Business There are three unique types of Singapore company that have been specifically created for foreign entrepreneurs and business entities planning to have a presence in the country: a subsidiary company, branch office, and representative office. These are the basic differences between these business entities for foreign entrepreneurs and investors: 1. Subsidiary Company This is probably the most ideal business entity for foreign companies planning to form a Singapore company or expand their presence in the country. This is because this formation provides countless of benefits especially when it comes to tax incentives and limited liability. As a separate legal entity from its parent company, a subsidiary company may have a different name and is allowed to conduct any business activities in the country as long as these are legal. A foreign company with a subsidiary company enjoys a limited liability, an arrangement in which it is not liable for any losses, liabilities, and debts of its Singapore auxiliary business. And because a subsidiary company is incorporated in Singapore, it also enjoys local tax benefits even if it is 100 percent owned by foreign businessmen and entities. However, this business setup is required to appoint at least one resident director who may be a Singaporean citizen or holder of EntrePass, Employment Pass, or Permanent Residence Status. Meawhile, a subsidiary company may have one to 50 shareholders who may be a foreign or local individual or another business entity. For more info. follow link: 2. Branch Office A branch office, being an extension of its business headquarter, is only allowed to conduct activities performed by its parent company. Unlike a subsidiary company, a branch office is not provided with local tax benefits since it is treated as a legal extension of its parent company. And with this arrangement, the headquarter is directly liable for all the losses, debts, and liabilities of its Singapore branch office. Meanwhile, it is a legal requirement for a branch office to hire two Singaporean resident agents who will oversee its business operation. When it comes to government-imposed disclosure requirements, this business entity may not be appealing for some shareholders since they are also required to submit the audited accounts of their parent company. For more info. follow link: 3. Representative Office Legally speaking, a representative office is not really a business entity as it is not allowed to engage in any revenue-generating activities. A representative office is generally ideal for foreign companies who are not yet sure of the business viability of their services or goods in Singapore and want to conduct an extensive market research before engaging in a full-blown operation. For more info. follow link: About the Author: By: Chintan Shah – Nita Ambani was the driving force behind Anant Ambani’s drastic transformation and incredible weight loss. By: Ranjan kumar – Language Consultancy Services is a Professional translation services company providing general and technical document translation, Voice Over Services, Translation Services, Languages Translation Services. By: smartweb – The voice over services online provided by National Voice Talent, Tony Pasquale. Check out a few demos here or head over to the demo page. By: smartweb – The voice over services online provided by National Voice Talent, Tony Pasquale. Check out a few demos here or head over to the demo page.Tony Pasquale is fortunate to be that final piece for a production team; adding the professional voice to all thei … By: GoodContent – We extend powerful payment solutions for all payment types and processing environments, ensuring that your business, whatever the size, remains well connected By: vikram kumar – In the contemporary world, the service sector becomes a major issue in the economy, as well as, a very useful business opportunity and already established as an important part of the life of an individual and also for the society, in general By: businesssolution93 – We provide Accounting assignment help and Accounting homework help services to the students by the best online Accounting experts. Assignment help is a kind of service where we provide students with the assignment solution in the best possible manner a … By: Peggy Hutchison – A locksmith is a professional who quickly becomes indispensable. For example, if you find your keys are locked in your house, suddenly a locksmith will become your most needed ally. In order to be prepared for such a situation, read this article … By: Peggy Hutchison – Though you may not have thought about the subject at great length, the task of hiring a locksmith does require a bit of knowledge. The key is to spend sufficient time studying the the topic in advance so that you do not get caught in a panic sit … By: Peggy Hutchison – How do I find a locksmith who is good at what he does? Are there tips and tricks which can help me narrow my choices, or find some options in the first place? This article has the answers you seek when you need to find a great locksmith quickly. … 相关的主题文章: