Representative Office Registration

Representative-Office-Registration

Our team of experts at SingaporeAudit.com.sg provides prudent Singapore Representative Office Registration Services. According to ACRA, initially the validity period of a representative office is one year with the provision of extension until 3 years.

If you are interested in assessing the business potential in Singapore and want to explore the opportunities prevailing in the country, then the ideal way would be to incorporate a representative office (RO) in Singapore. The main purpose of a representative office is to conduct administrative tasks such as market research and feasibility studies. It is not entitled to indulge in core business activities like generation of revenue for the parent company. It is a temporary setup with a validity of 1 year which can further be extended up to a maximum of 3 years.

Basic Facts of Singapore Representative Office

  • The name of the Singapore representative office should be the same as that of the parent company along with the inclusion of “Representative Office”.
  • A representative office can hire a maximum of 5 local employees as part of its support staff according to the guidelines of ACRA. In addition, it is mandatory to have a chief representative of the parent company, who should relocate to Singapore in order to keep track of the activities of RO.
  • ACRA has set the validity period of RO at 1 year initially, with the provision of extending it upto a maximum of 3 years.
  • Once the license of RO expires after 3 years, it should be converted into either subsidiary company or a branch office to continue its operations in Singapore.
  • For a foreign company to setup a representative office in Singapore, it shall be an established business house with an annual sales turnover in excess of S$250,000.

Documents Required for the Registration of RO

  • Incorporation certificate of the parent company
  • A duly filled application form for RO registration
  • Most recent audited accounts and annual reports of the parent company

Our Singapore Audit services includes new company setup in Singapore, that encompasses the registration of a representative office, getting the audited accounts and annual reports of your parent company ready, submission of the requisite documents and so on. Our attention to detail and professional expertise in relation to the business incorporation Singapore will ease your burden of company formation.

Please feel free to contact us on +65 6536 0036 or drop in an email at info@singaporeaudit.com.sg

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