Asiabizservices Singapore Branch Office Setup + Employment Pass Filing
A company that helps foreign individual, entrepreneur or a business professional who wants to setup a Singapore company as an individual.
by Gwen Sato Friday, January 14, 2011
Asiabiz Services provides an attractive package of a branch office registration and an employment pass application for its staffs—agents.
“A Singapore branch office is deemed as an extension of a parent company, and is therefore not given a separate legal existence,” states one of Singapore’s excellent business consultant, Chi Han. She implies that the parent company is responsible for the operations and decisions of a branch office.
A branch office bearing the nature of an international bank or any other financial institutions are required to procure a license for their Singapore branch office from the Monetary Authority of Singapore [MAS], and should comply with the capital adequacy requirements regulated by the governing body.
With a branch office, an investor can explore business opportunities in Singapore market.
“It is an ideal vehicle to attain a business goal such as establishing a company’s brand, and establishing a clientele by reaching out to the local agents and distributors,” adds Chi.
In registering a branch office, an investor must bear in mind that the branch office name is the same as the parent company’s, unless it connotes obscenity or resembles another’s. Its Memorandum and Articles of Association should stipulate that the parent company directs the activities and constitution of a branch office.
Also included in the MAA are the particulars of the local directors such as nationality, identification number, passport number and residential addresses. Likewise, their duties and corporate powers are indicated on the document.
At least two local agents should be appointed to support the business administration of the branch office. Encompassing their responsibilities are administrative tasks and receiving official notices from authorities.
“Agents are held personally liable for all penalties imposed upon the company for any breach of law or Act,” quips Chi, elaborating on the range of an agent’s obligations.
After the branch office is registered, Asiabiz shall process the application of labor passes for foreign staff relocating to Singapore. Agents can be a foreigner by holding the appropriate work visa.
Asiabiz provides other solutions such as assistance in complying with continual requirements ranging from annual returns to bookkeeping and payroll services.
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
Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.
Read More Press Releases
Wiwigo Technologies: First of its kind selfie campaign takes place in moving Delhi-Chandigarh Shatabdi
Get press releases by email