Any foreign company that wishes to run their business operations in the country should discover the opportunities first of all by setting up the Representative Office in Singapore. This is the best option to find the market opportunities before making any large scale or long term commitment. Representative Office cannot involve in any type of business activity related to generating revenue.
A lot of representative offices can get registration from Enterprise Singapore. Enterprise Singapore is the registration authority for Representative Offices. On the flip side, insurance, banking and financial institutions are required to get registration from MAS for their Representative Offices in Singapore. Representative Offices of financial institutions should undergo strict appraisal of Monetary Authority of Singapore.