Asiabizservices Assists Foreign Entrepreneurs With Singapore Company Setup 

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

by Brian Davis Friday, January 07, 2011
Singapore is consistently ranked as the second city in the world to have maintained the best investment potential with an excellent score in foreign trade and investment benchmark. In Asia, it is the most competitive country, and placed 5th worldwide. Singapore seeks to become a the foremost global entrepreneurial city, attracting foreign investors in particular.

A foreign businessman need not be a tertiary education accomplished to be successful in business, or at least to engage in any business venture for that matter. Singapore created a labor pass exclusive for such talented individual, namely the Singapore Entrepreneur Pass.

An Asiabiz’ business analyst says that the Ministry of Manpower normally grants an initial EntrePass with one year validity.

“The EntrePass is renewable as long as the holder’s business continues to meet the requirements”, says Asiabizservices.

With an EntrePass, a foreign investor can travel in and out of Singapore to tend to his business with least hassles at the immigration. It also allows the foreigner to apply for permanent residency in Singapore.

Meanwhile before an EntrePass is applied with MOM, the applicant—in this case, the businessman—must have registered his business with ACRA.

“The Companies Act stipulates there should be a respective resident director, shareholder, and company secretary to form a company,” Asiabiz continues saying additionally that the resident director must either be a citizen or permanent resident of Singapore or a foreigner by holding a labor pass like an EntrePass or Dependant pass.

A nominee director service completes the requirements of forming a company. When registered successfully with ACRA, Asiabiz shall proceed with the application of an EntrePass with MOM. The foreign entrepreneur must comply with the requirements imposed by MOM. Among these are maintaining 30% to 100% of company share, possessing experience in creating and managing successful business, being able to provide S$50,000 and above capital for the company, and preparing a 10-page business plan highlighting his business goals and marketing strategies.

“At Asiabiz we do our best to help a business man meet all the requirements, and that includes assistance in drafting the business proposal,” assures Chi, implying that as soon as the EntrePass is collected from the Work Division department of MOM, the directorship is transferred from the nominee director to him.

Asiabiz continues to grant assistance to investors. Among its specializations are corporate and accounting solutions. For compliance with annual requirements required of all existing companies, Asiabiz delights in giving due assistance such as Annual Returns filing for companies and individuals, Financial Statement preparation including the Director’s Report.

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
email: sales@asiabizservices.com
website: http://www.asiabizservices.com/

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 Brian Davis
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