, a nominee agent does not have authority over the branch office. When accountability arises, the nominee agent is not among the liable as well. Asiabiz Setup is a private company providing corporate solutions such as company incorporation, business setup, application of working visas, bookkeeping, and payroll management services. 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: email@example.com website: http://www.asiabizsetup.net
Published on Jan 7, 2011
Singapore is among the world’s successful free-market economies characterized by least-corrupt and stable political governance. Its strategi...