Asiabizservices Provides Singapore Representative Office Formation Services
A company that helps foreign individual, entrepreneur or a business professional who wants to setup a Singapore company as an individual.
by Gwyneth Moore Sunday, January 16, 2011
Its One-North, Singapore’s IT infrastructure is poised to assist entrepreneurs in starting up their business. Businessmen may not have to abruptly venture into large scale investments.
Investors, whether conservative, newbie, or incognizant of the international business set up may wish to gauge the business opportunities of Singapore before they dive the market.
“Without engaging in commercial and revenue-yielding activities, businessmen may establish a representative office. It is perfect for spearheading product campaign and brand promotion.”
By obtaining a Central Registration [CR] Number from Singapore Customs, a Singapore representative office can import and export product samples to test their market potential. Asiabizservices warns, nevertheless, that the representative should not use the CR Number for any trading activities.
“The function of a representative office is limited to liaising for its parent company. It can conduct market research, evaluation, and analysis; but it should not participate in warehouse leasing, or opening of a Letter of Credit.”
Responsible for delivering the office’s functions are staff members headed by a chief representative appointed by the principal investor or the executive of its parent company. The staff members and chief representative may be foreigners by deriving an Employment pass or Singapore Dependant pass.
Asiabizservices, however, believes it will be beneficial if the staff comprises of locals as well. “Having locals as among the staff makes it easier for the office to penetrate the market and conduct research as they are already aware of how everything is done in Singapore.”
“At Asiabizservices, we assist foreign investors in registering any business structure. For a representative office, businessmen shall prepare documents such as a certified copy of Certificate of Incorporation, or Registration of Foreign Company, a copy of the parent company’s latest annual report, and a copy of audited financial statements.”
Although included in the documents are audited financial statements and annual report, the representative offices are exempted from any filing requirements in Singapore. From its point of incorporation, a representative office has a full year of validity in existence. Beyond that, it may renew its office with International Enterprise Singapore [IE Singapore] yearly for a maximum of two years.
Asiabiz Services also provides application for labor passes for foreigners relocating to Singapore. For a representative progressing into a full-blown company, it may benefit from Asiabiz’es company registration packages.
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
Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.
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