Asiabiz Endows With Singapore Branch Office Formation
Foreign companies eye Singapore as one of the best investment centers. They can register a branch office and experience business opportunities.
by Ashley Varghese Saturday, March 12, 2011
Amidst the world crises that plague some of the developed nations and crippled most of the developing, Singapore remained strong. And although its economy also experienced a slight downturn the crisis, it always managed to come out ahead of the pack.
Foreign companies eye Singapore as one of the best investment centers. They can register a branch office and experience business opportunities. Foreign investors can connect directly with local agents and distributors and establish a company’s brand.
Among the business solutions Asiabiz specializes in is branch registration. In a conversation, one of its business consultants says that there are two steps in setting up a Singapore branch office.
“A business name must first be approved with ACRA. The name must not conflict with any other business names registered and already reserved.”
The process of seeking approval takes a few hours and once a business name becomes available, it can be immediately reserved for two months. Also, after the registration of the company name, ACRA shall issue a Certificate of Business Name. Then, the documents for registration of the company can now be submitted to ACRA.
Asiabizservices recites the necessary documents as “a certified true copy of the foreign mother company’s incorporation certificate, a certified true copy of the foreign mother company’s Memorandum and Articles of Association, as well as documents containing the personal information of the directors.”
ACRA shall also require the documents detailing the branch office’s registration, memorandum of appointment of two agents that shall act as authorized agents giving support to a branch’s administrative functions.
In Singapore, the authorized agents must be locals. However, the agents can also be occupied by foreign nationals by obtaining the necessary Employment pass.
In employing Asiabiz’s professional services, investors can have confidence that the entire 2-step process of branch office registration, coupled with handling of application for Singapore employment pass are taken care of.
Existing offices of foreign and locals may also benefit from Asiabiz’s business solutions such as accounting and bookkeeping, and chartered secretaryship.
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
Read More Press Releases
Wiwigo Technologies: First of its kind selfie campaign takes place in moving Delhi-Chandigarh Shatabdi
Get press releases by email