| |
Newsroom /
Business
/
Business
/
Asiabizservices Provides Singapore Company Incorporation Services
Asiabizservices Provides Singapore Company Incorporation Services
With Employment Pass, foreign individuals can actively participate in running the business ventures in Singapore, be employed by companies in Singapore, and be appointed as a local manager in case the principal owner is a foreigner who does not seek relocation.
Telok Ayer Street,
Singapore,
Singapore
(prbd.net)
27/11/2010
Asiabizservices is a private limited company based in Singapore with a primary objective of rendering Singapore Company Incorporation Services. In a brief conversation with one of the business consultants of Asiabizservices, it is understood that foreign businessmen can take advantage of Singapore’s excellent business environment in 3 ways.
Investors may consider relocation, non-relocation, and hiring a nominee director.
“Relocation is possible through an Employment or Entrepreneur Pass,” the business consultant of Asiabizservices commences the discussion.
To differentiate, an Employment Pass requires a tertiary level of education, professional or specialization skills, and monthly salary amounting not below S$2,500. With this pass, foreign individuals can actively participate in running the business ventures in Singapore, be employed by companies in Singapore regardless of the nature of ownership, and be appointed as a local manager or local resident director in case the principal owner is a foreigner who does not seek relocation.
An Entrepreneur Pass on the other hand, does not require tertiary level of education. Nevertheless, its issuance depends on the specialty skills of the applicant. The Ministry of Manpower evaluates the capacity of an individual in terms of entrepreneurship experience or business innovation.
Both Passes are eligible for a Dependent Pass for spouses and children. The Dependent Pass also entitles a person to be appointed as a local manager and or local resident director under certain circumstances.
“A local manager or local resident director is appointed before the incorporation procedure commences should foreign investors do not desire for relocation,” Asiabizservices continues with the conversation, detailing on the qualifications of a local manager or resident director, which the business consultant says, “who is a Singaporean citizen, a Singaporean Permanent resident or a holder of a working pass can take that position.”
If nobody is deemed available for the directorship position, the foreign investors or companies may hire a nominee director service.
A nominee director is an individual occupying the position of a local resident director strictly for statutory compliance purpose only. It is also among the specializations of Asiabizservices.
In such service, a nominee director can serve as the local resident director on a temporary or long-term basis at the discretion of the foreign owner. Since it is agreed solely to satisfy the statutory condition, the nominee director does not possess executory powers nor does he maintain corporate responsibilities.
About the Publisher:
For many years, Asiabizservices has served the community by taking charge of Singapore company incorporation, processing the necessary working visas of entrepreneurs or employees, and providing services such as accounting, secretarial and statutory compliance with certain requirements.
AsiaBiz is a company that provides Singapore company registrar services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, Singapore accounting services, book keeping requirements, and other compliance matters stated under the Singapore law.
For more information:
AsiaBizServices.com
address: 120 Telok Ayer Street Singapore 068589
phone: +6563034614
email: sales@asiabizservices.com
website: http://www.asiabizservices.com/
About
AsiaBiz is a company that provides Singapore Company Registration services to local and foreign entrepreneurs and investors.
|