Malaysia Hotline: +603- 2141 8908
A Representative
Office provides a foreign company interested in establishing operation in
Singapore an avenue to assess business opportunities in Singapore market. It is
also ideal for a foreign company that is interested in promoting its brand and
to work with its local agents and distributors. It is a short-term setup (for
up to three years), and it is not permitted to engage in commercial
revenue-generating activities such as concluding contracts and opening of
Letter of Credit.
Taxation of Singapore Representative Office
A Singapore
Representative Office cannot engage in commercial revenue-generating
activities, and therefore need not file for annual tax returns. However, income
earned by the staff of the Representative Office including the Chief
Representative is subject to Singapore personal income tax.
Singapore Representative Office Registration Requirements
- Sales Turnover of
the foreign entity must be > US$250,000
- No. of years of
establishment of the foreign entity must be > 3 years
- Proposed No. of
staff for RO should be < 5 people
What you need to know before representative office setup
Name: The Representative Office name must be the same as the
parent company.
Shareholders: The parent company must own 100% of the
Representative Office.
Chief Representative: Singapore Representative Office must
have at least one representative who can be Singapore resident or foreigner
staff member.
Registered Address: Every business
registered in Singapore is required to have a registered office address. The
registered address must be a physical address and cannot be a PO Box. Use of
residential address is allowed for certain types of business.
Opening of a Corporate Bank Account
Once the Representative Office has been incorporated, you
may open a corporate bank account with any of the local or international banks
based in Singapore, and in some cases, overseas.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my