Company Formation In Singapore Explained By Asiabizservices 

Asiabiz offers company information service servicing especially the foreign companies and investors as they are yet to acquire eligibility that would allow them to handle legal transactions in Singapore such as company registration with ACRA.

by Ashley Varghese Friday, April 22, 2011
Singapore’s entrepreneurial landscape is attractive. Its taxation is among the lowest in Asia Pacific. Newly incorporated companies enjoy tax benefits, while existing companies are given tax incentives and reliefs. Foreign investors find it beneficial to invest in Singapore because of the 100% foreign ownership.

Asiabiz offers company information service servicing especially the foreign companies and investors as they are yet to acquire eligibility that would allow them to handle legal transactions in Singapore such as company registration with ACRA.

“We offer name check service for free to all investors, local and foreign,” remarks Asiabiz’s business consultant, “our team will check on the availability and conformity of a name once the request has been made by the businessman.”

The name registration is an initial procedure of the company registration. The Registrar of ACRA is tasked to assess proposed names submitted to its office for availability and conformity.

“Every name for a company ought to be unique so no company shall be mistaken for another because of similarity in names,” quips Asiabiz, “it shall also conform to laws in trademark and morality.”

ACRA shall issue a Certificate of Company Name upon its registration. The investor will also receive a notification via an e-mail.

“Together with other documents, the Certificate of Company Name is submitted to ACRA for company registration,” says the consultant.

These documents include the Memorandum and Articles of Association, Statutory Declaration of Compliance, Certificate of Identity, Notice of Situation of Registered Office and of Office Hours at the time of Incorporation, and Consent to Act as Director and Statement of Non-Disqualification to Act as Director.

S$1 is the minimum paid-up capital set for a company. It can be raised at anytime during the business operations. According to the Companies Act, there shall be a resident director of ordinary residence, and at least one shareholder and a corporate secretary.

Investors shall also register a local business address in Singapore.

“Both the corporate secretary and the director shall be individuals, while the shareholder can be a business entity,” Asiabiz chimes.

Successful company incorporation will have ACRA notify the investors through an e-mail. It shall also issue the Company Profile.

Foreign investors or any of foreign nationals can be appointed as the resident director. After the incorporation, Asiabiz shall process the Employment pass for these foreign nationals so they can stay in Singapore and work.

As a business solutions provider, Asiabiz offers nominee services for a director, shareholder, and agent; corporate secretaryship, and immigration, and compliance matters.


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 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
E-mail: sales@asiabizservices.com
Website: http://www.asiabizservices.com/

0    submitted by Ashley Varghese
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