Asiabiz Services Provides Singapore Company Setup with Entrepreneur Pass Package 

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

by Noel Whitley Friday, January 28, 2011
The economy growth in 2010 in Singapore was spearheaded by manufacturing. In December, the manufacturing output peaked at 25.5% as compared against last year’s performance in the same period. Overall, the manufacturing industry expanded by 29.7%.

In doing business, a business structure bequeathing protection against financial liability is favored mostly by businessmen. In Singapore, such is possible in a private limited company or limited liability partnership.

As a leader in business solutions, Asiabiz Services created an attractive package comprising of Singapore company registration and application of Entrepreneur pass. This package is exclusive to foreign investors, whereby, they have the chance of staying in Singapore while running a business, either a private limited or a limited liability partnership.

A private limited company is formed by a resident director, shareholder, and company secretary, all of whom may be of foreign national made possible by securing an Entrepreneur pass or Employment pass.

“An Employment pass requires a Bachelor’s degree while an Entrepreneur pass does not,” clarifies Asiabiz’ business specialist, differentiating on the labor passes.

A limited liability partnership, on the other hand, is formed by at least two partners that could be a natural living person or another business entity. Partners that are natural persons may also be of foreign nationalities. In such case, the partners should appoint a local manager of ordinary residence.

“By obtaining an Entrepreneur pass, either of the foreign partners may occupy the local manager’s position,” says Chi.

Investors may choose to process their Entrepreneur pass before the business or company is registered with ACRA. Among the requirements to be satisfied are a 10-page business proposal emphasizing business goals and marketing strategies, as well as S$50,000 minimum capital, and relevant entrepreneurial experience.

Composing of a team of professionals in areas such as business management and accounting, Asiabiz also assists foreign entrepreneurs in drafting the said business proposal. Thereafter, the registration of a business or a corporation may proceed. In a private limited company, the resident director and or the shareholder may opt for an Employment pass or Entrepreneur pass, whichever is applicable. A company secretary, however, is deemed as a professional and therefore must apply for an Employment pass.

Asiabiz Services provides a nominee director service so investors opting for company registration before relocation can proceed with the incorporation. ACRA requires the Memorandum and Articles of Association containing personal information about each director—including the resident—shareholder, and company secretary.

After the registration is complete, Asiabiz continues to process the Entrepreneur or Employment pass, and then, the nominee director shall abdicate the directorship and transfer it to the appointed.

Asiabiz Services further extends assistance to existing companies in matters such as compliance with requirements including annual returns filing; accounting and bookkeeping and payroll management; and nominee 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
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 Noel Whitley
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