So sánh giữa Subsidiary Company – Representative Office – Branch Office

So sánh giữa Công ty con – Văn phòng đại diện – Chi nhánh tại Singapore

Loại hình

Subsidiary Company

(Công ty con)

Representative Office

(Văn phòng đại diện)

Branch Office

(Chi nhánh)

Entity Name Need not be the same as parent company Must be the same as parent company Must be the same as the parent company
Allowed Activities Can conduct all business activities Can only conduct market research or coordinating activities Must be the same as the parent company
Suitable For For local or Foreign Companies that wish to expand their operations in Singapore For Foreign Companies that wish to set up temporary vehicle in Singapore to conduct research and act as liaison office For Foreign Companies thay wish to expand their operations in Singapore
Disadvantages Continuing Compliance Obligations eg Financial Reports, Audit, AGMS, etc It is a temporary vehicle and cannot generate revenue Continuing Compliance Obligations eg Financial Reports, Audit etc
Ownership Can be 100% foreign or locally owned No Ownership Owned 100% by the head office
Separate Legal Entity Yes No No
Cap on Number of Members Yes, max 50 Not Applicable Not Applicable
Minimum Setting up Requirement Min One shareholder, that can be an Individual or corporate (100% local or foreign shareholding allowed. Must have at least one resident director Must appoint a Chief Representative who will relocate from headquarters Must have two Singapore Resident Agents
Limited Liability Yes No No
Need for Audited Accounts Yes No Yes
Filing of Accounts with ACRA and IRAS Yes No Yes
Annual Filing Must file audit report of subsidiary Not Applicable Must file branch office’s as well as parent company’s audit reports
Tax Treatment Taxed as Singapore resident entity, local tax benefits available Not Applicable Taxed as non-resident entity, local tax benefits not available
Tax Benefits A subsidiary company, with at least one individual shareholder with minimum of 10 percent shareholding, is entitled to local tax incentives and rebates No Corporate tax. Employees have to pay personal tax Partial tax exemption
Cessation of Business upon Death of a Member/Partner No. Equity shares go on in perpetuity Not Applicable No
Validity Period Perpetually until deregistered This is a temporary Setup. It is intended not to last more than 3 years Perpetually until deregistered
Normal Registration Time 3 hours 3-5 days 3 hours
Appointment of Officers Must appoint at least one local resident director Must appoint a Chief Representative who will relocate from headquarters Must appoint two resident agents
Governing Body ACRA & IRAS International Enterprise Singapore ACRA & IRAS