Branch Registration

Branch Registration | Bestar

Branch Registration

Registering a branch of a foreign company in Singapore is a fairly straightforward process that can be done entirely online. Here's a quick rundown of the key steps:

Registration Authority:

The Accounting and Corporate Regulatory Authority (ACRA) is responsible for branch registration in Singapore.

Process:

1. Choose a Business Structure:  Branch registration is one option for foreign companies looking to operate in Singapore. There are other options such as setting up a subsidiary or representative office, so make sure a branch is the right structure for your needs.

2. Reserve a Branch Name: You can reserve a name for your branch online through ACRA's BizFile+ portal. There's a small fee for this.

3. Prepare Required Documents:  These typically include documents about your foreign company (certificate of incorporation, constitution, etc.), details of your directors, and information on your appointed authorized representative in Singapore https://www.bestar-sg.com/post/singapore-branch-office-registration.

4. Submit your Application via BizFile+:  The BizFile+ portal is the online platform for submitting your registration application. There are filing fees associated with the application.

Timeline:

Assuming everything goes smoothly, registration can be completed within 1-2 business days https://www.bestar-sg.com/post/singapore-branch-office-registration.

Additional Considerations:

• Foreign companies may need to engage a registered filing agent to assist with the process https://www.bestar-sg.com/post/singapore-branch-office-registration.

• You may need to apply for relevant licenses or permits to operate your branch depending on your industry.

Filing Fees

There are two main filing fees associated with registering a branch of a foreign company in Singapore:

1. Application Fee: This fee is S$15. You may need to pay a fee to reserve a branch name.

2. Registration Fee: This fee is S$300.

Total: S$315

For more detailed information, you can refer to the official ACRA guide on registering a branch of a foreign company.

How Bestar can Help

Bestar, an accounting firm, can assist you with registering your branch in Singapore in a few ways:

• Compliance and Guidance:  They can ensure your application adheres to all the legal requirements set by ACRA for branch registration https://www.bestar-sg.com/post/company-incorporation-faq. This includes filing the necessary paperwork accurately and on time.

• Process Efficiency:  Navigating the registration process can be complex, especially for foreign companies unfamiliar with Singaporean regulations. Bestar can streamline the process by handling the communication with ACRA and ensuring a smooth application experience.

• Time Savings:  By delegating the registration tasks to Bestar, you can free up your time and focus on other aspects of setting up your branch in Singapore.

• Expertise:  We have the experience and knowledge to handle any potential complications that may arise during the registration process.

Overall, Bestar can act as a valuable partner in ensuring your branch registration in Singapore is completed efficiently and correctly.

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