Asiabizservices Talks About How to Register a Singapore Company

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 20, 2010 -- Asiabizservices, a leading ACRA registered service bureau provides immediate assistance to foreigners who wish to register a Singapore company. This firm also helps provide awareness on foreigners regarding additional regulations and permits that apply to non-Singapore citizens.

Asibizservices noted that, “ Most foreigners find it easy to start a business in Singapore as we have a very business friendly environment.”

To register a singapore company, businessmen should provide these following documents to the Accounting and Corporate Regulatory Authority (ACRA):

* Company name. Before the incorporation process starts, businessmen should register their company name to ACRA, which must not be used by another existing business, must not violate the trademark of other organizations, and must not be deemed vulgar or indecent by the authorities.
* Brief description of business activities
* Shareholders’ particulars and their percentage of ownership or shareholdings
* Director’s particulars

* Registered office address. In case a residential address is used, the shareholders should seek the approval of the Housing and Development Board or the Urban Development Authority.

(Note: It important that all the documents are in English language, if not, these should be translated by an authorized translation service provider.)

Meanwhile, these are the additional requirements for Singaporean citizens, foreign businessmen, and corporate entities.

For Singaporean Citizens: They are required to submit a copy of their Singapore identity card.

For Foreign Businessmen: If they want to relocate and setup a Singapore company, they should apply for Employment Pass or EntrePass visa.

But in case that they have no plans to stay in the country, they are required to appoint at least one resident director who may be a Singaporean citizen or a foreign individual who holds Employment Pass, EntrePass, Dependant Pass, or PR.

Meanwhile, foreign businessmen (or their appointed resident director) should provide a copy of their passport and proof of overseas residential address.

It is important to remember that under the Singapore Companies Act, foreign individuals and companies are prohibited to self-register their own business, making it a legal requirement to appoint a business registration firm which must be accredited by ACRA.

For Corporate Shareholder: A shareholder, which is a corporate entity, should provide the authorities with a certificate of incorporation of the parent company, the extract from ACRA showing its current registered address and its board of directors, and the Memorandum and Articles of Association which are documents showing the commercial activities and the internal management policies of a company.

Meanwhile, it is important to remember that Singapore allows 100 percent foreign ownership of a company, which is why foreign corporate entities choose the city-state as their headquarter in the Asia Pacific region. However, they are required to appoint at least one resident director who may be a Singaporean citizen or a foreigner who holds Employment Pass or EntrePass.

Asiabizservices is a leading corporate services firm that assists entrepreneurs and investors with the processes required to start a singapore company along with a range of other corporate services. The firm provides tailored solutions to meet entrepreneurs business objectives and manages the entire process of Singapore company set up. More information on How to Form A Singapore Company.

For more information:

AsiaBizServices.com
address: 120 Telok Ayer Street Singapore 068589
phone: +6563034614
website:http://www.asiabizservices.com/

register a singapore company     singapore     singapore entrepass     start a singapore company