Asiabiz Teaches On Fulfilling Singapore Business Requirements 

Asiabiz commits its more than a decade of know-how in handling the desires of worldwide businessmen.

by Ashley Varghese Thursday, March 24, 2011
A business when incorporated in Singapore embraces a private limited structure, regardless if it is a new company, retaining company, or a subsidiary of a foreign business. An appealing advantage to such structure is the restricted responsibility of its shareholders.

“Only those who encompass their investments in a business can be made accountable to shareholders and nothing more,” states Asiabiz Services, a firm founded in Singapore building enterprise solutions and processes for investors, local and foreign.

The first requirement to comply is the acceptance of an enterprise name. It is done by submitting a suggested name to ACRA through BizFile, and after couple of hours, the outcome can be very resolute.

“Once the title is assessed for availability and conformity, the business may list or reserve it,” chimes Asiabiz.

It continues: “Investors may list the title and then, ACRA will issue by an e-mail a Certificate of Company Name. Although, if the investors are not yet prepared to register, it can be reserved with ACRA for two months, and even expanded following a formal request performed by authorized personnel.”

A private limited company requires three distinct individuals in its constitution: a shareholder, resident director, and business secretary, all of whom should be of lawful age and capacity.

Asiabiz adds: “A resident director ought to be a local either an enduring resident or a natural citizen. It can also be a foreign national such as either of the shareholders by getting a Singapore Employment Visa or Entrepreneur pass.”

Asiabiz provides nominee director for worldwide businesses just so they can advance with the registration. After the incorporation, Asiabiz shall handle the application for the employment pass for the nominated director and all other foreign staffs.

“Only listed businesses can apply for a work pass through sponsorship as the Employment pass is company-exclusive,” interprets Asiabiz.

Amidst the documents needed are the credentials of business title and Memorandum and Articles of Association encompassing information such as the personal information of the resident director and all other directors, shareholders, and business secretary.

“It also catalogues the primary activities of the company, its localized physical address, and the capital share the investors paid,” utters Asiabiz.

In Singapore, the minimum paid up capital is set at S$1, which can be increased throughout the procedures of the company.

Foreigners are prohibited from handling in person the registration for a business except if the investors contain a Singapore individual get access to card or National listed persona business card, which comprise log in information to get access to ACRA.

Asiabiz commits its more than a decade of know-how in handling the desires of worldwide businessmen. Encompassed in its specializations are immigration, accounting and nominee services, as well as company secretaryship and webhosting.

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 start a Singapore company. Among its specializations are corporate services, accounting services, nominee services, company registration Singapore, 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 offshore 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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