If you are a company registered anywhere around the world and not Singapore; and you are looking to explore Singapore Business Opportunities. You have reached the right place to answer all your questions. If you have more, you can always ask! Our team is here to support you.
Surely, if you are on the internet looking for answers, you already have certain objectives in mind for this. There are various options available to you based on these objectives.
- You can transfer your company’s existing registration and re-domicile your company in Singapore.
- You can set up a representative office here in Singapore with minimal workforce to explore Singapore markets and opportunities.
- You can set up a branch office in Singapore which will engage in business activities here and will be authorized to enter in business transactions and earn revenues on your behalf.
- You can also set up a wholly owned Singapore subsidiary, which will operate like a resident local company.
Whatever you choose to do, there are certain requirements you will need to meet as a foreign establishment looking to having a place of business in Singapore.
Most importantly, you will need to have a local Authorised Representative appointed for your Foreign Company Singapore Branch to represent you in Singapore. This could be a regular ordinary resident of Singapore, or we (as an Authorised licenced agency with the Accounting and Corporate Regulatory Authority (ACRA)) can act on your behalf subject to compliance approval.
If the authorized representative is
- An individual – then you must have a letter from the individual consenting to act as your authorized representative.
- An Authorised licenced agency – there must be a letter of contract appointing this licenced agency to represent you on your behalf.
You will need to register with the Accounting and Regulatory Authority (ACRA), with the following details:
- The name of the Company and its registered office address in the place and country of origin/domicile.
- A certified copy of the Company’s certificate of incorporation/registration from its domicile registration agency.
- A Certified true copy of the constitution/charter/ Memorandum & Articles of Association (M&AA) or its equivalent as filed with the relevant registering authority in the country of incorporation. If this document is not in the English Language, it must be translated by Notary Public or Translator who is duly admitted/sworn under foreign law e.g. official translation appointed by court; or Singapore Consular Officer in country of incorporation.
- A list of its existing directors with their particulars, and in respect of each director – his residential address.
- A notice stating the names, nationality and other identification particulars of one or more Authorised representatives resident in Singapore, who are Authorised to accept on the company’s behalf any notice that may be required to be served on the company.
- A statement by or on behalf of the company in the prescribed form validating that each of the Authorised Representatives have consented to act as Authorised Representatives who can be served notice on behalf of the company.
- A notice stating the address and business hours of its proposed registered office in Singapore.
- A notice in prescribed form giving the registration number, description of the business carried on by the company, type of company (legal form/entity) as registered in the original country of incorporation.
- Latest annual financial results – These must be the audited results in case the company is required file audited financial results in its country of domicile.
The Singapore Registrar will then, upon satisfaction with the above documents and on payment of the appropriate fee register your foreign company.
To understand which entity type is best for your market entry into Singapore, why not drop us a line. Our team of company formation specialists is here to answer all your questions.