Asiabizservices Provides Company Setup and Registration Services
by Amanda Bricks Thursday, April 07, 2011
Singapore allows absolute foreign ownership and management. If they have a Singapore Personal Access Card or NRIC, they can also spearhead the company setup.
Asiabiz Services exists to provide assistance to foreign companies, investors, and employees through its business solutions and processes.
“The first procedure in a company setup is the registration of a company name,” says Asiabiz, “ACRA shall ensure that all names submitted for registration are unique and do not infringe on trademarks and morals.”
Asiabiz Services provides for free name check service for all business enthusiasts. On its website, a webpage has been created for an online application, where investors can fill up with their two proposed company names and e-mail address.
“We also offer domain registration and web hosting services for free for one year for investors who choose to avail our company setup services,” beams Asiabiz. Included in the services are web layout and web design.
After the company name is registered, the company registration begins. ACRA shall also require the Certificate of Company Name that it previously issued upon registration of the name.
“In a private limited company, there ought to be a resident director, shareholder, and company secretary,” says Asiabiz, “for statutory compliance, Asiabiz offers nominee services for a director and shareholder.”
A subsidiary office adopts the private limited company structure. Thus, like a PLC, a subsidiary office does not render its shareholders and directors accountable beyond their paid shares.
An Employment pass or Entrepreneur pass enables a foreign national to be appointed as the resident director of a private limited company or subsidiary. All foreign staffs are also required to have their work visas.
“In a branch office on the other hand, the foreign parent company maintains legal existence. Therefore, the latter shall issue a Memorandum and Articles of Association defining the activities of the branch, naming the directors, and specifying their duties and powers,” Asiabiz elucidates.
Asiabiz Services offer a nominee agent service for the branch office. Appointment of agents is among the requirements in a branch and they are tasked to assist in the administration of the office.
Investors preferring to ensure the market potential of Singapore may find the representative office to be beneficial.
“A representative office is a non-commercial, non-profit yielding vehicle for every businessman wishing to promote a brand, conduct feasibility studies, and other non-trading activities,” quips Asiabiz.
Other specializations of Asiabiz include providing a company secretaryship, accounting services, and assistance in obtaining business licenses and permits.
For more information, visit:
Asiabiz Services Pte Ltd (see location map)
120 Telok Ayer Street
Phone: (+65) 6303 4614
Fax: (+65) 6303 2670
Singapore Company Formation Service, We provide company registration, incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide
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