Singapore Branch Office Registration Package #SGBO3- Branch Registration plus Nominee Local Representative plus Registered Office plus CorpPass plus Employment Pass -- Singapore Company -- kaizen
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Singapore Branch Office Registration Package #SGBO3- Branch Registration plus Nominee Local Representative plus Registered Office plus CorpPass plus Employment Pass

Singapore Branch Office Registration Package #SGBO3
Branch Registration plus Nominee Local Representative
plus Registered Office plus CorpPass plus Employment Pass


This package (SGBO3) is
suitable for foreign companies that wish to register a branch office in Singapore and plan to send someone from head office to work in Singapore office.

Our fee for handling the registration of branch office in Singapore for a foreign company is SGD3,600. Our fee covers our professional service for the registration of the branch, provision of a local resident to act as the local representative to satisfy the statutory registration requirement for two (2) months, the provision of registered office for one (1) year, application for an Employment Pass (“EP? for the expatriate who you will send to work in your Singapore branch office, application for the CorpPass account and maintenance of the CorpPass account for one (1) year.

The materials required for the registration of a branch office in Singapore include the corporate documents of the foreign company, such as the Certificate of Incorporation, profile, Memorandum and Articles of Association/bylaws, Register of Members and Register of Directors, a copy of latest audited financial statements of the foreign company and other relevant due diligence documents.

Normally, a branch office in Singapore can be registered within five (5) working days, provided that the name of the branch office does not require approval. The application for EP will take three (3) to five (5) weeks.

Certain business activities in Singapore require special licence or permit other than the registration with ACRA, such as travelling agency business, wholesaling and retailing of liquor products, money lender business, education center business and financial service business. Kaizen can assist your Singapore branch office to apply for these licences and permits. Fees will be quoted upon request.

1.
Singapore Branch Registration Package #SGBO3 - Services and Fees

Our fee for handling the registration of a branch office in Singapore for a foreign company is SGD3,600. In particular, our fees cover the following services:

(1)
Branch Office Registration

(a) Name availability search and reservation;
(b) Preparation of registration documents;
(c) Registration with Accounting and Corporate Regulatory Authority of Singapore (“ACRA?;
(d) Electronic Certificate of Registration and profile extract from ACRA; and
(e) Preparation of corporate kit, including branch office rubber stamps and incorporation documents.


(2)
Provision of a Nominee Local Representative

We will provide one (1) local Singapore resident to act as the local representative to meet the registration requirements of your branch office in Singapore. The term of service is two (2) months, which is the estimated time for your expatriate to successfully obtain the EP in Singapore. Once your foreign expatriate receives his/her EP, we will prepare the termination of our local representative service and appoint the expatriate as the local representative of your branch.


(3)
Registered Office Address

We will provide a local Singapore street address for the purpose of registering your Singapore branch office. Fees for registered office is charged and collected on a yearly basis. When Kaizen receives mails from the government and bank, we will forward them to the address designated by you once a month. Postage will be charged separately.


(4)
Employment Pass Application

Kaizen will provide assistance to apply EP with Ministry of Manpower (“MOM? for an applicant, the service includes preparation and submission of EP application form, liaising with and submitting the supporting documents requested by MOM, assisting to apply and collect EP card once the EP application is approved by MOM.

The processing time for EP application is around three (3) to five (5) weeks from the date of submission. The processing time for EP appeal is at least six (6) weeks from the date of submission.

Our EP application service is limited to providing assistance, including preparation and submission of the documents required by the MOM. It is the sole discretion of MOM to decide whether to approve the application. Kaizen cannot guarantee the application will be successful. Kaizen does not assume any responsibility and no payment will be refunded should such an application being rejected by the MOM.


(5)
Application for CorpPass Account

CorpPass is a corporate digital identity issued by the Singapore Government and is used to login to various websites maintained by the Singapore Government. For example, the CorpPass is used to login to the website maintained by ACRA for filing of various corporate documents. Once your branch office is duly registered, we will help to apply for a CorpPass account on your behalf and maintaining the account for you for one (1) year.


Note:

(1)
While we are providing the nominee local representative service, we will collect a refundable security deposit of SGD600 from you. The security deposit will be fully refunded when you no longer need our nominee representative service.

(2)
The fee quoted above cover our professional service fees and government fee for registration, but exclusive of courier charge, if any.

2.
Time of Billing and Payment Methods

We currently only accept Singapore and US Dollar check, cash or TT and credit card payment through PayPal. If payment is settled through PayPal, extra 5% services fee will be charged. Upon receipt of your order, we will issue and send an invoice to you for your settlement. Because of the nature of service, we require full payment in advance. And once service is commenced, fees will not be refunded.

If China or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged.

3. Basic Structure of Singapore Branch Office

(1)
The name of the Branch office must correspond to the name of the foreign company;
(2)
A Singapore branch office must appoint at least one (1) local representative who is ordinarily a resident in Singapore i.e. a Singapore citizen, a permanent resident, or a foreigner who has been issued an EP (this package already includes the provision of local representative for two (2) months);
(3)
A Singapore branch office must have a registered office located in Singapore (this package already includes the provision of registered office for one (1) year).

