Go through Singapore company registration details to set up your Singapore branch office
By: michaeltaylor | Posted: 16th February 2011
Singapore is one of the most important business destinations in Asia. Unlike some of the other countries in other parts of the world, Singapore is not at all a tax haven where a foreign company establishes its entity for tax saving purposes. There are strict guidelines and rules for Singapore company registration and it does take a while to complete the entire procedure. There are foreign companies that set up their Singapore branch office and this also requires the fulfillment of certain rules and regulations.
Before you establish your office in Singapore and open a branch here it is important that you gather enough knowledge about the country. Singapore is at the heart of South East Asia and its central location in the region makes it one of the most strategically located business bases. It has easy accessibility to all the important Asian economies like India, China, Malaysia and Japan. The country also has its business culture that is quite different from the culture in some of the Western countries. Knowing about Singapore and its culture will definitely help you in your business setup here.
To register your business in Singapore through your Singapore company registration you may need to obtain a license first. Although most of the businesses in Singapore don’t need a license to start their operations there are some businesses that require a license. Banks, retail liquor business, childcare centers, lending institutions, private schools and travel agencies require a license. Special license is needed for wholesale or import-export businesses. Those that set up their professional businesses in accountancy, law and medicine also require occupational licenses. And if you are looking at the formation of your Singapore branch office there are some other requirements.
To incorporate your Singapore branch office you opt for a representative office or a subsidiary company. The first step is to go for Singapore company registration. Establishing your branch comes next. Once the branch is established in Singapore it is taken as an entity. And before the Singapore branch office is opened a foreign company must first register itself as an entity in Singapore.
Singapore company registration may be a simple or a complicated process depending on the way you look at it. Like any other socially responsible country in the world Singapore also tries to ensure that any business that is set up in the country is a legal one and is not looking to make a fool of the unsuspecting public. Hence, the requirements and the procedures may take some time. But at the end of it, if you are a responsible organization you would benefit in the long run from all these procedures to set up your Singapore branch office.
Singapore welcomes all to do business in its land. It’s just that the country tries to ensure that you are a responsible entity. Go through the procedures of Singapore company registration and you will find that you are able to rake in huge profit amounts through your Singapore branch office in no time.
Looking to set up your Singapore branch office? Go through the details of Singapore company registration and you will get to know what needs to be done.
This article is free for republishing
Printed From: http://www.goinglegal.com/go-through-singapore-company-registration-details-to-set-up-your-singapore-branch-office-2037354.html
Back to the original article
Tags: lending institutions, business culture, tax haven, south east asia, strict guidelines, business setup, subsidiary company, company registration, india china, singapore company