Guide to Registering a Branch Office in Singapore
Branch office is a special form of origination. It is not an independent legal entity (as in case of subsidiary company), instead it is a registration and recognition of foreign entity itself in Singapore. Since it is registration of foreign entity in Singapore, in this case the parent company, however, remains accountable for any legal and business obligations of the branch office and can be subjected to any legal proceedings lodged in Singapore’s courts of law.
Important Preliminary Requirements for Registration
The company name of the Singapore branch must be the same as that of the parent company. The nature of business of the branch office also must be same as that of parent entity.
The list of the branch’s officers must include two persons who are considered as legal residents in Singapore. These individuals can be a citizen of the Singapore, a permanent resident, or a foreigner with valid employment pass. All officers must be natural persons who are 18 years old or above. Staff members that will be relocated to the branch office can only secure an employment pass after the branch’s registration is completed
Constitution and Activities
The branch office will use the same Memorandum and Articles of Association of the parent company to outline its business activities, company structure, and shareholders.
A physical address in Singapore is needed to operate a branch office. The address, together with the company name, company origin, and pertinent information as required by Singapore Companies Act, must be included in all official correspondences.
Procedure and Timeline of Registration
Normally, name registration can be completed within one to two business days, once all requirements are submitted. As previously stated, the branch office will retain the name of the parent company. The only reasons why a company name cannot be approved are similarity to existing company operating in Singapore
Registration of Business Entity
Upon approval of the Singapore branch’s registration, the Company Registrar will notify all relevant parties via email. This email notification is honored in Singapore for other business transactions such as opening a bank account, signing an agreement to lease, and others. Hard copies of the approval can only be issued after the branch is officially registered and only upon submitting an application request.