Asiabiz Provides Virtual Office and Sole Proprietorship Business Registration Services 

The easiest business structure is a sole proprietorship, owned by one person in whose legal existence the full authority is vested.

by Ashley Varghese Wednesday, February 16, 2011
In the latest report on the tourism sector released by Singapore, its estimated revenues in 2010 reached S$18.8 billion, surpassing last years’ expectation of S$17.5 billion. Also in that report, it is emphasized that 61% of the tourism receipts is constituted by activities such as shopping, sightseeing and entertainment, and lodging accommodation.

Indeed, Singapore is a busy city-state. Investors eye it as the best destination for investments. People from across the continents are streaming to Singapore as tourists or visitors and employees or investors. One way or another, businesses proliferate.

The easiest business structure is a sole proprietorship, owned by one person in whose legal existence the full authority is vested. Foreigners are permitted to own the entire shares in a sole proprietorship which can undertake any business operations like entertainment, restaurants, shops, accommodations such as inns and pension houses; and more.

To get started, foreigners must engage the professional services of another firm to handle the registration in their behalf. Among Singapore’s reputable business solutions processors is Asiabiz Services.

“The documents required are a description of principal activities, declaration of compliance and statement of non-disqualification, and a copy of Singapore ID for the sole proprietor or a copy of his passport in case he is of foreign national,” says a representative of Asiabiz.

Foreign sole proprietors must appoint a local manager to run the affairs of the business. In case he wants to handle such obligations, he must obtain a Singapore Employment pass and prior approval from the Ministry of Manpower.

Both the registration of a sole proprietorship business and application for a labor pass can be initiated by Asiabiz Services.

Moving on, Asiabiz Services also provides virtual office service to businesses. Especially if the nature of the business is retail should the sole proprietor take advantage of the information technology available.

Says Asiabiz: “Included in our virtual office service are registered address, mail notification, mail forwarding, dedicated phone line, and dedicated fax line.”

The registered address is valid and local and which can be used during registration of the business, and on business cards, letterheads, and other official documents used by the business.

Meanwhile, a mail notification feature works by sending an SMS and e-mail to clients to notify of any mail received to the address given by Asiabiz too.

Asiabiz adds: “As per further instruction, the mail and other parcel can be delivered to anywhere the client desires.”

On the other hand, the phone line and fax line are unique for every client we have. Clients can customize their spiels in receiving and closing a call from customers and the calls can also be forwarded.

Asiabiz Services bestows complete services to satisfy every need of a businessman.

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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