Asiabiz services Provides Partnership Business Registration Service 

by Webb Dixon Monday, January 31, 2011
The manufacturing industry in Singapore continues to proliferate. In the latest report from Economics Development Board, the activity will continue to abet the city-state’s economic growth. 27% of the manufacturers estimates that business conditions will improve for a better 2011.

Besides the transport engineering cluster, specifically the marine and offshore engineering segment, the electronic clusters is the next promising with a net weighted balance of 14% of the entire electronic manufacturers foreseeing a better business situation in the first half of 2011.

The semiconductor and computer peripheral segment, for instance, expressed a positive outlook as demands for computing and consumer electronics products will persist in the ensuing months, while the rest of the manufacturing clusters also projects healthy business activity in the first six months.

Singapore’s business environment is conducive to all business structures. Partnership, a structure requiring at least two partners to engage in business ventures is apt for foreign investors. In Singapore, partnership can be 100% owned by foreign individuals or it can be partnered by the locals.

“In an all-foreign partnership, an appointment of a local manager is a requisite,” says Asiabiz, saying in addition that “with a possession of an Employment or Entrepreneur pass, the local manager’s position can be earned by a foreign individual.”

Asiabiz Services is a business process and solutions provider abetting investors in their needs and requirements. Foreign investors are not permitted to register a business on their own. Unless they have a Singapore Personal Access, foreign businessmen must employ a professional service like Asiabiz to take care of business registration.

In availing the business registration service of Asiabiz, most of the process is taken care of by the firm. For example, it shall look into the archives of ACRA for availability of a business name. When it is available, Asiabiz shall apply for its approval.

“Names approved by ACRA can be reserved for two months and the reservation can be extended after submitting an official request,” explains Chi.

Asiabiz shall prepare the registration documents to be filled up by partners. They are then forwarded to ACRA for registration, including filing and paying of all government fees and taxes. After registration, ACRA issues a Business Profile and e-Certification or Notice of Registration.

Depending on the nature of the business, certain business permits and licenses must be obtained before the business can start operating. In such aspect, Asiabiz can continue to be of help to businessmen. It also provides assistance in filing for annual income tax returns by each partner, and business process such as payroll management.

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

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 Webb Dixon
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