Entrepreneurialism Are you thinking about opening a business in Singapore 爸爸被查女儿哭求 善心汇涉嫌传销

Entrepreneurialism Are you thinking about opening a business in Singapore? Maybe you are not ready yet and wish to know more about the opportunities, markets, and business atmosphere of Singapore. A Singapore Representative Office may be a good option to consider. Opening a Representative Office in Singapore can give you the opportunity to promote your business and get to know local distributors and other agents. It can be a very good way to prepare your business for relocation. It is also a very good way to "test the waters". Maybe you are uncertain what to do. This may give you the chance to weigh all of the possibilities for your business. Main Features 1. It is designed for a short amount of time. The original setup is for three years. In addition, it must be renewed on an annual basis. 2. It is basically an extension of a foreign corporation for administrative purposes. It must also have the same name that the parent company has. 3. It cannot conduct business such as selling goods or services, so there is no need to file taxes. However, employees and staff must claim their income for tax purposes. 4. A Singapore Representative Office may lease office space. However, it may not lease warehouse space for business. 5. Importing and exporting must be confined to things like product samples. 6. There must not be a large amount of employees, only staff for the administration office. 7. It does not need to file audits and hold annual meetings as a corporation does. Benefits of a Representative Office in Singapore 1. It gives you (as a foreign business) the chance to check out the business environment and markets, without investing a great deal of time, money, and effort. 2. It is a very good way to promote your business. You can also conduct research into the market and local economy. 3. You can have the opportunity to form business relationships with necessary contacts like suppliers and distributors. Drawbacks 1. The setup can only be for three years. After that time you must register as a subsidiary or a branch office. After three years, you can no longer run a Representative Office in Singapore. 2. You cannot conduct any type of business. This includes anything that generates revenue for your company. 3. Your office will not be a separate entity. Therefore the parent company is liable and responsible for any and all actions of the office. This includes any debts that it acquires. Registering Your Singapore Representative Office It is not difficult to register. Banking concerns need to register with the MAS, also called the Monetary Authority of Singapore. Others will need to register with the IE, or International Enterprise of Singapore. As long as you meet the guidelines, there should be little problem. Summary There are reasons that you may wish to register a Singapore Representative Office. It gives you the chance to check out the entire business environment. You can also form and establish important business contacts and promote your business. When you register, it is similar to a branch office of a parent company. However, you will only have administrative power. You may not conduct any business like selling or shipping. It is not hard to register this type of business. About the Author: 相关的主题文章: