The registration process of companies in Singapore is relatively easy for most foreign enterprises and individuals, especially if they have a good reputation and track record, entrepreneurial skills and sound business plan.
Singapore company registration business AsiaBiz Services Company Law requires all foreign enterprises and individuals a professional company who rent their business applications in its process name.
"It is important to note the record, which is prohibited under the Singapore Companies Act, foreigners are owners of their companies. In this way we can avoid dealing with corporate policies and laws that can lead to sanctions," the company.
Currently, there are three divisions to adopt structures of foreign firms to operate in Singapore. This is the representation of the ideal starting point for studies and market research, establishment, is considered as an extension of its parent and subsidiary, is treated as a separate legal entity from its headquarters.
A representative office is ideal for companies wishing to explore business opportunities in the country and is prohibited in all income-generating activities to participate.
"While this office is only permitted for non-commercial activities such as market research, monitor the activities of the parent company of local distributors and agents and providing non-technical customer service, this configuration is very suitable for foreign companies seek to ensure that their business profitability before large investments, "said AsiaBiz.
For foreign companies involved in commercial revenue generating activities, and recommended the registration of a trade specialist to log on to a subsidiary or branch in Singapore.
However, these two business structures, advantages and disadvantages that should be considered strong.
A subsidiary, offers all the tax benefits and exemptions to all local authorities, although entirely by a foreign company or person possessed.
Meanwhile, a disadvantage that have a subsidiary to its management and control systems in Singapore.
Still, most foreign companies prefer this configuration as a limited liability enjoyed, especially, financial liabilities for losses and debts of their company based in Singapore.
Moreover, a branch is covered in the legislation as an extension of his father, and as a result, not eligible for incentives and exemptions from local taxes rather than a subsidiary.
In addition, foreign companies do not enjoy limited liability, which protects them from the economic losses are established.
However, one advantage of the solution that foreign firms enjoy greater control over its subsidiary in Singapore.
AsiaBiz is a company that provide Singapore branch office services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, accounting and book keeping requirements, and other compliance matters stated under the Singapore law.
For more information:
address: 120 Telok Ayer Street Singapore 068589
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