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Branch Office vs Representative Office vs Subsidiary Company Comparison in Singapore

Branch_Office_vs_Representative_Office_vs_Subsidiary_Company_Comparison_in_Singapore

The friendly business environment of Singapore has prompted many foreign entrepreneurs to set up companies in Singapore. While you may be willing to relocate to this country in order to incorporate your business, the important question that you will have to deal with is which is the type of company that you would incorporate. There are 3 ways by which you can make your business presence felt in Singapore; by setting up a Branch office, a Subsidiary Company and a Representative office.

There are some differences in the operations of each of these three types of business setups. So, let us compare all the 3 types in detail, in order to throw more light on which type you want to prefer to incorporate a Singapore company.

Comparison of Singapore Branch, Subsidiary & Representative Office

Comparison Factors

Subsidiary Company

Branch Office

Representative Office

Company NameCan be similar or different from the parent companyHas to be same as that of the parent companyMust be the same as that of the parent company
Valid Up toOnce registered will last forever until closedOnce registered will last forever until closedAfter a maximum of 3 years validity it must be renewed every year
Legal StatusA separate legal entityAn extension of the parent company, not a separate entityA temporary setup of the parent company for administrative tasks.
LiabilityNot liable to the parent companyIt is liable to the parent companyIt is liable to the parent company
Registration Timeline1 to 2 days1 to 2 days3-5 days
Officers’ AppointmentNeed to appoint at least 1 local directorNeed to appoint at least 2 local agentsNeed to appoint a chief representative of the parent company
Staff EmploymentCan hire any number of local or foreign staffCan hire any number of local or foreign staffApart from the chief representative, a maximum of 5 employees can be hired
Activities PermittedCan be similar or different from the activities of the parent companyMust be the same as that of the activities of the parent companyCan conduct administrative tasks, market research and feasibility studies
Opening of Bank AccountMust open a corporate bank account in SingaporeMust open a corporate bank account in SingaporeCan open a bank account in Singapore funded by the parent company
Taxed UnderTaxed as a Singapore residentTaxed as a non-resident in SingaporeNot applicable as it does not involve in generating revenue
Annual Tax FilingNeed to file the accounts of the subsidiary company onlyNeed to file the accounts of both; the branch office in Singapore and its parent companyNot applicable
Audited AccountsMust submit the audited accounts to ACRA and IRASMust submit the audited accounts to ACRA and IRASNot applicable

Thus, the above table illustrates the specific differences that prevail in these 3 processes of registration of a Singapore company. In case you plan to incorporate a Singapore Company, we will assist you in the process and suggest you the suitable way of getting registered in the country as a business entity.

Please feel free to contact us on +65 6536 0036 or drop in an email at info@sbsgroup.com.sg

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