Asiabiz Setup Accords Nominee Shareholder Service Asiabiz Setup, Singapore’s leading business process and solutions provider is bestowing nominee shareholder service for all companies established in the city-state. In Singapore Companies Act, companies espousing a private limited company, including subsidiaries of foreign companies, must have at least one shareholder to proceed with the incorporation. A shareholder is defined as a legal persona, whether a natural person or corporate, maintaining stocks or shares in a company. By holding stocks, a shareholder is conceived as an investor, with his shares having monetary value that can be sold, bought, or traded. During the incorporation of a company, ACRA, Singapore’s national governing body of all business enterprises and the Company Registrar, requires the submission of a Memorandum and Articles of Association as among its requirements. Asiabiz Setup’s business specialist mentioned in a conversation that each of the company’s directors including the resident, shareholders, and company secretary is listed on that document.
“MAA contains personal information of these personalities. Besides their local resident addresses, contact details, and portions of stocks they hold in a company, if there are foreigners among the shareholders and secretaries, their passport number, nationality, and age are indicated as well.” Details about these investors are accessible by the public because the MAA itself is included in the public records. Thus, for security and anonymity purposes, many of shareholders, foreign or locals prefer to employ a nominee shareholder service of Asiabiz. Asiabiz Setup’s nominee shareholder service: “Upon availing such service, our nominee shareholder shall lend his name and registered residential address on MAA. The shares are held by the nominee shareholders in trust in behalf of the investor incognito.” By availing the nominee shareholder service of Asiabiz, it does not follow that the nominee shareholder holds powers. Asiabiz elaborates on this.
“A nominee shareholder is for satisfaction of statutory compliance only. Although it provides anonymity, the real investor maintains all powers duly accorded to him.” Nominee shareholders are not new in Singapore and in other countries. The service is deemed legal and it has been beneficial to individuals who are particular about the confidentiality of their identity. Apart from the shareholder, Asiabiz Setup provides nominee director and nominee agent services, as well as assistance in immigration and in complying with requirements as stipulated by the applicable laws of Singapore. 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
Published on Feb 1, 2011
Asiabiz Setup, Singapore’s leading business process and solutions provider is bestowing nominee shareholder service for all companies establ...