Asiabiz Services Collaborates In Branch Office Registration And Obtaining Business Licenses

Asiabiz Services Collaborates In Branch Office Registration And Obtaining Business Licenses An extension of a parent company is deemed as a branch office. Any foreign companies can set up a branch office as an annex and use the latter as a vehicle to... More

Asiabiz Services Collaborates In Branch Office Registration And Obtaining Business Licenses An extension of a parent company is deemed as a branch office. Any foreign companies can set up a branch office as an annex and use the latter as a vehicle to attain business goals such as increasing profits in Singapore,. Foreign companies should engage the professional services of a firm like Asiabiz to help them comply with requirements especially in the registration of the business. Singapore does not allow foreign nationals to undertake legal transactions in its premises unless they are eligible by holding a Singapore Personal Access card. “A branch office does not maintain its own legal existence because it is only an extension. Thus, during accountability, the liability extends up to the foreign company,” says one of the business consultants of Asiabiz. Also, it cannot draft its own Memorandum and Articles of Association. It is the parent company’s that is lodged with ACRA upon reg Less