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Asiabizservices Provides Singapore Company Setup Services

January 7, 2011 - In the fourth quarter of 2010, the Ministry of Trade and Industry reported a growth in economic activity in Singapore by 12.5% on a year-on-year basis, an improvement by 2% from last year’s third quarter. Also, the economy went up by 6.9% on a seasonally-adjusted quarter-on-quarter annualized basis. The increment is a stark contrast to the third quarter’s 18.9%. As a whole, Singapore’s economy has expanded by 14.7%,a 0.3%short on MTI’s growth forecast of 15%. Regardless, even a slight upturn would indicate a positive outlook on Singapore’s economy. Equipped with the latest technology as evidenced by her infrastructures, information and communication, Singapore continues to attract investors from across the borders. Chi Han, a business analyst in the city-state affirms the attractive entrepreneurial landscape only Singapore could offer— lower taxes on corporations and personal. “On a corporate level, tax residents enjoy tax exemptions and certain incentives. On the personal level, the income is charged on a progressive rate.” Han delights that Asiabiz Services remains committed in serving foreign investors by bestowing corporate solutions such as incorporation of a Singapore company. She articulates that the procedure is divided between two phases: the company name registration and the company registration, both of which are governed by ACRA. “The company name must not be identical to any other company registered and reserved with ACRA under the Companies Act, Partnership Act, Limited Liability Partnership Act, so no company is mistaken for another,” says Chi, adding that ACRA evaluates the proposed company names submitted and the result is determined after a few hours. As it could be a toilsome endeavor, both local and foreigners are advised to prepare a list of possible names so that when one or three proposed names are already taken, they still have more to submit for approval, and thus, they save time. Asiabiz Services provide free Singapore name availability check for investors desiring to start a company in Singapore. It asks investors to provide Asiabiz Services at least two proposed names for approval by filling up an online application. After the result is released, the investors are informed via an e-mail. Upon approval of a company name, the investors shall then submit the necessary documents, including the certificate of company name to ACRA to commence with the registration. Han continues to expound that a private limited company is formed by three individuals, particularly, the resident director who shall exercise executive powers and authority, shareholder, and company secretary. A sole proprietorship requires one individual, the proprietor himself or herself. The partnership and limited liability partnership need at least two, which can be natural persons or another corporate body. Shareholders in a private limited company may also be a corporate body. “By securing a labor pass, foreigners can occupy the position of a resident director in a company, and local manager in sole proprietorship, partnership, and limited liability partnership,” Chi exclaims in elaboration.


Asiabiz Services has a team of business consultants and accountants to accomplish each stage of procedure and satisfy each requirement as stipulated by the laws of Singapore. “We exist in the service of businessmen,� Han quips to signify the conclusion of the subject.

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 Company Setup Services