Asiabizservices Provides Singapore Branch Office Setup

Asiabizservices Provides Singapore Branch Office Setup Businessmen of small and medium scale enterprises use a Singapore branch office as a vehicle to increase their productivity level, and thus, raise their competitiveness as well. In Singapore, doing... More

Asiabizservices Provides Singapore Branch Office Setup Businessmen of small and medium scale enterprises use a Singapore branch office as a vehicle to increase their productivity level, and thus, raise their competitiveness as well. In Singapore, doing business through a branch office involves procurement by the foreign corporation of a license to operate a business in the citystate. “However, unlike its mother company offshore, the branch office is not veiled with a separate juridical personality, but merely acts as its extension,” differentiates Raj Beng, a business solution specialist connected with Asiabiz. . That extension position renders its parent corporation liable for all obligations and accountability the branch office may incur. From a tax point of view, a branch office of a non-resident company is not eligible for tax exemptions accorded to newly incorporate tax residents. Nonetheless, a branch office is an ideal avenue to pursue low-risk projects. Raj Beng resumes r Less