Rajah & Tann Singapore recently contributed a Practice Note titled “Establishing a Business Presence in Singapore” to the Global Practice Areas section of Practical Law Global (Thomson Reuters). The Global Practice Areas provide individuals working or advising on cross-border matters with the tools and resources they need to work confidently across multiple jurisdictions.
Authored by Abdul Jabbar (Head, Corporate and Transactional Group), Desmond Wee (Head, Corporate Commercial and Employment & Benefits), Vikna Rajah (Head, Tax) and Khairil Suhairee, the Practice Note discusses the options available for a foreign company intending to establish a business presence in Singapore, including incorporating a subsidiary, establishing a branch or representative office. It outlines the key features of these types of entities, the requirements to incorporate or establish them, employment matters, and the applicable tax regime.
The Practice Note also sets out other options through which a foreign company can enter the market, such as appointing an agent, a distributor or a franchisee, or setting up a joint venture. It is highlighted that the business structure or direction that a foreign company has to take depends on various factors including the type of activities that it wants to conduct in Singapore.
The full Practice Note can be read here.
The Practice Note is reproduced from Practical Law with the permission of the publishers. For further information, visit www.practicallaw.com
