Asiabizservices Offers Singapore Subsidiary Office Setup Services 

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

by Dennis Park Tuesday, December 28, 2010
A subsidiary office is supplementary to its parent company, which may hold 100% ownership. A subsidiary office in Singapore is considered to be among the most suitable as its features are attractive and beneficial to investors, local or foreign.

Best characterized by its own legal existence, a subsidiary is registered as a private limited company in Singapore and considered to be a tax resident. Thence, its structure is designed to protect its shareholders and directors from unlimited financial liability. Chi Han, a business specialist of Asiabiz Services affirms that shareholders are only accountable for as far as incurring unpaid shares with company or for a specific amount they have previously agreed to pay should the business fails.

“Shareholders are not obliged to present their personal assets and financial resources to settle for financial obligations their company has incurred.” The parent company is not accountable for the losses and liability the subsidiary contracts. For that however, it is the subsidiary company that may be legally brought to a court’s legal proceeding or may bring another company into that legal procedure.

A tax resident company is qualified to avail the exclusive tax exemptions and incentives Singapore prepared as part of its attractive business policy. “For instance, newly incorporated subsidiaries are exempted from corporate tax for their first S$100,000 revenues for three consecutive years,” continues Beng, stating in addition that “50% discount is granted to the next S$200,000 company profits.”

Although it supplements a larger company, a subsidiary office can by itself stand on its own. By this, Beng expounds that it reserves the right to decide which business undertakings and profit-yielding activities are best for the office. It does not have to adopt what business its parent company engages in.

“When earning, the subsidiary office may repatriate its revenues and import its capital at the beginning of its existence,” Beng provides an insightful observation, but takes pause to warn that foreign companies or their investors are held back from initiating the registration of a subsidiary office in Singapore unless they have acquired eligibility from a labor pass.

Instead, they are urged to hire professional services of another company to carry out the tasks. Asiabiz Setup provides corporate services including registration of a business firm or incorporating a company such as a subsidiary, representative or branch office.

To satisfy the requirement of a resident director, Chi Han exclaims, “Asiabiz Services renders a nominee director service for a temporary or long-term basis.” As a corporate solution provider since 1995, Asiabiz Services offers packages such as application of an Employment or Entrepreneur pass after company registration.

About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, 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, accounting services including payroll preparation and more.

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. It also provides chartered secretarial services.

For more information visit:
AsiaBizServices PTE LTD
address: 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 Dennis Park
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