Hear Some Advices from Asiabizservices as To When to Incorporate a Company
Foreign-owned in particular, depend on professional services offered by an independent company in meeting the terms with those requirements.
by Ashley Varghese Sunday, February 20, 2011
“Financial liability of shareholders is not among the qualities of a private limited for they are only held legally responsible for how much unpaid shares they contracted in that company.” Hence, unlike other business structures, the personal assets including liquid are not subject for seizure or foreclosure in case of fateful incidents.
Cloaked with a legal characteristic, private limited companies in Singapore are considered as tax residents and are therefore, privileged with tax exemptions and incentives. On the other hand, while this alone could already catch the attention of investors, there are other concerns essential of weighing in before the proper time of forming a company of such structure is determined.
Among them is the person behind the resident director’s position. Minimum requirement defines the composition of a private limited to compose three separate individuals to earn respectively the title of a shareholder, resident director, and company secretary.
Through the virtue of a labor pass such as Employment or Dependant pass, foreigners are allowed to be chosen as a resident director, defined by Singapore’s Company Act as someone who is either be citizen, or a permanent resident, or eligible employee/businessman.
Another important concern is the annual requirements of private limited. Asiabizservices says that most companies, foreign-owned in particular, depend on professional services offered by an independent company in meeting the terms with those requirements.
“Asiabizservices provides solutions to corporate matters and responsibilities,” beams a corporate secretary, saying that her competence has best been seen through Asiabizservices. She declares yonder, “we support companies in preparing their financial statements including complete income, director’s report, annual tax returns, bookkeeping, and payroll services.”
Should inevitability come to pass, Asiabizservices offers nominee services to fill private positions such as a resident director, shareholder, or agent.
Wondering about these fundamentals, investors can register a private limited company at anytime the requirements are fulfilled. Asiabizservices could be of special help.
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
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