Asiabizsetup Offers Company Formation Consultancy Asiabizsetup says that most of their business aspirant-clients approached them to consult on the best business structure to establish in Singapore while veteran investors proceed with the registration channeled through their company. “Foreigners wishing for a simple business setup and small amount of capital may opt for a business structure such as a sole proprietorship or partnership,” Asiabizsetup commences providing insights on the business options in Singapore, “both business entities are not recognized as a legal entity, nevertheless, owners have full authority over their business management and revenues.” Foreigners shall appoint a local manager to be the head of a sole proprietorship or partnership. They may also claim such position through an Employment, Entrepreneur, or Dependant pass. Partners may be a natural individual or another business entity. Regardless, the liability of owners of both business structures is unlimited. “Investors seeking for perpetual corporate existence and stability may select a private limited company,” Asiabizsetup presents a different option, “it has its own legal existence apart from its owners.” Hence, unlike the business entities, a private limited company has limited liability and can use its company name as the owner of assets and revenues. In case of losses, the company itself is accountable and be sued. In turn, it can file any lawsuits against another institution and or natural person. Asiabizsetup provides a nominee director and nominee shareholder services for foreign investors that do not wish to be relocated to Singapore and run the company. “For statutory compliance such as pursuing with the incorporation procedure and thereafter ensuring that all obligations and requirements of a company are satisfied, a nominee director lends his or her name,” Asiabizsetup states the feature of a nominee service. On the other hand, a nominee shareholder service is designed for shareholders aiming for privacy. In Singapore, a public record such as the Articles and Memorandum of Association detailing the personal and business information of shareholders is a must. Through a procurement of any of a Singapore employment pass including Dependant’s, foreigners may relocate to Singapore to live and work.
To get started with the business endeavor however, foreigners must employ the corporate services of companies such as Asiabizsetup to manage the procedure including the application for an Employment pass. 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. AsiaBizSetup.net address: 120 Telok Ayer Street Singapore 068589 phone: (65) 62426533 email: firstname.lastname@example.org website: http://www.asiabizsetup.net
Published on Dec 16, 2010
Set up your Singapore Company in one hour. We provide company registration, incorporation, immigration, accounting and taxation services to...