Foreign companies interested in exploring potential business opportunities in Singapore may set up a Representative Office (RO) before committing to a business venture. It allows a foreign entity to assess the business environment in Singapore before deciding to set up a permanent establishment. A RO is a temporary set-up with no legal status. May 23,  · A foreign company that wishes to establish an RO in Singapore: Have incurred a sales turnover of more than US$, (S$,). Furthermore, the RO must appoint a Chief Representative Officer (CRO) who will relocate from the parent company’s head office to Singapore and oversee the RO’s activities. Sep 19,  · Things You Need to Register. Foreign companies that wish to set up a Representative Office in Singapore will have to tick the following checkboxes: Have a Sales Turnover of at least US$, Must be established for a minimum duration of 3 years. Maintain the proposed number of staff within 5 people.

A guide to Singapore rep office

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Oct 24,  · To apply for a representative office in Singapore, foreign entities must have a sales turnover exceeding US$, and must have been established for 3 years or more. The proposed number of staff for the representative office should also not exceed 5 people. Once a license is issued, representative offices are subject to the following terms. A key point to note is that a representative office is not allowed to engage in any business activity except market research and liaisoning activities. Two ways in which a foreign company may conduct business in Singapore are by registering a branch office or setting up a limited liability company (i.e. subsidiary company). A valid REP is necessary whenever a permanent resident (PR) travels out of Singapore. The REP allows you to retain your permanent residence status while away from Singapore. If you leave Singapore or remain overseas without a valid REP, you will lose your permanent residence status. You will be assessed for entry into Singapore as a foreign.

Upon successful registration, a Singapore representative office can open a bank account in any of the several international and local banks in Singapore. The account opening procedure can vary across banks. The timeline for opening a bank account, upon submitting all the required documents, can vary between working days. Foreign companies wanting to establish representative offices in Singapore are also subject to certain conditions. Among these: the foreign company’s sales turnover must amount to over , S$; - the foreign company must have been registered for at least three years; - the representative office must have five employees at most in Singapore;5/5(1). A Singapore representative office is a liaison office and does not hold any status in law. Representative Office cannot perform any business activities that have profit yielding nature. The process of opening a representative office for finance industries is quite elaborative. For various other industries, the Representative Office approval.

Foreign companies wanting to establish representative offices in Singapore are also subject to certain conditions. Among these: the foreign company’s sales turnover must amount to over , S$; - the foreign company must have been registered for at least three years; - the representative office must have five employees at most in Singapore;5/5(1).: Rep office singapore