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Setting Up A Registered Office/Branch

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Saint
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Setting Up A Registered Office/Branch

Postby Saint » Tue, 20 Jan 2009 8:01 pm

I hoping the elders of the forum can advise me and Mrs S

The History

Mrs S work for over 4 years for a company whilst in the UK. When we decided to return to Singapore she work for the same company as a freelance analyst specialising in the Asia markets.

Her CEO of the company has just had a call with Mrs S as they want to expand the Asia market further, there's plenty of work, and want to set up an office/branch in Singapore with Mrs S managing the regional office! A big move but not something we hadn't thought about.

What questions should we ask and what are the procedures to setting up an office. We will not have to put up any capital, Mrs S will be an employee of the company.

We're really after the usual mob to point out any pitfalls, any advise, what need to investigate, what the UK need to be made aware of, how to set up a local office of blah blah blah

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Strong Eagle
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Postby Strong Eagle » Tue, 20 Jan 2009 9:16 pm

So, if you set up a registered office, there are several things that you cannot do.

a) The office exists to represent your company. Therefore, it can show samples, assess business potential, and all that rot. But note that it cannot sell in Singapore.

b) If your intent is to do business then you will need a private limited. You can create a $2 company, with all stock owned by the home company. At least one director needs to be a Singapore citizen, PR, EP, or DP, so the missus might get to be a local director.

Setting up is simple... go to www.acra.gov.sg and see what it takes... about 30 minutes and 300 bux, if I recall.

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Saint
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Postby Saint » Fri, 23 Jan 2009 8:18 pm

Thanks SE as usual for your tip top advise!

We're still trying to work out the logistic of whether a branch office will suffice or if it's an advantage for the Asia contracts to be negotiated and signed here or UK, currently all done in UK.

Thanks again SE!


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