Obtaining Business Licenses And Branch Office Registration Being Aid By Asiabiz Services

Obtaining Business Licenses And Branch Office Registration Being Aid By Asiabiz Services A branch office is deemed as an extension of a parent company. In Singapore, any foreign companies can set up a branch office as an annex and use the latter as a... More

Obtaining Business Licenses And Branch Office Registration Being Aid By Asiabiz Services A branch office is deemed as an extension of a parent company. In Singapore, any foreign companies can set up a branch office as an annex and use the latter as a vehicle to attain business goals such as increasing profits. Foreign companies should engage the professional services of a firm like Asiabiz to help them comply with requirements especially in the registration of the business. Singapore does not allow foreign nationals to undertake legal transactions in its premises unless they are eligible by holding a Singapore Personal Access card. “A branch office does not maintain its own legal existence because it is only an extension. Thus, during accountability, the liability extends up to the foreign company,” says one of the business consultants of Asiabiz. Also, it cannot draft its own Memorandum and Articles of Association. It is the parent company’s that is lodged with ACRA upon regist Less