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What are the Different Types of Singapore Business Startup,[url=http://www.tinfoti.com]Christian Louboutin Outlet[/url]?
There are three types of Singapore business startup – subsidiary business, branch office and representative office. All these are applicable for foreign entrepreneurs. Inthe recent years Singapore has earned a reputation of being one of the bestbusiness centres in Asia. Such a fame is largely due to the pragmaticgovernment, major benefits and other tax benefits that foreign companies canenjoy in this country. The corporate laws in Singapore are quite businessfriendly. If you are looking for a Singaporebusiness startup then there are three viable options for you as a foreignentrepreneur. You may have a company abroad and want to setup business in thispromising nation. As Singapore business startup services providers will suggestthere are three business entities that any foreign business can adopt tooperate legally in Singapore these are: Singapore Subsidiary CompanyAsubsidiary business in Singapore is considered as a separate entity. It meansthe business is directly responsible for the losses and debts incurred. Theparent company is not brought into the equation. The company has to be locallyincorporated using services of Singaporebusiness startup providers. Despite the fact that it is owned by foreignentrepreneur, a subsidiary company can enjoy the same benefits as the localbusinesses and get tax exemptions. As aforeign company you should hire at least one director as per the legalrequirements of Accounting Corporate Regulatory Authority (ACRA). This directorshould be qualified and must be a local resident of Singapore or hold anEmployment Pass, Permanent Residence Status, EntrePass or have proof ofPermanent Residence Status. There is also need for a registered office where asubsidiary company will hold and store all Singapore mandated documents. Singapore Branch OfficeForminga branch office is similar to subsidiary company in many ways. Such businessesas per Singapore business startupnorms are allowed to do business through their main head office. There are somemore differences between these two types. Unlikea subsidiary company, here the parent company is directly responsible forliabilities, financial losses and other negative business circumstances of thebranch office. Here, the branch office is considered as an extension for theparent company. As the branch office is considered just as an extension ofparent company so you will not be able to enjoy the Singapore tax exemptionsand benefits which are provided to local companies. Singapore Representative OfficeOneof the major disadvantages of choosing Singapore representative office as aform of Singapore business startup isthat you cannot engage in any profit generating or other activities which areconsidered as commercial. Such businesses are not considered as a legal entity.Singapore Companies Act clearly mentions that such businesses can only performactivities directing local agents and distributors of parent company,performing market research on the various facets of business in Singapore andoffering other customer service activities which are not technical,[url=http://www.smislam.com/]Christian Louboutin Men[/url], repairingenquiries or negotiations. Singaporerepresentative office has to renew their permit annually and this can be donefor a maximum of three years. After this time frame the representative officehas to shift to a branch office or subsidiary company to maintain its existencein Singapore. Anyof the above mentioned Singaporebusiness startup processes can be taken up. But it is strongly advised thatyou take help from Singapore business startup service providers as they will beable to provide you best suggestions and help.