Asiabizservices Offers Affordable Company Formation Options 

The Workplace Safety and Health permit is among the post-incorporation and post-registration requirements of a company and business respectively.

by Ashley Varghese Monday, March 28, 2011
Singapore aims to be a premier global talent hub. The latest evidence to this is how strict the government is in implementing policies to ensure safe and healthy working environment.

The Workplace Safety Health Council and Ministry of Manpower released the latest Statistics Report which says that the “overall number of workplace fatalities, injuries and occupational diseases fell across the board in 2010.

“The number of workplace fatalities dropped from 70 in 2009 to 55 in 2010, leading to the lowest-ever workplace fatality rate of 2.2 per 100,000 employed persons since 2004,” the report continues.

The Workplace Safety and Health permit is among the post-incorporation and post-registration requirements of a company and business respectively.

Foreign companies and investors are directed by the laws in Singapore to hire a professional firm to assist them in all their business-related needs.

“A foreign business man can choose to register a sole proprietorship. Two individuals can form a limited liability partnership, while three individuals can incorporate a private limited company,” chimes Asiabiz, a company founded in 1998 committed to serve businessmen and employees.

“A sole proprietorship can be registered by an individual of any nationality. The owner can also be another existing business or corporate entity. It does not have its own legal personality and thus rests its existence on its owner who holds full responsibility and authority over the business,” Asiabiz adds.

Asiabiz continues: “A limited liability partnership can be formed by two partners that can also be individuals or business entities. Unlike the sole proprietorship, the limited liability partnership is shielded by its own legal existence. Thence, it can provide financial protection on its partners.”

A partner in a limited liability partnership is responsible for the decision he makes and which shall not affect the other partners.

Moving on, a private limited company also has its own personal existence. Thus, its directors and shareholders are protected from financial liability that could arise from negligent company operations.

“Directors and shareholders are liable only for as far as having unpaid shares of stocks in a company,” Asiabiz explains.

A private limited company is formed by a resident director, company secretary, and a shareholder that can be an individual or a corporate entity.

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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