Asiabiz Services Processes Company Registration And Employment Pass
by Gilbert Young Wednesday, February 23, 2011
A foreign investor seeking for relocation to Singapore ought to have an Employment pass. Asiabiz offers its expertise in handling the application of a labor pass and the company registration.
Says Asiabiz: “Only companies can apply for an Employment pass in behalf of its employees. An investor must first register a company before he can apply for an Employment pass for his foreign staff including the investor himself should he want to avail the resident director’s position.”
For a company to begin with its incorporation, it must meet certain requirements such as the presence of a resident director, shareholder, and company secretary.
Asiabiz continues: “A resident director must be someone from the locals or permanent residents. A foreign national ought to hold an Employment pass before it can earn the position.”
Because the foreigner cannot be appointed yet for a resident director owing to the employment pass applied following a successful registration of a company, Asiabiz offers a nominee director service for the purpose of satisfying the statutory compliance.
“Only after the successful incorporation of a company can it apply for an Employment pass for the investor and gain the title of a resident director,” says Asiabiz, saying in addition that its nominee director relinquishes its position and transfer the directorship to the employment pass holder.
During the procedure of company incorporation, the investor’s physical presence is not required in Singapore. Until the employment pass application is approved and released by the Ministry of Manpower, the investor can stay overseas.
Once the employment pass is approved, the applicant will receive an In-Principle Approval notification via e-mail from the Ministry of Manpower. This said Approval notification grants single entry pass to the city-state to claim the employment pass.
The minimum number of shareholder required is only one and this can be a natural person or another company. In the latter case, the document containing the registration details of that company is included as among the documents during the incorporation.
A private limited company can have as many as 50 shareholders and unlimited directors and company secretary.
Asiabiz Services offers complete services for corporations and businesses such as accounting, nominee services, and chartered secretaryship.
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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