A foreign company is a company, corporation, association or any other body incorporated outside Singapore. A foreign company may carry on business in Singapore by incorporating a local company or registering as a foreign branch under the Companies Act. The foreign company is required to have a registered name, at least 1 local authorised representative and a registered office in Singapore.
A foreign branch has to cease its operations in Singapore if its Head Office has been dissolved or is in liquidation. The authorised representative of the foreign branch is required to lodge a “Notice by Authorised Representative of Foreign Company of Liquidation or Dissolution of Company”.
The foreign company may also apply to ACRA for striking off if it is able to satisfy the following criteria:
- The sole authorized representative is unable to resign because the company has not appointed a replacement within 12 months after the lodgement of a notice under section 370(3);
- The authorized representative has received no instructions from the company within 12 months after a the date the written request has been made as to whether the company intends to continue its operations in Singapore.
- The foreign company has no authorized representative (note: this can be filed only by the registered filing agent).