Asiabizservices Says Incorporate a Singapore Company Now
December 7, 2010 - In line with Singapore’s goal of becoming a global entrepreneurial city is the creation
of Action Community for Entrepreneurship [ACE], an organization involving the private and public sector
in creating a more entrepreneurial environment.
Launched in 2003 as a response to the Economic Review Committee’s recommendation, it has since
become active in reshaping the city-state into an innovative and entrepreneurial nation determined to
take a proactive role and create fresh business undertakings. Recently and along with Nanyang
Technology University, they became the third founding member of the World Entrepreneurship Forum
and poised to host the WEF forum in 2011.
Singapore is expecting a GDP growth by 6% in 2011 with domestic demand of Asia as the primary driving
force. Supporting the robust domestic demand in Asia are wage growth and government policies and
“We also look forward to more economic activities in Singapore on account of new capacity additions in
the progressive offerings of recreational facilities in the tourism-related services and manufacturing
sector,” says Asiabizservices.
Singapore remains to be a major investment hub in Asia and beyond. Foreign companies can
incorporate in the city-state in 3 options: subsidiary, branch, and representative offices.
“A subsidiary office is a private limited company,” Asiabizservices begins its explanation, “its name may
not be the same with the parent company, can conduct all business activities in Singapore, and can be
owned 100% by a foreign company.”
Its basic requirements include having a minimum of 1 shareholder that can either be a foreign or local
individual or corporate shareholder and a resident director of ordinary residence. When it comes to
liability, Asiabizservices is quick to say that the shareholders have limited liability.
A branch office does not have a separate legal personality. Thus, according to the laws, it cannot engage
in any lawsuit and cannot acquire assets in its name.
“Its business name must be the same with the parent company,” Asiabizservices continues, “as well as
its business activities.”
The company shall also appoint 2 Singapore resident agents who will act as the head of the branch. Just
like the subsidiary office, the branch office too is required to file its company’s audit reports together
with its parent company’s.
To determine the business potential in Singapore, a representative office is ideal. Although its activities
are limited to conducting market research and coordinating with the parent company, it can be a useful
vehicle in launching a product or services should the office progresses into a full-blown business after 3
years. “The chief representative appointed can reach out to distributors and agents to better
understand the market demands,” Asiabizservices adds.
Singapore offers tax exemptions and benefits to resident companies like a private limited. Also, in
certain sectors, the government awards tax incentives. The environment of Singapore is conducive to a
business. Its technology is characterized by sophistication while its standard of living is comparable to
the Western style.
Asiabizservices is a Singapore private limited company established since 1995 to help investors and
entrepreneurs realize their business dreams by incorporating a company or registering a business firm in
About the publisher:
Since its inception, Asiabizservices assists foreign entrepreneurs establish a company in Singapore.
Among its specializations are corporate services, accounting services and nominee services.
Asiabizservices does not waver in its goal to establish its reputation in the industry by helping investors
register a company in Singapore. Such efforts pay off as the company is among the prestigious corporate
solutions providers in Singapore.
Among its specializations are Singapore 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:
Address: 120 Telok Ayer Street Singapore 068589