Asiabiz Services Assists Companies in Complying With Pre-Incorporation Requirements 

Based in Singapore and established in 1996, Asiabiz Services caters to the corporate needs of foreign companies and entrepreneurs as they are initially prohibited by the laws in Singapore to spearhead the procedure of incorporation.

by Ashley Varghese Monday, February 21, 2011
Depending on the choice of business structures, the pre-registration requirements may vary. Private limited companies for instance, have requirements distinct from a business firms such as sole proprietorship, partnership, branch office, or a representative office.

However, all business structures with the exception of representative office ought to have a unique business name registered and approved by ACRA as part of the initial procedure.

“A name given for a business must not bear similarity to any business structures registered and reserved with ACRA. It should also not encroach on existing trademarks and principles of ethics and morals,” says Asiabiz Services.

Based in Singapore and established in 1996, Asiabiz Services caters to the corporate needs of foreign companies and entrepreneurs as they are initially prohibited by the laws in Singapore to spearhead the procedure of incorporation.

The branch office is considered a satellite. Hence, it follows the name of its foreign company, unless if the name has infringements, which would require the foreign company to use another name.

After name approval, the identification of the businessmen involved is secured.

Asiabiz says: “Both the private limited company and subsidiary company must have three separate individuals to satisfy the position of a resident director, shareholder, and company secretary. All their personal details are included in the Memorandum and Articles of Association.”

On the other hand, business firms such as a sole proprietorship, partnership, limited liability partnership must prepare a photocopy of any valid Singapore ID like Singapore Personal Access Card, National Registered Identification Card, and Blue Card or photocopy of passport in case the entrepreneur is a foreigner.

Foreign individuals seeking to relocate to Singapore to actively participate in running the business affairs must secure an Employment pass. All three individuals required in a private limited company and subsidiary company must secure a labor pass.

Asiabiz continues: “There must be a local manager appointed if any of these businesses are owned by foreigners. If only one or two of the partners are foreigners, the local manager is optional.”

Meanwhile, a branch office must also prepare its own officers and directors as directed by the foreign company’s Memorandum and Articles of Association. It must have agents appointed and relocated to Singapore in case they are foreigners.

Asiabiz assures that in every step of registration, it shall extend its personalized service to ensure compliance with all requirements. It even provides nominee services to ensure satisfaction of statutory requirements.


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/

0    submitted by Ashley Varghese
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