Singapore Branch Office with Nominee Agent for Foreign Entities
A branch office is registered in Singapore is considered as an extension of its parent company and not as a separate legal business entity. Its liability extends to its parent company.
The branch office must appoint one resident agent to represent the company in accordance with the Singapore Companies Act. Inctro can provide you with a Nominee Agent service If you do not have a local Singapore resident agent to meet this requirement.
Package Includes:
- Incorporation of Singapore Branch Office
- Singapore Nominee Resident Agent
- Registered Address
Same as with Nominee Director service, since there are inherent risks in providing this service, do note that Inctro will be charging a security deposit and signing indemnity agreements with the clients.
FAQ's
- It will not be eligible for tax incentives and exemptions in Singapore as it is a non-resident company
- the parent company is liable for all the liabilities of the branch office.
- Singapore branch office needs to submit the audited accounts of Parent Company and audited financial statements of its branch office.
- Business activities have to be the same as the parent company
- The branch’s activities are directed by a foreign company’s constitution