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Asiabizservices Provides Singapore Representative Office Setup In an unpredictable turn of world economy, it is only appropriate that a businessman espouses more wisdom in making decisions, especially, if it concerns financial investments. Even if a business is flourishing in a particular area, there might be chances that the same thing cannot be said if it is introduced in another locality. One effective approach in ascertaining the profitability of a certain product or service is by employing a representative office. “Despite not being bestowed with a legal personality, a Singapore representative office proffers a good vehicle in exploring the market potential of one area,” says a business specialist representing Asiabiz. She says in continuation that a representative office may conduct market research, surveys, and product sampling, among others. “Its staff can also engage in coordinating activities and liaising operations in behalf of its foreign mother company. Nevertheless, it is prohibited from pursuing commercial, profit-generating activities such as trading.” And because its nature of existence is non-profit, it is not taxed by the taxing authorities. Singapore allows a representative office to hold existence for three years with a renewal each year following its first registration. “After the three-year period, the representative ought to progress into a full-blown business. Within such period, the government grants the office privileges to interact with the market,” adds Asiabizservices, referring to the Custom Registration Number it can secure to permit the representative office to import and export products for testing. Asiabiz assists foreign companies and investors in their business needs as they choose to do business in Singapore. In registering a representative office, Asiabizservices chimes that the foreign company should submit documents such as registration application, a certified true copy of the foreign company’s incorporation certificate, a certified true copy of the foreign company’s latest annual report and audited financial statements, and a signed undertaking confirming adherence to Singapore’s regulations concerning the operations of a representative office. “Once these documents are ready, we can file them with the Companies Registrar. An indication of its approval is the Letter of Approval from the governing body, confirming the registration of the representative office,” describes Asiabizservices of the registration process, saying in addition that it may take five working days for the registration to complete. Asiabiz, a Singapore-based solution provider, handles business registration including a representative office in behalf of foreign companies and investors as the city-state does not grant eligibility to foreign entities that may be derived from possessing a Singapore Personal Access. Among others, it also handles applications for labor passes for foreign staff to man the office in Singapore. About the Publisher: Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more. Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs Incorporate a Singapore Company. It also provides chartered secretarial services. For more information visit: AsiaBizServices PTE LTD address: 120 Telok Ayer Street Singapore 068589 phone: +6563034614 email: sales@asiabizservices.com website: http://www.asiabizservices.com/


Asiabizservices Provides Singapore Representative Office Setup