Asiabizservices Provides Singapore General Partnership Formation Services
January 17, 2011 - Doing business is easiest in Singapore with its political and economic stability. Year
2010 concluded with 14.7% overall growth, and its government expects a 6% growth as it welcomes
Foreigners are especially attracted to Singapore’s business landscape as there is no restriction in foreign
ownership and expatriation in employment. And investors can repatriate their investment capital and
When it comes to taxes, there are no turnover, withholding, and capital gains taxes in Singapore. On the
contrary, Singapore grants certain tax incentives and exemptions and tax reliefs as prescribed in double
taxation treaties the city-state maintains with more than fifty countries.
Even a minimum of two individuals, either natural or corporate entity can join a business venture.
General partnership, a business structure allowing two or more individuals to carry on a business, grants
equal rights among partners to participate in the control and management of the business.
“Structure and control are among the benefits of a general partnership,” Asiabizservices chimes, stating
in addition that, “profits are also shared equally among others unless they are expressly stated in an
Partners may all be foreign nationals, and any one of them may be appointed as the local manager by
having an Entrepreneur or Employment pass. Nonetheless, for them to register a general partnership,
they must enlist the services of a professional firm.
“We handle everything, from registering a business name to submitting necessary documents for
registration with ACRA, and to processing the applications for a work visa for foreign partners to
relocate to Singapore.”
Registration of a business name does not take so much time as long as the proposed names are within
the laws of Singapore. Business names, for instance, must not be identical to another company whether
registered or reserved, so as to be mistaken for that company.
After a business name is approved, ACRA shall issue a Certification of Registered Company/Business
Name. And if all other documents are ready, the registration can then commence.
Asiabizservices cites the required documents as description of principal activities, local business address
for proposed business, copy of signature ID for the owner, local residential address of partners, and
declaration of compliance and statement of non-disqualification.
Asiabizservices exclaims they also assist businessmen in preparing all these documents. “They may stay
offshore while we carry out the registration of a business and application of labor passes including their
Dependant pass for their spouses and children, as long as they forward to our office the information
needed to complete such documents.”
After registration, certain business establishments may seek additional business permits and business
licenses. Asiabiz extends its services by assisting businessmen secure all required permits and licenses.
Even in payroll management, Asiabiz offers the best and accurate 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