Page 1

Asiabizservices Says Incorporate Your Company With Us Year 2010 is almost at its concluding point, and yet Singapore’s economic performance continues to show strength. Its manufacturing sector announced a performance growth of 39.8% in November 2010 in its December 24, 2010 report. Such growth, which excludes sectors in biomedical manufacturing, displayed 16.1% increment. Compared to the same period last year, the manufacturing output on a three-month average basis in November 2010 was 31.7%. The first eleven months of 2010 were characterized by 3.8% output expansion in manufacturing sector. Its output increase on seasonally-adjusted month-on-month basis was 1.1% in November 2010. Singapore is confident another year will unfold before it with positive promises. The Ministry of Trade and Industry expects its GDP to grow between 4 and 7% by the first quarter of 2011. Businessmen may either form a new private limited corporation or foreign companies register a subsidiary branch in Singapore, and both shall enjoy a similar advantage. “A subsidiary branch, although it acts as an extension of its parent company, is registered as a private. Most businessmen favor private limited companies because of the protection it provides to shareholders and managing directors. In the event of a business failure which may result to liability and losses, only the assets and resources of the private limited company are accounted for settlement. Assets and finances procured personally by shareholders and or directors are exempted. Thence, they cannot go bankrupt. Further, the company is perpetual upon incorporation, and hence may continue to exist even after several changes have been made to its board, shareholders, and company secretary, it is designed to preserve its private nature. “Which means that the ownership may be transferred to someone or to another corporate entity that has already been a part of the company’s shareholders from its inception,” explains Han, implying that a shareholder should first seek the approval of the board before his or her share can be put up for sale. Asiabiz Services has been founded to provide solutions to corporations. Composed of dynamic and competent business managers and accountants, Asiabiz Services offers solutions such as company incorporation, application of labor pass, nominee and accounting services. 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 Says Incorporate Your Company With Us  

Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepr...

Advertisement
Read more
Read more
Similar to
Popular now
Just for you