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Registration of a Branch Office in Singapore

A Singapore branch office is one of the options open to a foreign company to register in Singapore. A Singapore branch does not have legal status autonomous from its parent and, as a result, the parent is responsible for the liabilities of the branch and can be sued in Singapore.  The branch is considered to be an extension of the parent company and its name and activity cannot differ from that of its parent.

A Singapore branch is not considered to be tax resident in Singapore, as the management and control is exercised from outside the jurisdiction. As a result, tax exemptions applicable to resident companies, will not apply to a Singapore branch office.

The Companies Act provides that a branch must be registered with the Accounting and Corporate Regulatory Authority (ACRA) upon receiving name approval.  A branch of a foreign company must appoint two local agents to act on its behalf. The agents must be Singapore resident, that is, either citizens or permanent residents or foreigners with employment or dependant passes.

Registration must be submitted online via Bizfile by a professional services company such as Rosemont. Government approval is generally not required for foreign entities to do business in Singapore, though, banks and other financial regulated institutions wishing to do business do require approval from the Monetary Authority of Singapore (MAS).

Any further inquiries, please contact us.