Asiabizservices Provides Form a Singapore Company Services 

Singapore is among the favorite destinations in Asia Pacific for investments, employment opportunities, and tourism. With 17% as the highest corporate tax rate for companies earning annual revenues amounting to S$300,001 and above, the city-state has the friendliest taxation policy.

by Ashley Varghese Tuesday, April 12, 2011
In the latest report released by Singapore Tourism Board, the tourism sector performance in February 2011 has surpassed all other performances on a February by having the International Visitors Arrivals numbering to 990,000, a 15.4% growth on a year-on-year basis.

The revenues earned from hotel accommodations reached S$159 million, which represented 19.1% compared to last year.

Singapore is among the favorite destinations in Asia Pacific for investments, employment opportunities, and tourism. With 17% as the highest corporate tax rate for companies earning annual revenues amounting to S$300,001 and above, the city-state has the friendliest taxation policy.

Foreign companies can register a private limited company, subsidiary, branch, or representative office. According to the laws in Singapore, foreign companies and investors should hire professional business registration services except if they have a Singapore Personal Access or NRIC.

“In a private limited company, there ought to be a resident director, shareholder, and corporate secretary,” says Asiabiz Services, a company based in Singapore proffering assistance to businesses.

“Both the director and secretary must be individuals. They could be locals or foreign nationals by holding either an Employment pass or Entrepreneur pass,” Asiabiz continues, “Meanwhile, a shareholder can be an individual or a business entity.”

To help in these requirements, Asiabiz offers a nominee director and a nominee shareholder. Because it is a practicing member of SAICSA and ICSA, Asiabiz also serves as the company secretary for most of the companies it had assisted in the registration.

Moving on, a subsidiary office follows the private limited company in its registration. It also has the same set of requirements.

“Directors who are usually the principal investors have the option not to relocate to Singapore,” Asiabiz reveals, “the options are to hire the nominee director service for a long-term or appoint a trusted someone to be the resident director.”

In a branch office, there also ought to be local directors. However, because it is not cloaked with a legal personality like the private limited company and subsidiary offices are, a branch office cannot decide on its own commercial activities.

“It also cannot formulate its own Memorandum and Articles of Association,” Asiabiz continues, “The foreign parent company’s MAA shall encompass the constitution for the branch office.”

Investors who want to gauge the marketability of a product and service before embarking on large-scale investment may wish to register a representative office instead.

“It has a validity of three years with yearly renewal, a representative office is used to conduct market research, feasibility studies, brand promotion, liaise for the foreign parent company, and coordinate between the foreign parent company and the local agents and distributors,” cites Asiabiz.

Asiabiz further affords services such as accounting, virtual office, web hosting, and assistance in obtaining business licenses and permits.


For more information, visit:

www.asiabizservices.com
Asiabiz Services Pte Ltd (see location map)
120 Telok Ayer Street
Singapore 068589
Phone: (+65) 6303 4614
Fax: (+65) 6303 2670
E-mail: sales@asiabizservices.com

0    submitted by Ashley Varghese
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