Asiabizservices Offers Nominee Agent Services
A branch office by a foreign company comprises of at least two agents appointed by the foreign parent
company and who shall be responsible for the office’s administrative duties.
When local authorities serve...
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Asiabizservices Offers Nominee Agent Services
A branch office by a foreign company comprises of at least two agents appointed by the foreign parent
company and who shall be responsible for the office’s administrative duties.
When local authorities serve
official notices to a branch, the agents are authorized to accept them.
As specified by the Singapore Companies Act, the agents shoulder the obligations of all matters relating to
the branch office.
In circumstances wherein they breached the laws or Acts in Singapore, these agents are
personally held liable and hence, required to comply with the penalties imposed upon the branch office.
Chi Han, a Singaporean business specialist connected with Asiabiz Services states that the agents must be
natural persons and not firms or any other entities.
Among their eligibility requirements are of legal age and
ordinary residence.
“Having an ordinary residence entails they are citizens or permanent residents of Singapore,” says Han,
adding th
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