Tag Archive | Singapore

Singapore Company for Foreign Entrepreneurs and Business Entities

There are three business arrangements in Singapore that have been specifically created for foreign entrepreneurs and business entities planning to have a presence in the country: a subsidiary company, branch office, and representative office.

These are the basic differences between these business entities for foreign entrepreneurs and investors:

1. Subsidiary company

This is probably the most ideal business entity for foreign companies planning to form a Singapore company or expand their presence in the country. This is because this formation provides countless of benefits especially when it comes to tax incentives and limited liability.

As a separate legal entity from its parent company, a subsidiary company may have a different name and is allowed to conduct any business activities in the country as long as these are legal.

A foreign company with a subsidiary company enjoys a limited liability, an arrangement in which it is not liable for any losses, liabilities, and debts of its Singapore auxiliary business.

And because a subsidiary company is incorporated in Singapore, it also enjoys local tax benefits even if it is 100 percent owned by foreign businessmen and entities.

However, this business setup is required to appoint at least one resident director who may be a Singaporean citizen or holder of EntrePass, Employment Pass, or Permanent Residence Status.
Meawhile, a subsidiary company may have one to 50 shareholders who may be a foreign or local individual or another business entity. To know more abour subsiday company follow this link:

2. Branch office

A branch office, being an extension of its business headquarter, is only allowed to conduct activities performed by its parent company.

Unlike a subsidiary company, a branch office is not provided with local tax benefits since it is treated as a legal extension of its parent company. And with this arrangement, the headquarter is directly liable for all the losses, debts, and liabilities of its Singapore branch office.

Meanwhile, it is a legal requirement for a branch office to hire two Singaporean resident agents who will oversee its business operation.

When it comes to government-imposed disclosure requirements, this business entity may not be appealing for some shareholders since they are also required to submit the audited accounts of their parent company. To know more about branch office, follow this link:

3. Representative office

Legally speaking, a representative office is not really a business entity as it is not allowed to engage in any revenue-generating activities.

A representative office is generally ideal for foreign companies who are not yet sure of the business viability of their services or goods in Singapore and want to conduct an extensive market research before engaging in a full-blown operation. To know more about representative office, follow this link:

Breeze Banking Is Better Banking

Saying yes to Breeze is to invite into your life a rich and modern way to perform your banking. Whether you want to pay your credit card bill, transfer money from one account to another, write a cheque or send money to your daughter for her birthday you can do all of this in a jiffy thanks to the creation of the Standard Chartered Bank’s Breeze.

If you want to start a wish list, keep track of your spending, save for a rainy day or find out where the closest ATM is to wherever you are at the present time then this can all be done through Breeze, the chic and up-to-date online banking platform from the Standard Chartered Bank in Singapore.

Whether you choose to deal with a traditional brick-and-mortar bank but do some of your banking online or whether you choose a web-only bank that has no branches in the real world online banking allows you to connect to your financial institution by way of the Internet. Once you have signed into your account you can perform any number of functions.

You can view the transaction record of any of your accounts (whether you have one account or five), your can transfer money from one account to another and you can pay your bills online. You can also view images of checks that have been put through as well as print copies of the checks for your records.

Online banking is the wave of the future. It is less time consuming for the customer and takes the paper element of traditional banking out of the equation. If you are a Standard Chartered Bank customer then you are in for a treat in this regard! Stan Chart has developed Breeze which is a modern new generation online banking platform that is set to revolutionize the way mobile banking is done!

What is the Breeze by Standard Chartered exactly? It is, as previously mentioned, a whole new way to do internet banking that is designed to make banking as simple and as elementary as it could possibly be. If you have ever thought that it would be so great if banking was a breeze then you got your wish. With the new Breeze from the Standard Chartered Bank it really can be a total breeze!

There is no denying that Breeze is a different type of mobile banking application than what other banks have introduced to the public. For one thing, it has embodied what consumers actually want from a system such as this. To date, Breeze has been well received and according to some of the top researchers in the world, it is expected that more than 150 million people will be using mobile banking by the end of 2011. With the design of Breeze, it is also anticipated that a large number of people will choose this application over others.