The materials required for the registration of a branch office in Singapore include the incorporation documents of the foreign company, such as the Certificate of Incorporation, bylaws, Register of Shareholders and Register of Directors and a copy of latest audited financial statements of the foreign company.
Normally, a branch office in Singapore can be registered in a day, provided that the name of the branch office does not require approval.
In addition to the registration service itself, we also provide related supporting services, including local agent service, Singapore Employment Pass application services and bank account introductory services. Our fees for these services are listed in Section 2.
After the branch is officially registered in Singapore, it is required to comply with the maintenance requirements such as prepare an annual business report, updating books of accounts, auditing of financial statements, filing of GST return and/or profits tax return. Kaizen Singapore is also a licenced public accounting firm and is equipped with experienced professionals to handle the accounting, auditing and taxation for your Singapore branch. Please feel free to contact our professional accountants for detailed information.
Certain business activities in Singapore require special licence or permit other than the registration with ACRA, such as travelling agency business, wholesaling and retailing of liquor products, money lender business, education center business and financial service business. Kaizen can assist your Singapore branch office to apply for these licences and permits. Fees will be quoted upon request.
1. |
Singapore Branch Registration Fees | |
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Our fee for handling the registration of a branch office in Singapore for a foreign company is SGD1,050. In particular, our fees cover the following services: | |
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(1) |
Review of corporate documents of the foreign company; |
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(2) |
Name availability search and reservation; |
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(3) |
Preparation of necessary documents, including application and/or minutes; |
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(4) |
Payment of official registration fee with ACRA; |
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(5) |
Branch office profile extract from Registrar of Companies; |
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(6) |
Minutes for opening bank account in Singapore. |
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Our fee quoted above does not cover courier charge, if any. |
2. | Optional Services | |||||||||||||||||||||||||||||||||
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In additional to the branch registration service mentioned above, we also provide the following related services to supplement the registration of Singapore branch.
Note:
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3. |
Time of Billing and Payment Methods |
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Upon receipt of your order, we will issue and send an invoice together with the transfer instructions to you for your settlement. Because of the nature of service, we require full payment in advance. And once the service is commenced, no refund of service fee will be made. We accept cash, SGD check, TT and credit card through Paypal. Please click here for payment methods. An extra handling fee of 5% will be charged if paid by Paypal. |
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4. |
Basic Structure of Singapore Branch Office |
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5. |
Singapore Branch Office Registration Procedures |
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Assuming that no licence or permit or approval from any government department is required, the registration of a branch office in Singapore can be accomplished in less than 5 days. The procedures and day frame are shown in the table below.
Note: The time frame stated above is estimated based on the assumption that no licence or permit or approval from any government department is required. |
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6. | Materials Required for Registration of Singapore Branch Office | ||||||||||||||||||||||||
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The certification can be done by Kaizen’s staff or a CPA or lawyer or attesting officer of the place where the foreign company is registered. If the identification documents listed above are not in English, an English translated version should be prepared. |
7. |
Annual Maintenance |
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After the branch is officially registered in Singapore, it is required to comply with the maintenance requirements such as prepare an annual business report, updating books of accounts, auditing of financial statements, filing of GST return and/or profits tax return. Kaizen’s office in Singapore is also a licenced public accounting firm in Singapore and is equipped with experienced professionals to handle the accounting, auditing and taxation for your Singapore branch. Please feel free to contact our professional accountants for detailed information and fees. |
You can click here for information about “FAQs of Singapore Company Incorporation”