Asiabizservices Discusses Pre- Incorporation Considerations
December 15, 2010 - A private limited company is the common structure of business registered in
Singapore. It is tax-efficient owing to its being a resident company. Treated with a separate legal status, a private limited company can, by its name, acquire assets and file a lawsuit. In turn, it can be sued against and incur lossesand liabilities. Foreigners wishing to establish a business in Singapore can engage Asiabizservices to handle the company registration in their behalf. “Foreigners in most casesare not yet eligible to conduct such legal and businesstransactions since they do not hold the needed qualifications,” says Asiabizservices referring to the employment passas among the necessary qualifications. Most transactions are done with a pass code derived from a National Registered Identity card or Singapore Personal Accesscard. Foreigners shall coordinate with a company by submitting the required documents and completing the requirements. Asiabizservices elaborates, “Our clients furnish us with documents such as the Memorandum and Articles of Association, Information of Shareholders and Directors and the company secretary, description of company activities, company name and its local addressregistered.” The company name is the first that seeks approval. It must be checked with ACRAfor any duplicity. To be approved, a company name must be unique and does not bear any infringement of trademarks. Upon approval by ACRA,the documents are then forwarded. Asiabizservices continues, among the requirements in forming a Singapore company includes at least one director, one shareholder and one company secretary. “There must be one resident director which shall act as the head of the company,” adds Asiabizservices, “the resident director is either a citizen or a permanent resident of Singapore or an Employment Pass holder and resides in Singapore.” In case a shareholder or an investor seeks relocation, he or she may apply for an Employment pass, which shall also make him or her eligible to occupy the resident director’s position. Shareholders can also be directors themselves. Directors on the other hand, can either be a shareholder or a non-shareholder.
About the Publisher: 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, and accounting services including payroll preparation.
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.
For more information visit: AsiaBizServices.com Address: 120 Telok Ayer Street Singapore 068589 Phone: +6563034614 Email: email@example.com Website: http://www.asiabizservices.com/
Shareholders can also be directors themselves. Directors on the other hand, can either be a shareholder or a non-shareholder.