What is the difference between a Singapore Subsidiary Company and a Branch Office?
A subsidiary company is usually preferred for the following reasons:
- A branch is an extension of its head office and is not a separate entity.
- A branch is required to appoint at least 2 agents who are residents of in Singapore.
- A branch is treated as a non-resident entity and is therefore not eligible for tax exemptions or incentives that a subsidiary company (which is considered a resident entity) may be entitled to.
- A branch is required to file its head office accounts as well as its audited accounts.
