Asiabizservices Explains How to Setup a Singapore Company 

In case for some reasons, the foreign investors and or company cannot provide a qualified candidate to be the local resident director, they may engage a Singapore nominee director service.

by Ashley Varghese Monday, December 06, 2010
Foreign individuals may apply for a working visa such as an Employment Pass for their employees and staff as they relocate to Singapore. Should they wish to relocate too, the same working visa should be obtained.

An Entrepreneur pass may also be applied to run the business in Singapore. However, unlike the Employment Pass, the Entrepreneur Pass does not necessarily require a tertiary level of educational attainment.

Asiabizservices elaborates that a foreign individual, by virtue of an Employment Pass or Dependent Pass may qualify for a local resident director as well.

In case for some reasons, the foreign investors and or company cannot provide a qualified candidate to be the local resident director, they may engage a Singapore nominee director service.

Asiabizservices says that a Singapore nominee director service is provided so foreign companies can comply with the requirements. A nominee director is not, in any manner, involved in business operations. Nor is he accountable for any liabilities and losses incurred by the company. Hence, a nominee director does not sign any documents relating to the business.

“A director may also be a shareholder or a non-shareholder,” adds Asiabizservices, “and all directors appointed are at least 18 years old by the time of their appointment. However, for a director to be the local resident, the age requirement is 21.”

Besides a director, there also exists at least one shareholder that Asiabizservices elaborates, “May be a natural living person or another corporate entity or business entity.”

In Singapore, 100% ownership of company shares is possible. Hence, in some circumstances in which investors find it convenient to maintain the company shares within one entity or person without informing the public, they may hire a nominee shareholder.

Asiabizservices continues elaborating, “Under this agreement, a nominee shareholder protects the privacy of the real investor.” There are clients who seek anonymity in shareholding information, particularly that in Singapore, the particulars of directors and shareholders are accessible to the public. Hence, they employ the nominee shareholder service and allow them to hold shares on trust.

About the publisher:

Since its inception, Asiabizservices assists foreign entrepreneurs establish a company in Singapore. Among its specializations are corporate services, accounting services and nominee services.

Asiabizservices does not waver in its goal to establish its reputation in the industry by helping investors register a company in Singapore. Such efforts pay off as the company is among the prestigious corporate solutions providers in Singapore.

Among its specializations are Singapore company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, and accounting services including payroll preparation.

Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs Incorporate a Singapore Company.

For more information:
Address: 120 Telok Ayer Street Singapore 068589
Phone: +6563034614

0    submitted by Ashley Varghese
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