What is a Singapore branch?
A Singapore branch is considered an extension of the foreign company and not as a separate legal entity. Unlike a Singapore subsidiary, the parent company of a branch office entity is implicitly liable for all the debts and liabilities of the branch office.
How do I start a branch office in Singapore?
How to Set Up a Branch Office in Singapore
- Name and registered office of the foreign company in its place of incorporation.
- Certified copy of the foreign company’s certificate of incorporation.
- Certified copy of the foreign company’s constitution/charter/by-laws.
What is the meaning of branch office?
A branch office is a location, other than the main office, where a business is conducted. Most branch offices consist of smaller divisions of different aspects of the company such as human resources, marketing, and accounting.
What is the difference between branch and representative office?
The legal capacity of a representative office is limited to the representation and protection of the interests of the parent company. A representative office is not allowed to generate profit, while a branch office is allowed to perform certain activities of the parent company and may generate profits.
Is branch office a company?
A branch office is an outlet of a company or, more generally, an organization that – unlike a subsidiary – does not constitute a separate legal entity, while being physically separated from the organization’s main office.
Is a branch a company?
A branch company can be thought of as an extension of the parent company’s operations. The branch is a permanent establishment that is dependent on the parent company. As with any business structure, there are both advantages and disadvantages.
Can branch office enter into contracts?
These offices are not permitted to involve into activities such as entering into any contracts with Indian residents, borrowing funds, trading, etc. Project offices can be setup by the foreign companies which are awarded any contract by an Indian company. They are setup by the permission of RBI on specified conditions.
How do I setup a branch office?
How to register a branch office in India
- FNC form duly signed by AR;
- Information about the parent company along with its certificate of incorporation attested by a Notary Public or the Indian Embassy in the country of registration;
- The incorporation documents of the branch office to be established in India;
How do I run a branch office?
Might as Well Jump: Tips for Branch Office Success
- Operate the branch office as a profitable entity.
- Manage all office costs.
- Promote market awareness.
- Keep up-to-date on human resource issues.
- Understand what it takes to be a successful branch operation.
Is a branch office a legal entity?
A Branch is a more independent entity that conducts business in its own name but still acts on behalf of the company. A Branch is not legally separate from the foreign parent company and so is also subject to the local laws governing the foreign parent company.
What can a branch office do?
Permitted activities
- export or import of goods;
- rendering professional or consultancy services;
- research work;
- representing and acting as buying or selling agent for the parent company.
Is branch a separate legal entity?
A branch office is a considered an extension of the parent company and is not considered a separate legal entity. Hence, its liabilities extend to the parent company, meaning the parent company can be sued in Singapore.