3 Singapore Company Registration Formats

Rikvin.com Singapore company registration consultant stated that three options are available for foreign company registration in Singapore.

Singapore, Singapore (prHWY.com) October 4, 2010 - For Immediate Release

October 4, 2010 - Rikvin.com Singapore company registration consultant stated that three options are available for foreign company registration in Singapore.

These 3 options namely, "setting up a Singapore subsidiary company, setting up a Singapore representative office and third option setting up a Singapore branch office."

"These business standards have their own specific functions and their respective advantages and disadvantages. For this reason, it is vital for foreign companies to determine first their short- and long term business pursuits in advance before they make a decision about what sort of strategic business formats they will undertake when they setup up and establish business here in Singapore," Rikvin.com said.

For foreigners who prefer to function as an extension of a foreign parent company that is registered outside of Singapore, Rikvin.com recommends setting up a Singapore branch office. This business format aims to assist the progress of operation and income system s in Singapore for the foreign parent company.

Rikvin.com highlighted the common advantages of a Singapore branch office, among which are being provided with several opportunities to explore and broaden business potentials in Singapore market, being a good platform to launch company's brand and being able to access direct connection with local agents and distributors.

However, Rikvin.com also notified interested parties that this business format is regarded as a non-resident for tax purposes, and as a consequence not qualified for tax incentives and exemptions offered to Singapore private limited companies.

This business format also does not have a separate legal identity, resulting to foreign parent company being responsible for all its debts, losses and liabilities. The foreign company is also expected to present annual reports and audited accounts within two months of the Branch Office's annual general meeting.
"Since Singapore branch office has tax limitations for new start up or resident companies, most of the foreign companies prefer to set up a subsidiary company which is able to enjoy all tax benefits rather than a branch office," the company added.

Therefore a close study on the advantages versus the disadvantages of Singapore branch office, and a comparison with another ideal business format in trading and revenue-generating pursuits which is Singapore subsidiary company is necessary. It is also legally advised to seek the assistance of a professional firm for whatever preference made.

For more information visit:
http://www.rikvin.com/
Rikvin Pte Ltd
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436

###

Tag Words: singapore branch office

Categories: Business

Press Release Contact
http://www.rikvin.com/
Rikvin Pte Ltd
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436

Link To This Press Release:

URL HTML Code