FOREIGN COMPANY SETUP AND REGISTRATION - PowerPoint PPT Presentation

Title: FOREIGN COMPANY SETUP AND REGISTRATION


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FOREIGN COMPANY SETUP AND REGISTRATION
Bestar Services Pte. Ltd
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Foreign Company Setup And Registration

• Some time become a prime choice for corporates
  all across the globe to set up trade links in.
  More and more companies are being attracted to
  the vibrancy and allurement Singapore provides
  them with. Strategically located as an
  amalgamation of the best of both East and the
  West, the country offers an attractive tax regime
  and a stable political environment for Foreign
  Company Registration. Added with the modern
  infrastructure and an educated workforce, Singapor
  e is truly becoming a corporate paradise.

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Foreign Company Incorporation in Singapore can be
done through three major mediums
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Foreign Company Registration in Singapore
1. Branch Office Establishment in Singapore

• A branch office will act as an extension of the
  parent company, established already outside
  Singapore. A Foreign Company Registration in
  Singapore as a branch office will allow greater
  coverage and recognition for the parent company,
  along with getting better opportunities their
  way.
• Parent company must have at least US250,000 sales
  turnover

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2. Subsidiary Company setup in Singapore

• Foreign Company Registration in Singapore is also
  possible through the establishment of a
  subsidiary company in the country.
• The subsidiary company that will be established
  will be incorporated as a local Pte. Ltd.
  Company. Subsidiary companies established in
  Singapore can be wholly-owned entities of the
  foreign company.

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3. Representative Office in Singapore

• The third method for Foreign Company Registration
  in Singapore is through the establishment of a
  Representative Office. In comparison to a branch
  office or a subsidiary company, a representative
  office is not a separate legal entity, but only
  an extension of the parent company. A
  representative office thus, cannot enter into
  legally binding contracts on its own or engage in
  any profit-making activities.

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Subsidiary Company Setup
Branch Office
Representative Office
Legally, wholly owned by the foreign parent company though a temporary setup. Extension of the foreign parent company
Cannot indulge in commercial/ revenue-generating business Can only indulge in business activities that fall under the spectrum of the parent companys business.
Not allowed to repatriate Allowed to repatriate 100 earnings Allowed to repatriate 100 earnings
Legal Ownership
Business activities and operations
Repatriation of revenue
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Subsidiary Company Setup
Representative Office
Branch Office
Maximum limit of 5
Appointment and relocation of a Chief officer from the head office. Parent company must have at least US250,000 sales turnover. Legal documented proof of the existence of the company for at least three years before such establishment Legally registered office address in Singapore. Appointment of a legal resident of Singapore as the agent of the office establishment Legally registered office address in Singapore. Appointment of a company secretary Appointment of at least one legal resident of Singapore as the director.
Employee restrictions
Legal requirements
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Subsidiary Company Setup
Representative Office
Branch Office
Renewing the registration of the office annually Essential to convert the representative office to either a branch office or a subsidiary company, after three years of operations. Submitting the annual audited accounts of the Branch Office. Submitting the annual audited accounts of the head office. Submitting the annual audited accounts. Filing annual tax returns.
Annual Compliance Requirements
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