Incorporation Company Registration In Singapore

in Singapore

One of the best tax-efficient structures for conducting international business is Singapore company formation. A foreign national or company interested in starting or expanding his business in Singapore must comply with the rules and regulations on applying for a valid Singapore work permit or nominating a company director.
If you are interested in incorporating a Singapore company and wish to handle the business operations from overseas, you need not apply for a relocation visa. However, you are required to nominate at least one director to manage your Singapore operations. Individuals eligible for appointment as a nominee director are:

* A Singapore Citizen
* A Permanent Singapore Resident or
* A valid Singapore work permit holder

Most firms that specialize in Singapore company formation services can provide the services of a nominee local director depending on the needs of the client. Other statutory requirements for incorporating of a Singapore company include:

* A qualified company secretary
* A local registered office
* Minimum share capital of $1

A foreigner is allowed to own 100% of the shares of a Singapore company. All post-tax profits of the company can freely repatriate to you anywhere in the world.  No exchange control restrictions are imposed in Singapore. Singapore dollar is one of the most stable currencies in the world.

If you wish to have direct access to the administration of your Singapore Company, then you must consider relocating to Singapore.  Through this, you will be required to obtain a valid work permit. Some of the main Singapore work permit schemes include:

Employment Pass (EP): An employment pass, meant for skilled workers and company owners, is valid for up to two years.  It can be acquired even after the incorporation of your company.  Based on the EP, you can apply for a Dependant Pass, which allows your immediate family members to live, study and work in Singapore.
An Employment Pass is approved by the Ministry of Manpower, Singapore, and is easier to acquire than an Entrepreneur Pass.  Until the approval of your application, you will have to appoint a local nominee director.
Entrepreneur Pass (EntrePass): An EntrePass is issued only to company owners who are able to furnish a detailed business plan The said business plan must include the following key information: marketing strategy, industry analysis reports, personnel strategy of the company and the company’s scope of economic value addition to the country. Through an EntrePass, you can easily travel to and from Singapore at anytime. You can also renew it as long as your business stays viable.  Holding an Entrepreneur Pass also makes you eligible to apply for Dependent Passes.
The processing of an EntrePass takes over six weeks as it requires joint approval from the Standards, Productivity and Innovation Board Singapore (SPRING) and the Ministry of Manpower (MOM).

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Patrick Flemin has 1 articles online

Asiabizservices is the leading Singapore Company Incorporation Services Specialists. It has successfully helped thousands of foreign form a Singapore company. It consists of qualified company secretaries, accountants and nominee agent, specially trained in Singapore company registration. Among its specializations are singapore entrepass, corporate services, accounting services, nominee services, incorporation company registration and more. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.

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Incorporation Company Registration In Singapore

This article was published on 2011/04/17