Package BR-1: Singapore branch office + two nominee local agents on an ongoing basis
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.
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.
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 agent ( 2 Agents X 3000 SGD) Per year | 6000 SGD |
Total setup cost | 7800 SGD |
Refundable deposit for Nominee agents | 2000 SGD |
Total payment at the time of setup | 9800 SGD |
Recurring cost every year from year 2 onwards
Service charged | Amount |
Registered Office Facility (1 year) | 600 SGD |
ACRA compliance package (Secretary is not required for branch office) | 800 SGD |
Nominee local agents (2 X 3000 SGD) | 6000 SGD |
Total charges from year 2 | 7400 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 |
4 | Rubber Stamp |
5 | First board meeting minutes |
6 | All government fees and name reservation charges are included |
Following steps are involved in this process
Step-1 | Provide branch Incorporation DetailsProvide the scanned copies of documents and our forms with relevant details |
Step-2 | 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 |
Step-3 | 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. |
Step-4 | Branch incorporationAfter the documents are signed, we will proceed to incorporate the branch. |
Step-5 | 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 |