Package BR-2: Singapore branch office + Employment pass for two agents

about

About this package

Branch office is a special form of organisation in Singapore where the 100% shareholding is by parent company and the liability of branch office extends to the parent company. Branch office is not an independent entity instead it is an extension of parent company in Singapore. This package summarizes cost for branch registration and employment pass processing for two resident agents.

You will still need nominee agent service for a limited period of 3 months. During this time employment pass for relocating agents will be processed.

Please note the employment pass is subject to approval by Ministry of manpower Singapore.

    Documents

    We require following documents from you

    You can send us scanned copies of these documents, and bring original documents for verification during your visit to Singapore.
    Documents must be in English, otherwise official translation will be required.

      Transcend branch registration form

      This form captures all relevant details like company name, shareholding structure, Directors and shareholders of the company

      Transcend KYC form

      KYC form collects information about client's existing business and purpose of new Singapore entity. This form is important consideration before providing Nominee resident agent service

      Certificate of incorporation

      Copy of the certificate of incorporation of the parent entity

      Parent company details extracts

      Company particulars extracted from Company registrar (also called certificate of incumbency)

      Parent company board resolution

      Copy of the board resolution of the parent company confirming its decision to incorporate a branch office in Singapore and the person nominated as authorised representative to take necessary steps

      Copies of passport of authorised agents

      Proof of identification of the authorised representative. In case of Singapore residents the NRIC will be required

      Bank statement / Bank reference letter

      Issued in the name of your business in home country

      Memorandum of appointment of Nominee local agents

      This document specifies the powers / responsibilities of nominee local agents. We will provide draft of this to you

      Relocating employee CV

      CV / Resume of the senior employee who will be applying for Employment pass after incorporation

      Completed Employment pass application form

      Completed employment pass application form for each person applying for EP

      Educational certificate copies + Transcripts

      For employment pass application we need clear scan copies of your educational certificates. For educational qualifications from some countries we will also need the Transcripts (Mark-sheets).

      Additional documents

      There will be some additional documents we may need depending on your specific case. For example these can be copy of marriage certificate of the relocating employee if he also needs Dependent pass for the spouse to be processed

      Package price is explained in two parts. First the cost at the time of initial setup and recurring cost for subsequent years

      One time cost at the time of branch office registration

      Branch registration 1200 SGD
      Registered Office Facility (1 year)600 SGD
      Nominee Local agents ( 2 Agents X 500 SGD) (For a period of 2 months)1000 SGD
      Employment pass processing for 2 employees (1200 SGD X 2)2400 SGD
      Total setup cost5200 SGD
      Refundable deposit for Nominee agents2000 SGD
      Total payment at the time of setup7200 SGD

      Recurring cost every year from year 2 onwards

      Service chargedAmount
      Registered Office Facility (1 year) (If required)600 SGD
      ACRA compliance package (Secretary is not required for branch office)800 SGD
      Total charges from year 21400 SGD

      Branch office is registered on the same day you sign documents. After incorporation we will email below documents to you

      1Electronic certificate of branch incorporation
      2Branch profile extract form Registrar of Companies (called ACRA Bizprofile)
      3Scanned copy of all incorporation documents you signed in our office

      This package price also includes following

      1Free bank account opening with certain banks
      4Rubber Stamp
      5First board meeting minutes
      6All government fees and name reservation charges are included

      Following steps are involved in this process

      Step-1

      Provide branch Incorporation Details

      Provide the scanned copies of documents and our forms with relevant details
      Step-2

      Payment

      Upon receipt of the completed form, we will send you an invoice for our services. Payment must be made in advance before we commence the registration
      Step-3

      Prepare Incorporation Documents

      Upon receipt of the payment, we will prepare the necessary incorporation documents. You will need to visit our office to sign the documents in person. In case you want to send notarized documents from your home country then that option is also available.
      Step-4

      Branch incorporation

      After the documents are signed, we will proceed to incorporate the branch.
      Step-5

      Open Bank Account

      After the branch is incorporated we will organise your meeting with the bank. Bank will conduct its due diligence before opening the account
      Step-6

      Apply for Employment Pass

      After the branch is incorporated we will proceed for application of employment pass for 2 employees
      Contact Now