Affordable Singapore Company Setup Services Offered by AsiaBiz
Asiabiz Services, apart from the company setup service, also supplies a Singapore nominee director and nominee shareholder services in case investors fall short of such requirements.
by Ashley Varghese Tuesday, April 05, 2011
Easily put, investors are defended from financial liability. When a private limited company becomes insolvent and incapable to settle its economic obligations, only its assets are affected in winding up. Investors can walk out without coercion and enlist in another enterprise at anytime.
Asiabiz Services, apart from the company setup service, also supplies a Singapore nominee director and nominee shareholder services in case investors fall short of such requirements. One of its business analysts, Chi Han, articulates “a nominee director momentarily fills up the resident director obligation of Companies Act, while the primary investor is still in seek for somebody trained to be appointed as the resident director.”
A resident director acts as the head of the business. Bestowed inherently in its place are executive powers. Usually, the primary investor occupies such place as the responsibilities that arrive with it are grave. Foreigners, who are allowed to own 100% of business shares, are needed to obtain an Employment pass so they can relocate to Singapore and run the business as the resident director or one of the directors as there can be unlimited number to the directors of a private limited company.
In case a foreign investor decides to relocate to Singapore and consummate the resident director place, he may enlist Asiabiz’ nominee director service.
“In such a case, the nominee director is committed for statutory requirements of a resident director so the business can be successfully listed with ACRA. After that, we process the Employment pass of the shareholder and pace him through until he claims the labor pass from the Work Pass Division of the Ministry of Manpower.”
Upon assemblage of the Employment pass, the directorship is then moved from the nominee director to the shareholder.
“A nominee shareholder sustains company shares in believe for the benefit of genuine owners,” Han extends to reveal the nature of a nominee shareholder, supplementing that only the title of the nominee shareholder shall emerge on the records submitted to ACRA.
Other enterprise solutions supplied by Asiabiz encompass enterprise registration and continual compliance with requirements such as bookkeeping, preparation of Financial Statements and Director’s Report, Corporate Annual Tax Return filing, Personal Tax Return filing, and payroll management.
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 start a Singapore company. Among its specializations are corporate services, accounting services, nominee services, company registration Singapore, 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 offshore 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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