Representative Offices in Singapore

[AGIS]

Hello, question for anyone with experience of Representative Offices in Singapore. I am currently the head of my company's (very small) Representative Office here in Singapore and we have had the office going on three years now. The Rep Office renewal with IE Singapore should need to be done around June of this year. My question is, any experience on how many years IE Singapore will keep renewing the Rep Office before giving any problems? My company wants to keep its presence in Singapore but frankly is still hesitant to formally register a legal entity here (and all that entails with taxes, etc) because of the ongoing weak global financial situation. But I do not want to run into the issue of all of a sudden IE Singapore denying the renewal and having all kinds of problems with EPs, etc. Any experience anyone can share?

Thanks,

Patrick