Asiabiz Services Offers Company Setup And Director Nominee Service 

“At times, the resident director can thwart business pursuits because not all foreign investors are ready to relocate to Singapore and take over the affairs of the company. Sometimes, the resident director is not immediately available for several reasons.”

by Ashley Varghese Monday, January 31, 2011
In the most recent survey spearheaded by Singapore’s Economic Development Board, the city-state’s leading government agency tasked in planning and executing strategies to improve its position as a global business hub, the manufacturing business climate shall maintain its positive outlook until June 2011.

According to the board, the “positive business sentiment is broad-based with all clusters projecting enhanced business conditions in the coming six months.” Of all industries, the transport engineering cluster is the most sanguine with a weighted balance of 55% of firms projecting the business situation to ameliorate.

Within the transport engineering cluster, the marine and offshore engineering segment foresees more orders from offshore gas and oil industry amidst the soar in crude oil prices. Too, the aerospace segment estimated a higher level of maintenance, overhaul, and repair activity as the aviation industry is anticipated to recover.

For many years, Singapore maintains its reputation as the easiest place to do business. Among the several business structures that is favored by most investors is a private limited, specifically, a corporation. By obtaining an Employment pass, foreign nationals can stay and run the company in the city-state.

“A corporation in Singapore is headed by a resident director that maintains ordinary residence,” says a business specialist of Asiabiz Services, Chi Han, referring to being one of the locals. Nevertheless, holding an Employment pass qualifies a foreign national, the principal investor, for example to fill up such position.

Besides the residence, a resident director must at least 21 years of age and is neither a bankrupt nor guilty of any crime at the time of appointment. More importantly, by being the resident director of a company, the individual must stay in Singapore to consummate the position.

“At times, the resident director can thwart business pursuits because not all foreign investors are ready to relocate to Singapore and take over the affairs of the company. Sometimes, the resident director is not immediately available for several reasons,” utters Asiabiz Services.

Asiabiz Services provides solutions to issues such as the one mentioned. Its Singapore nominee director service has been designed to satisfy the statutory requirement of the Companies Act of Singapore.

“By lending a complete name and legal residence address, any private limited company can push through with its incorporation,” says Asiabiz Services. The company adds: “It can be availed on a short-term basis such as until the qualified individual is appointed or on a long-term, wherein, the principal investor or resident director incognito—remains offshore—and may use a Long-Term Visitation pass to tend to the company in Singapore.

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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