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...
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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
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