The Singapore Business Federation in collaboration Janus
Corporate Solutions recently held a seminar on business
incorporation options for Representative Offices in Singapore that
are nearing the maximum 3-year period allowed for Representative
Offices.
SINGAPORE, Feb. 20, 2012 /PRNewswire-Asia/ -- On February 10,
Singapore Business Federation( http://www.sbf.org.sg ) (SBF)
in collaboration with Janus Corporate Solutions( http://www.guidemesingapore.com
) hosted a seminar on "Next Steps for Representative Offices" at
the SBF headquarters. The seminar was attended by top executives
and senior managers of 26 foreign companies with Representative
Offices in Singapore. The attendees came from a variety of
industries including manufacturing, transport, logistics, and
F&B. The event was part of SBFs and Janus's collaborative
efforts in positioning the country as an operational base for
foreign companies that want to enter or expand in the South East
Asian market.
Mr. Lauw Kok Keen, SBF Global-Asia Hub Dept. said that SBF is
organising the RO Briefing as part of its role in helping and
facilitating foreign companies to set up a base in Singapore in
order to expand into the Asian region.
Subsequent to the welcome address, attendees were given a
comprehensive presentation by the Janus Team headed by Ms.
Jacqueline Low, Director of Janus Corporate Solutions. The
presentation provided first-hand, relevant, practical, and
actionable information about the benefits, ease and process of
setting up a permanent establishment in Singapore. Participants
were briefed on the process for establishing a permanent presence
in the country by either setting up a Singapore subsidiary(
http://www.guidemesingapore.com/incorporation/foreign-company/singapore-subsidiary-registration-guide
) or a Singapore branch office( http://www.guidemesingapore.com/incorporation/foreign-company/singapore-branch-office-registration-guide
). The seminar covered several relevant topics including comparison
between the two options, their incorporation procedures, their
respective tax benefits, compliance requirements, and the Singapore
Employment Pass( http://www.guidemesingapore.com/relocation/work-pass/singapore-employment-pass-guide
) work visa scheme for the foreign staff.
Commenting on the timeliness of the seminar, Ms. Jacqueline Low
said, "With the ascendancy of Asia in the global economic order,
Singapore has been gaining prominence as a destination to do
business. This is the reason why many foreign companies have
established a Representative Office here. Since a Singapore
representative office( http://www.guidemesingapore.com/incorporation/foreign-company/singapore-representative-office-registration-guide
) is a temporary arrangement and can only exist for a maximum of
three years, we wanted the existing representative offices to gain
a good understanding about setting up a permanent establishment in
Singapore as the next logical step. As an incorporation and
compliance services firm, Janus is committed to helping businesses
establish and grow their presence in Singapore and we are pleased
to partner with SBF for this cause. We look forward to
collaborating on more such events with professional bodies such as
the SBF."
The seminar not only proved to be an invaluable platform where
participants received strategic guidance on how they can leverage
Singapore's strengths as a business destination but also helped
them engage in an active dialogue with Janus professionals to gain
clarity about setting up a permanent establishment in Singapore.
The event was very well received by the attendees who engaged in a
lively Q&A session at the conclusion of the seminar.
About Singapore Business Federation
The Singapore Business Federation is the apex business chamber that
champions the interests of the Singapore business community in
trade, investment and industrial relations. It represents more than
17,000 companies as well as the local and foreign business chambers
and key national and industry associations from business sectors
that contribute significantly to the Singapore economy. For more
information, visit http://www.sbf.org.sg.
About Janus Corporate Solutions
Janus Corporate Solutions Pte Ltd is a leading Singapore-based firm
that provides comprehensive and cost-effective Singapore company
formation, compliance, immigration, accounting and tax services to
businesses and entrepreneurs worldwide. For more information, visit
http://www.guidemesingapore.com.
SOURCE﹛Janus Corporate Solutions Pte Ltd