Asiabiz Setup Bestows Singapore Nominee Services Asiabiz Setup creates innovations and processes business solutions for companies foreign and local. Its nominee services are just among the many specializations it offers.
“Our nominee services are designed to help foreign companies establish a business presence in Singapore by satisfying all requirements prescribed by the governing Acts,” says one of Asiabiz Setup’s business specialists during an interview. Asiabiz adds: “Private limited companies and subsidiaries of foreign corporations, for instance, are required to have one resident director appointed as the head of the managing directors.” Stipulated in the Singapore Companies Act are the eligibility requirements of a resident director whom should be either a citizen or permanent resident, not an un-discharged bankrupt, not guilty of any malpractice, and of legal age and capacity. He must also establish a residence in the city-state. Although Singapore renders foreign nationals, by obtaining an Employment pass, eligible to be appointed as the resident director, not all of them—such as the principal investor—are willing to be relocated to Singapore.
“The nominee director service satisfies that particular requirement. By availing of such service, it is the name and address of our nominee director that shall appear on the Memorandum and Articles of Association upon incorporation with ACRA,” says Asiabiz in its illumination. Besides the resident director, these companies must also maintain at least one shareholder, and just like the resident director, his personal information including the portion of his shares in a company is indicated on the MAA.
“Not all investors are enthusiastic that their names and other personal particulars appear on the public document such as the MAA. Thus, we provide the nominee shareholder for them,” remarks Asiabiz continuing its elucidation.
“The nominee shareholder protects the identity of the real owner by holding his shares in trust. At any time, the nominee shareholder service can be revoked.” Moving on, a branch office of a foreign company ought to have at least two agents appointed by the foreign parent corporation and who shall be tasked to ensure that the branch satisfies all the statutory requirements and does not breach any law or contract during its operations in the city-state. Asiabiz utters: “The nominee agent we provide is also temporary as one of the eligibility requirements is the local residency of the agents. Thus, to proceed with the registration of a branch, we lend our agents until the qualified individuals are appointed.” Processing of company incorporation and application of labor passes are also part of Asiabiz’s specializations. Companies already registered may also benefit from its other services such as accounting and payroll management. About the Publisher: For many years, Asiabizsetup has served the community by taking charge of Singapore company incorporation, Singapore company registration and processing the necessary working visas of entrepreneurs or employees, and providing services such as accounting, secretarial and statutory compliance with certain requirements. AsiaBiz is a company that provides Singapore company setup services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, Singapore accounting services, book keeping requirements, and other compliance matters stated under the Singapore law. The company has successfully helped thousands of both local and foreign entrepreneurs form a Singapore company. Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.
For more information visit: AsiaBizSetup PTE LTD address: 120 Telok Ayer Street Singapore 068589 phone: (65) 62426533 email: email@example.com website: http://www.asiabizsetup.net