When foreign companies set up in Singapore, the two most commonly used company incorporation types are the branch office or subsidiary company. KG Tan of Precursor, one of Singapore's leading mid-tier accounting firms, provides a quick evaluation of the advantages and disadvantages of both options, outlining the key considerations, namely:
- Legal status and asset protection
- Type of activity to be conducted
- Financial reporting requirements
- Tax exemptions.
Read the full article: https://www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/singapore-branch-office-or-subsidiary/
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.