Asiabiz Services Singapore Company Registration 

Professional firms like Asiabiz are established to assist foreign individuals and companies in their business needs especially in incorporating a Singapore company.

by Ashley Varghese Thursday, March 17, 2011
A company when incorporated in Singapore embraces the private limited structure, unless, stated otherwise during the registration. Many investors favor this type of company because of the protection it awards the investors and directors.

Asiabiz says that only the unpaid shares an investor and or director maintain in a company shall be his liability.

“A private limited company is cloaked with its own legal personality. Thus, it is treated like a legal person having eligibility to engage in transactions such as purchasing and owning assets, revenues, losses, and liabilities.”

Singapore is an attractive investment destination. In fact, it is the Switzerland of Asia. Last year saw a detour of private banking businesses from Europe to Singapore.

Business laws in Singapore bestow an opportunity among foreign investors to own entirely their companies. They can relocate foreign staff—including themselves—into the city-state as well after being issued with an Employment pass from the Ministry of Manpower.

Professional firms like Asiabiz are established to assist foreign individuals and companies in their business needs especially in incorporating a Singapore company, except if they hold NRIC or Singapore Personal Access Cards.

“A private limited company requires a separate resident director, shareholder, and company secretary,” describes Asiabiz.

Asiabiz adds: “While a shareholder may be individual or corporate entity, both the company secretary and resident director ought to be individuals.”

Singapore Companies Act stipulates that a resident director is someone of legal age and capacity and not an un-discharged bankrupt. He should also be among the locals. Nonetheless, parallel to foreign ownership policy is the foreign national to be part of the management staff.

“Investors can be appointed as the resident director after obtaining an Employment pass or Entrepreneur pass from the Ministry of Manpower,” continues Asiabiz.

In case the investor is not ready to relocate and there is no qualified individual to be appointed as the director, the investor may engage the nominee director service of Asiabiz.

“Under such service, the nominee director shall lend his name and address to the company so the incorporation procedure can take place. However, the service is only for satisfaction of the requirement. It does not afford the nominee director any corporate powers and responsibility,” explains Asiabiz.

Many investors engage the nominee director service of Asiabiz for a long-term basis. They may stay offshore and stay in Singapore for a month or two to tend to their business. They can manage the companies from overseas.

Asiabiz offers assistance in obtaining business licenses and permits, nominee shareholder, nominee agent, and accounting.

For more information, visit:
Asiabiz Services Pte Ltd (see location map)
120 Telok Ayer Street
Singapore 068589
Phone: (+65) 6303 4614
Fax: (+65) 6303 2670

0    submitted by Ashley Varghese
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