You will need 1 corporate shareholder and 2 Singapore resident agents. You will also need a Registered OfficeAddress in Singapore.
Singapore resident agents are “ordinarily” resident in Singapore. They can be Singapore citizens, permanent residents or holders of Employment Pass or Dependent Pass. If you are relocating two staff members to Singapore to run this Office, Rikvin can assist you to apply for their Employment Passes. They can then act as local agents for the Branch Office upon approval of their Employment Passes.
You can appoint as many additional local or foreign agents for your Singapore Branch Office. However, your agents must be at least 18 years of age, and must not be bankrupt or convicted for any criminal malpractice in the past.
The parent company’s Memorandum and Articles of Association must be lodged with ACRA. Memorandum specifies the activities in which the company may engage whereas the Articles of Association specifies the rules governing the internal management of the company.
The Singapore Companies Act does not permit foreign companies to self-register a Branch Office. Rikvin can set up your Branch Office in less than 24 hours if you have all required documents ready.
For a detailed breakdown of what you need to set up a Branch Office, please refer to our Branch Office Registration Guide.