Asiabizsetup Provides Reliable Singapore Company Registration Services The fourth quarter of 2010 concluded strong with a 12.5% growth on GDP on year-on-year basus. As a whole, Singapore boasted a 14.7% increase. Singapore is among the countries in Asia forging the way to recovery amidst the slow and weak performance of giant economies such as the United States and some countries in Europe. Singapore assures her citizens that the city-state, along with other Asian countries shall remain resilient in creating a “favourable regional business environment for Singapore.” Singapore allows foreign investors to engage in any trading and may form any business structure. Depending on their preferences, foreigners can form a private limited company, partnership, or sole proprietorship. “If there are at least three individuals enthusiastic about business, they may prefer a private limited,” says Raj Beng, indicating that these individuals serve the requirements of a company director, shareholder, and company secretary. Raj continues saying that a private limited company “protects its shareholders and directors from financial liability because of the legal personality that cloaks the company, taking full responsibility of all its transactions.” Meanwhile, two individuals, natural or corporate may engage in partnership. The liability extends up to the personal assets of partners because the authorities do not recognize partnerships as a separate legal entity like a private limited. Individuals may also do business alone, through a sole proprietorship. Like partnerships, “sole proprietorship makes its owner accountable for losses and liability the business may incur throughout.” However, both the sole proprietors and partners enjoy unlimited liberty in their business activities and decisions and they are not subject for Double Taxation. Regardless of business structures chosen, all three are allowed to be owned 100% by foreigners. Foreigners, likewise, can import their capital, and repatriate their profits. Asiabiz handles company registration services especially for foreigners as they are restrained by local authorities to initiate the registration on their own unless they have previously obtained eligibility through a procurement of a labor pass. Included in its specializations are processing of labor pass and accounting services particularly drafting or financial statements and Director’s Report, 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: firstname.lastname@example.org website: http://www.asiabizsetup.net