Asiabizservices Company Registration Singapore Specialists 

As a resident company, a private limited company enjoys tax exemptions on its 1st 3 years of its formation. Under certain criteria, certain businesses enjoy tax incentives in perpetuity.

by Ashley Varghese Wednesday, December 08, 2010
In the rapidly urbanization of the world, Asia’s contribution is left unnoticed. Governments are confronted with different challenges implement policies, devise plans, and engage in endeavours to address the issues that spring from urbanization. Singapore is no different. It gears toward better formulation of solutions to challenges that continually bombard the world.

Among the areas that continually experience implementation of policy is the city-state’s reputation as the leading business hub in Asia Pacific. Singapore perseveres in providing an avenue comfortable for living and providing an environment lucrative for business. Business-minded individuals are attracted to expand their business or commence a business in Singapore.

Thus, Singapore ensures that investors and or entrepreneurs, foreign or local should not experience difficulty in registering a company. Foreigners in particular are directed to hire a company to assist them in the necessities in setting up a company.

Among the companies that provide professional services is Asiabizservices, a company located at the heart of Singapore. It specializes in registering a new company or incorporating a foreign company in Singapore either with or without relocation of investors and their staff.

The most attractive business structure in its portfolio of services is the Singapore private limited company. Characterized by a legal personality distinct from its shareholders and directors, a private limited company limits liability within the company. Personal assets of shareholders and directors, real estate or liquid, are protected from accountability.

To register a private limited company, Asiabizservices cites its basic requirements, “it shall compose of at least 1 shareholder and maximum of 50 that is either a natural living person or a corporate entity.”

Investors must appoint at least 1 director that has an ordinary residence and who shall be the local resident director. An ordinary residence pertains to citizenship or permanent residence of Singapore. For foreigners to qualify for that position, a possession of a labor pass is necessary. In a company where the directors are more than 1, the requisite of local residence does not apply to all.

Should the investors experience difficulty in finding a local resident director, Asiabizservices responds they can hire the nominee director service. A nominee director is not part of the constitution of the company. Its existence is merely limited to compliance of the requirement.

Moreover, Asiabizservices specifies that “the minimum paid-up capital is set at S$1 which can be raised to any amount during its existence.” There should also be a company secretary who holds principal residence in Singapore.

As a resident company, a private limited company enjoys tax exemptions on its 1st 3 years of its formation. Under certain criteria, certain businesses enjoy tax incentives in perpetuity.

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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