Singapore Continues Fueling Economy Development 

Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide

by Rebecca Getzoff Tuesday, November 02, 2010
Singapore remains to be in full throttle in fueling the economy development with its estimated 2010 growth by 15%. Among its initiatives are lifting off a 40-year ban on gambling, thereby, commissioning 2 casinos on Singapore’s Marina Bay, which in turn attracted 3 million visitors by June; increasing the global financial institutions that set up shops in Singapore, and captivating investments from numerous industries..

“Marina Bay Sands is prided with Singapore’s largest hotel with 2,500 rooms and the biggest exhibition centers in whole Asia on its first phase,” quipped Sheldon Adelson, the Chief Executive Officer of Las Vegas Corporations, during an interview with Time Magazine.

With Singapore’s unyielding effort in countering global recession, Christian Ketel, Harvard Business School’s senior researcher says in his analysis that the city-state’s strong backup plan to offset global economic retardation is likely to put Singapore among the world’s leading investment hubs for the next decade.

“Singapore’s impressive performance can be attributed to the city-state’s attractive investment portfolio,” concluded Ketel.

Incorporating a business company in Singapore is the primary step in sharing the success of business endeavors only Singapore can promise. The procedure entails drafting a blueprint for success, choosing the suitable business structure, and gaining an insight on company compliance issues in Singapore.

Developing a business blueprint helps the investor to focus the business’ direction, as well as secure its investment, and outline its operation. Included in the blueprint are the highlights on the investor’s skills and industry experience, a marketing plan that describes its marketing strategy, product and services; financial information such as sources of capital, monthly budget, projected profits, and anticipated expenditures; and action plan specifying business goals.

Depending on one’s standards, investors can choose among 4 business structures in Singapore—specifically, Sole Proprietorship, Private Limited Company, Limited Liability Partnerships, and Partnerships.

As part of Singapore’s protection plan for its investors whether local or foreign, businessmen are required to have full understanding on the basic rules governing any business operations. This compliance includes elements such as the Corporate Tax, General Sales Tax, Business Licenses and Permits, Singapore Labor of Laws, Companies Act, and Central Provident Funds.

For the convenience of foreign investors, the government of Singapore allows an independent and separate company to facilitate the incorporation of foreign investors’ business company in Singapore.

Among the corporations that provide solutions to foreign businesses is AsiaBiz Services, a Singapore private limited company.

Asiabiz provides a complete corporate solution under one roof to form a Singapore company and process a Singapore company incorporation of private limited companies with the opening of corporate accounts, corporate services including accounting, tax, immigration related to work passes visa and compliance services in Singapore. The Firm has successfully helped thousands of foreign entrepreneurs setup a Singapore Company.
120 Telok Ayer Street Singapore 068589
phone: +6563034614

Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide

General | Categories: financial, business
0    submitted by Rebecca Getzoff
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