Asiabizservices Confers Nominee Shareholder Service Singapore’s Finance Minister Tharman Shanmugaratnam says that the government’s directions of its budget for 2011 are to strengthen its economy and society for the future. The first direction can be attained by growing incomes for all Singaporeans. Over this decade, the government aims to increase in real terms the citizen’s income by 30%. To grow the economy, the businesses must be upgraded. The government will invest in enhancing skills, craftsmanship, and the quality service of every job. Meanwhile, to strengthen the society, Singapore shall take “further measures to ensure an inclusive society—where each one can contribute and share in the country’s progress, regardless of where they start from.” For many years, Singapore’s position as a favorite investment hub in Asia Pacific is further strengthened by its attractive entrepreneurial landscape constituting of its sound and fair business policy, and infrastructures in technology, information, and communication. Entrepreneurs can establish any type of business in the city-state. The business undertaken can embrace any of the available business structures. A feature that attracts businessmen is the financial protection clause that could cloak investors during accountability. Asiabiz Services, a firm based in Singapore dedicated to assist foreign investors in their business needs by providing solutions and processes says that a private limited company is always promising. “Blanketed with its own juridical personality, a private limited company assumes all responsibilities in its operations. It holds all accountabilities to its own resources.” The personal resources of each shareholder—the term used to refer to investors owning stocks in a company—including the real estate and financial assets are protected from winding up just in case. Foreigners may own the entire stocks or shares in a private limited company. The company may even be managed by foreign nationals. However, in its incorporation, none of these foreigners is allowed to initiate the procedure. ACRA, the regulating body of business organizations prescribes these foreigners to engage the services of a professional business registration firm. “There are three individuals independent of each other that should constitute a private limited company,” says Asiabiz in continuation of its elucidation, “these are the resident director, shareholder, and company secretary.” A shareholder can be a natural person that could be a Singaporean local, a permanent resident or a foreign national. If the foreign shareholder seeks to relocate to the city-state, either an Employment or Entrepreneur pass should be obtained. A shareholder can also be a corporate. In such case, the registration details of that company are included among the documents submitted to ACRA during incorporation.
For the purpose of keeping an identity confidential, a shareholder may wish to engage a Singapore nominee shareholder service. â€œA nominee shareholder holds shares in trust in behalf of the beneficiary shareholder,â€? chants Asiabiz, which catalogues nominee shareholder as among its nominee services it specializes. A nominee shareholder is ratified by Memorandum of Agreement prepared and signed by two parties: the shareholder and Asiabiz, and which can be revoked at anytime. 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: firstname.lastname@example.org website: http://www.asiabizservices.com/
Published on Feb 25, 2011
A nominee shareholder is normally used in conjunction with a director and secretary, but rarely on it own. Ready made companies will often u...