4.
Singapore Branch Office Registration Procedures

The registration of a branch office in Singapore can be completed within five (5) working days. The EP application will take three (3) to five (5) weeks. The whole process will therefore take around four (4) to six (6) weeks. The procedures and time frame are shown in the table below.

No.


Description


Time


(Day)


1


Once you decided to proceed to register your branch office in Singapore and confirm your engagement with Kaizen, we will email our registration order form for your completion. At the same time, you should prepare and deliver to us the documents and information listed in Section 5. Our service fee should be paid at the same time.


Client’s schedule


2


We will assist to check the availability of the proposed branch office name, if the name is available for use, we will assist to reserve it with ACRA. Upon receipt of the necessary documents and information from you, we will prepare the necessary registration document and send to you for signing. You can also arrange to sign the documents at any of our offices.


1 - 2


3


Upon receipt of the signed registration documents from you, we will proceed to submit the branch office registration with ACRA. Upon approval, the branch office will receive a notice of incorporation and business profile from ACRA.


2 - 3


4


After registration is completed, we will submit the necessary application form and supporting documents to MOM for EP application.


1 - 3


5


MOM will notify the branch office on the outcome of EP application in three (3) to five (5) weeks and issue an In-Principal Approval (IPA) Letter to the applicant, if approved.


21 - 35


6


Kaizen will arrange the appointment with Employment Pass Services Centre (“EPSC? for the EP holder’s fingerprint and photo registration.


1


7


EP holder visits the EPSC for fingerprint and photo registration.


Client’s schedule


8


Upon registration, MOM will deliver the EP card to our Singapore Kaizen office in four (4) to five (5) working days, Kaizen will inform the applicant to collect it at our office. 


4 ?5


9


Concurrently, Kaizen proceeds to apply for the CorpPass account for your Singapore branch.


1



Note: The time frame stated above is estimated based on the assumption that no licence or permit or approval from any government department is required.

5. Materials Required for Registration of Singapore Branch Office

Client needs to provide the following documents and information to Kaizen by email or fax or post for purpose of registration of branch office and application for EP:
(1)
A certified true copy (“CTC?* of the foreign company’s Certificate of Incorporation;
(2)
A CTC* of Memorandum and Articles of Association (M&A) or bylaws or document of a similar nature, if any, of the foreign company;
(3)
A CTC** of Register of Members and Register of Directors or official documents listing the particulars of the shareholders and directors of the foreign company;
(4)
The Memorandum of Appointment and details of at least one person residing in Singapore and acting as the representatives of the Singapore branch office and stating the power of the local representative, duly signed by the director(s) of the foreign company in front of a Notary Public;
(5)
One original CTC** of passport (or copy of NRIC of Singapore citizen or permanent resident) and one original or CTC** of latest residential address proof (issued within the last 3 months such as utility bill or telephone bill or bank statement) in respect of each shareholder of foreign company; if shareholder is another corporation, please provide one original CTC** of Certificate of Incorporation, Certificate of Incumbency, Constitution, Profile, Register of members and directors;
(6)
One original CTC** of passport (or copy of NRIC of Singapore citizen or permanent resident) and one original or CTC** of latest residential address proof (issued with the last 3 months such as utility bill or telephone bill or Bank Statement) in respect of each director of foreign company;
(7)
Basic background information of the foreign company, such as the principal business activities, the products to be traded or services to be provided, the location of suppliers and customers and the branch office’s expected turnover of the first year etc;
(8)
Foreign company’s business proof such as service contract, sales and purchase contract or brochure or any other documents of similar nature;
(9)
A copy of the latest audited financial statements of the foreign company, if any;
(10)
Copy of EP applicant’s resume which contains the detailed working experience for the past 10 years;
(11)
Copy of EP applicant’s passport and educational certificates (Bachelor and Master Degree, if any) in English or officially translated in English;
(12)
Copy of reference letter or testimonial (in English) (if any) issued for EP applicant;
(13)
Tenancy agreement of the Singapore office; and
(14)
Employment contract with detailed job description between the branch office and the EP applicant.

*Note:
  • The documents must be certified as true copy by the official that hold office corresponding to that of a Registrar of Companies in the Country of Incorporation; and
  • If the documents are not written in the English language, an English translated copy should be prepared.

*Note:
  • The documents must be certified as true copy by a Notary Public, Lawyer, Certified Public Accountant or our Kaizen staff; and
  • If the documents are not written in the English language, an English translated copy should be prepared.

6.
Registration Certificates and Documents

After the registration is completed, we will hand over the following registration certificate and documents to client:
(1)   Copy of Notice of Incorporation and Business Profile;
(2)   Copy of statutory registers; and
(3)   Two (2) branch office rubber stamps.

7. Annual Maintenance

After the branch is officially registered in Singapore, it is required to comply with the maintenance requirements such as updating books of accounts, auditing of financial statements, filing of GST return and/or profits tax return. Kaizen’s office in Singapore is also a licenced public accounting firm in Singapore and is equipped with experienced professionals to handle the accounting, auditing and taxation for your Singapore branch office. Please feel free to contact our professional accountants for detailed information and fees.



If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:

Email: info@kaizencpa.com,  enquiries@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa

Download:
Singapore Branch Office Registration Package #SGBO3 Branch Registration plus Nominee Local Representative plus Registered Office plus CorpPass plus Employment Pass[PDF]


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