Package BR-2: Singapore branch office + Employment pass for two agents
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.
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.
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 cost||5200 SGD|
|Refundable deposit for Nominee agents||2000 SGD|
|Total payment at the time of setup||7200 SGD|
Recurring cost every year from year 2 onwards
|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 2||1400 SGD|
Branch office is registered on the same day you sign documents. After incorporation we will email below documents to you
|1||Electronic certificate of branch incorporation|
|2||Branch profile extract form Registrar of Companies (called ACRA Bizprofile)|
|3||Scanned copy of all incorporation documents you signed in our office|
This package price also includes following
|1||Free bank account opening with certain banks|
|5||First board meeting minutes|
|6||All government fees and name reservation charges are included|
Following steps are involved in this process
Provide branch Incorporation DetailsProvide the scanned copies of documents and our forms with relevant details
PaymentUpon 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
Prepare Incorporation DocumentsUpon 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.
Branch incorporationAfter the documents are signed, we will proceed to incorporate the branch.
Open Bank AccountAfter the branch is incorporated we will organise your meeting with the bank. Bank will conduct its due diligence before opening the account
Apply for Employment PassAfter the branch is incorporated we will proceed for application of employment pass for 2 employees