Asiabizservices Encourages Investors To Engage Its Company Registration Services 

As Singapore requires an individual of ordinary residence to compose the company set up, Asiabiz Services offers nominee services for statutory compliance.

by Ashley Varghese Wednesday, December 29, 2010
Recently, Singapore Department of Statistics released its Singapore Consumer Price Index for November 2010, as per the said report that the consumer price index in November 2010 went up by 0.3% over October 2010. While the statistics indicate higher costs of transport, housing, recreation and other expenditures, they also signify that the residents have the capacity to engage in such spending.

Employment is among the priorities of the government. In its business policies, there are stipulations that certain business structures including of ‘foreign ownership’ must employ employees, including the locals.

“Foreign investors holding Entrepreneur pass, for example, must allocate budget for annual business expenditure that includes employing locals,” says Chi Han, “In turn, Singapore makes certain that its citizens are competent, versatile, and can deliver.”

Singapore boasts of robust, dynamic, and prolific business landscape. Its taxation system is designed to make allowances for tax exemptions and incentives to certain business types and qualifications.

“Resident companies are those which are managed and controlled in Singapore or the locally incorporated,” Han explains, adding that these companies are privileged to enjoy tax exemptions on their revenues reaching S$100,000 for the first three years of assessment following their incorporation.

Foreigners are not hindered from acquiring 100% of company shares in Singapore. Besides that, their capital can be imported from anywhere and their revenues be repatriated.

As Singapore requires an individual of ordinary residence to compose the company set up, Asiabiz Services offers nominee services for statutory compliance. Among others, “Asiabiz Services provide a nominee director and nominee shareholder for a private limited company, and nominee agent for a branch office of a foreign company,” beams Han, adding that many investors opt for employing the nominee director service in pursuit of company registration. And after the Employment pass is released, the directorship is transferred to the investor himself.

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

0    submitted by Ashley Varghese
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