Form Your Own a Singapore Company Without Leaving Home
A company that helps foreign individual, entrepreneur or a business professional who wants to setup a Singapore company as an individual.
by Sonia Steinman Wednesday, November 03, 2010
“The corporate laws and policies of Singapore are designed to attract foreign companies and individuals as these will allow them to choose from different structures they can adopt in order to effectively run a business,” AsiaBiz added.
One of the most recommended business structures foreign companies and individuals can adopt is the subsidiary company which is treated as a “local business resident,” thus making it eligible for the reduced local tax rate and several tax incentives and exemptions.
AsiaBiz said that foreign businessmen may register a subsidiary without having to relocate in Singapore to manage their company. By simply appointing a resident director who may be a “natural citizen” or a foreign staff who holds work visas such as the EntrePass or Employment Pass, foreign entrepreneurs can own a company in Singapore.
However, the business registration specialist says that foreign companies and businessmen are legally required to hire a professional firm during the Singapore company registration process.
“Under the Singapore Companies Act, it is a strict requirement to appoint a business registration firm since any foreign corporate entities and individuals are prohibited to self-register their own company,” it added.
One of the most remarkable advantages of having a subsidiary is that the main office is not legally liable for all the debts, lawsuits and claims, and financial losses related to their Singapore-based company. With this, the business structure has been the most preferred by foreign companies operating in a speculative but rewarding market.
“The limited liability of the foreign companies with a subsidiary is one of the most important asset protections that will ensure the continuity of their business despite challenging economic times,” the firm said.
Another notable benefit of having a subsidiary company is the greater business freedom it enjoys. In fact, it is allowed to perform any commercial undertakings, including those which are not part of the business of its parent company, as long as these are in line with the country’s law.
Aside from the greater freedom when it comes to business activities, a subsidiary company is also allowed to conduct market research and feasibility studies in an effort to explore the Singapore market.
“There is almost no limit for foreign companies and businessmen who will register a subsidiary company,” AsiaBiz said.
Asiabizservices.com is the leading Singapore company that provides Singapore Company Incorporation services to both local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation, accounting and book keeping requirements, and other compliance matters stated under the Singapore law. AsiaBiz has successfully helped thousands of foreign and local entrepreneurs Form a Singapore Company.
Asiabizservices Pte Ltd
120 Telok Ayer Street Singapore 068589
Phone: (65) 6242 6533
Fax: (65) 6303 2670
Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.
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