Limited Liability Partnership

Limited Liabilities Partnership LLPs is a fairly new form business organisation which were introduced on 11 April 2005. It provides partnerships with the limited liability features of companies with the operational flexibility of partnerships.

Branches of Foreign Corporations

For foreign business organisations, it can commence operations in Singapore after it had registered with the ACRA. The following documents must be submitted:

• Copy of the corporation’s certificate of incorporation;
• Copy of its charter, statutes, or memorandum and articles of association;
• List of its directors and a list of its local directors, if applicable;
• Memorandum of appointment stating the names and addresses of two agents in Singapore, together with a statutory declaration verifying the execution of this memorandum;
• Statutory declaration by the agents; and
• Notice of the location of the corporation’s registered office in Singapore.

Within two months of its annual general meeting in the country of it incorporation, the corporation must forward to the Registry of Companies and Businesses a copy of its annual financial statement as well as an audited financial statement of its Singapore branch operations. It must also notify the Registry of Companies and Businesses of any change in its corporate data within one month of the occurrence of the change.

You may want to explore incorporating a subsidiary company instead of a branch office as a business organisation.