Asiabizservices Provides Affordable Singapore Representative Office Setup 

A representative office is designed to allow foreign companies to conduct market researches and feasibility studies in another territory. In Singapore, it is allowed with three years of existence with annual renewal of registration.

by Ashley Varghese Thursday, April 14, 2011
Asiabiz provides seamless and innovative services to assist foreign companies and investors in their business needs. One of the preferable business entities among investors is the representative office. While its incorporation is relatively easy, it can be dragged on for a few days if the International Enterprises Singapore requires additional information.

“In incorporating a representative office, investors must prepare documents such as a certified copy of the Certificate of Incorporation, or registration of foreign company, a copy of the parent company’s latest annual report, and a copy of audited financial statements,” says Asiabiz’s business consultant.

A representative office is designed to allow foreign companies to conduct market researches and feasibility studies in another territory. In Singapore, it is allowed with three years of existence with annual renewal of registration.

“The representative office is an extension of a foreign parent company. Therefore, it has no separate legal personality. It also cannot engage in a trading and any other commercial activities,” remarks the female business consultant.

She adds: “It is not subject to taxation as well. However, its staff—since they are earning are obliged to file their income tax every 15th of April of each year for three years.”

“While the office can lease an office space, it cannot lease a warehouse. It also cannot open a Letter of Credit. Nor can it issue invoices and receipts,” she continues.

The only activities allowed are non-profit yielding, which includes initiating product sampling in a promotional campaign, reaching out with the local agents and distributors of the parent company, coordinate between the parent company and the agents, and liaise for the parent company.

“It can register for a Central Registration Number from Singapore Customs to allow the representative office to import and export product samples,” assures Asiabiz.

Comprising the staff of the representative are a few employees including the chief representative.

“By obtaining an Employment pass or any other types of Singapore work visas, foreign nationals can be appointed as the chief representative and be relocated to Singapore,” chimes Asiabiz.

As a business solutions creator, Asiabiz provides assistance to foreign companies, investors, and employees. After three years, a representative ought to develop into a company such as a subsidiary or branch. Asiabiz can help the investors in its registration.


About the Publisher:

Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more.

Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs incorporate a Singapore Company. It also provides chartered secretarial services.


For more information visit:

AsiaBizServices PTE LTD
Address: 120 Telok Ayer Street Singapore 068589
Phone: +6563034614
Email: sales@asiabizservices.com
Website: http://www.asiabizservices.com/

0    submitted by Ashley Varghese
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