Asiabizservices Advices When to Incorporate a Company
December 25, 2010 - After the global recession, the world saw Singapore pioneering Asia’s initiative in
recovery. Year 2010 started prolific to its market it delighted the Prime Minister to announce
Singapore’s GDP growth of 18.6% in the third quarter.
“Financial accountability of shareholders is not among the features of a private limited for they are only
held liable for how much unpaid shares they contracted in that company.” Hence, unlike other business
structures, the personal assets including liquid are not subject for seizure or foreclosure in case of
Cloaked with a legal trait, private limited companies in Singapore are deemed as tax residents and are
thus, privileged with tax exemptions and incentives. However, while this alone could already attract
investors, there are other considerations essential of weighing in before the appropriate time of forming
a company of such structure is ascertained.
Among them is the person behind the resident director’s position. Minimum requirement defines the
composition of a private limited to compose three separate individuals to earn respectively the title of a
shareholder, resident director, and company secretary.
Through the virtue of a labor pass such as Employment or Dependant pass, foreigners are allowed to be
appointed as a resident director, defined by Singapore’s Company Act as someone who is either be
citizen, or a permanent resident, or eligible employee/businessman.
Another crucial consideration is the annual requirements of private limited. Asiabizservices says that
most companies, foreign-owned in particular, rely on professional services offered by an independent
company in complying with those requirements.
“Asiabizservices provides solutions to corporate issues and responsibilities,” beams a corporate
secretary, claiming that her expertise has best been seen through Asiabizservices. She states yonder,
“we assist companies in preparing their financial statements including comprehensive income, director’s
report, annual tax returns, bookkeeping, and payroll services.”
Should necessity arise, Asiabizservices offers nominee services to occupy confidential positions such as a
resident director, shareholder, or agent.
Pondering upon these essentials, investors can register a private limited company at anytime the
requirements are satisfied. Asiabizservices could be of special help.
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