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Connection between Singapore Branch Office Vs Singapore Subsidiary Office Discussed by Rikvin
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Connection between Singapore Branch Office Vs Singapore Subsidiary Office Discussed by Rikvin

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Rikvin is a famous enterprise service provider proffering services such as work visa processing, aid in fulfilling with post-incorporation requirements, accounting, and IT services.

Rikvin is a famous enterprise service provider proffering services such as work visa processing, aid in fulfilling with post-incorporation requirements, accounting, and IT services.

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  • 1. Connection between Singapore Branch Office Vs Singapore Subsidiary Office Discussed by RikvinJuly 9, 2011 - As part of its expert specialism, Rikvin Services provides company incorporation services inSingapore for foreign investors and businesses. Two enterprise organisations that foreign businesses canselect to register in Singapore are branch office and subsidiary office.Rikvin conceived a page on its website a relationship on the branch office and subsidiary office inregistration, characteristics, and benefits.“One distinction that stands out between these two enterprise organisations is the lawful personality,”states Rikvin’s enterprise advisor, “only the subsidiary office is cloaked with a lawful character as itchases a private limited structure.”A Singapore subsidiary office presumes responsibility on its procedures. Its shareholders and directorsare not financially liable afar from what their paid shares in the company in case of malfunction.“The shareholders and directors will not be expressed to any lawful proceedings in relatives to theirenterprise. Instead, it is the business that deserves as the lawful party in a lawful proceeding by thecourt,” Rikvin adjoins.A Singapore branch office on the other hand, does not have its own legal reality. Thus, its parentcompany is accountable for the operations sustained by the branch office.Throughout registration, the subsidiary office chases the method and obligations of a private limitedcompany.Rikvin continues: “A subsidiary office desires to have a resident director, at least one shareholder, and asecretary. There should be a minimum paid-up capital worth S$1.”Meantime, in a branch office, the parent company will resolve the undertakings that its branch office inSingapore may embark on.“A branch office does not have its own Memorandum and Articles of Agreement. Its mother businessshall use its own Memorandum to name the branch office’s local directors, their respectiveresponsibilities, and business powers,” Rikvin’s enterprise consultant chimes.A subsidiary office issues its own Memorandum and Articles of Agreement calling its directors,shareholders, secretary, share capital, and enterprise address.Rikvin expands to clarify: “A branch office has two appointees renowned as agents who will support inthe management of the branch. The resident director directs a subsidiary office in its functions.”By obtaining work visas such as an employment pass, foreign nationals can be nominated as therepresentatives in a branch office and the resident director in a subsidiary office.
  • 2. Rikvin boasts nominee services such as a nominee office, and a nominee shareholder and a nomineedirector for conformity with statutory needs.When it comes to advantages, Rikvin quips: “A subsidiary relishes tax exemption for three yearsfollowing its incorporation in Singapore. A branch office, however, may furthermore relish taxinducements under the industry-specific tax inducement scheme.”Singapore is International investment Corporation’s easiest location to do enterprise for 5successiveyears. Rikvin is a famous enterprise service provider proffering services such as work visa processing, aidin fulfilling with post-incorporation requirements, accounting, and IT services.About the Publisher:Rikvin offers business solutions for either local and foreign investors or entrepreneurs. One of itsspecialties is Singapore Company Incorporation. The company has successfully help hundreds of foreignindividuals form a Singapore company. Rikvin has effectively facilitated both non-resident and residentfinanciers build business firms in Singapore. Incoming calls in our phones are answered by live personsand not by an answering machine. We recognize the importance of your time and we are aware thattechnology cannot replace a person most especially, when we need to make vital business moves.Rikvin PTE LTD20 Cecil Street, #14-01, Equity Plaza, Singapore 049705Main Lines: (65) 6438 8887Fax: (65) 6438 2436Email: info@rikvin.comWebsite: http://www.rikvin.com/