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If you’re considering registering a new branch office in Singapore, you are bound to have questions. At Hawksford we’ll give you the answers and support your business growth.
The actual registration of a branch office in Singapore can be accomplished in a matter of few hours as the whole process is computerized. However, the overall process can take anywhere from one day to few days depending on the following factors:
Yes, a Branch Office must appoint at least one authorized representative who is a Singapore resident. The following individuals can be appointed as local authorised representative:
We can provide the services of nominee local authorized representative when required.
Each Singapore branch office shall satisfy the following minimum statutory requirements as per the Singapore Companies Act:
Most of the small to mid-size foreign companies prefer to register a subsidiary company in Singapore for the following key reasons:
No, you are not required to visit Singapore to register a branch office. We can work with you via emails and document couriering in order to get the necessary work done. However if you wish to open a bank account, a visit to Singapore might be a good idea. Almost all banks require an interview with the stakeholders and the process can go a lot smoother if there is a face-to-face meeting between you and the bank officer. For most banks, we are able to arrange the meeting at our own office. However, if you are not able to visit Singapore, the bank may conduct a phone interview and the due-diligence process can take longer.
You have the option of registering a Singapore branch office or a Singapore subsidiary company. Most foreign companies prefer to register a subsidiary company for the following reasons:
Let our experts guide you.
Hawksford's experienced and professional staff will be able to guide you through moving or setting-up your business in Singapore.
With our expertise, we can assist you in setting-up your business structure right the first time.
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