Registration of Foreign Company (Singapore Branch) in Singapore
Posted in Business in Singapore, Singapore Business Registration, Singapore Incorporation by Admin on August 14th, 2007A foreign company who wishes to start a business in Singapore, needs to register a Singapore branch office under the Singapore Company Act.
- The Singapore branch has to appoint 2 local agents in Singapore.
- The local agents must be ordinarily residents in Singapore i.e. Singapore Citizen, Singapore Permanent Resident, a person who has been issued an Employment Pass/Approval-In-Principle Letter/Dependant’s Pass.
- A foreigner can also act as a local agent of the Singapore branch if he has secured an Employment pass or approval-In-Principle letter from the Work Pass Division of the Ministry of Manpower (MOM).
- Any person above the age of 21 years may be appointed as an agent. However, some individuals e.g. bankrupt, with criminal records within or outside of Singapore, are disqualified from being agent.