Asiabizsetup Provides Singapore Company Incorporation With Employment Pass Application

By Author: Diane Paz
Total Articles: 172
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Foreigners are not only allowed 100% in possession of shares of the company registered in Singapore. They can also be directly involved in the affairs of the company. Foreign investors may apply for an Employment pass to enable them to live and do business in Singapore.

Nonetheless, the Employment pass is the next process to handle after the company incorporation. Both processes are ideally administered by a Singapore company registration firm, and not the investors themselves, unless foreign investors are eligible to do so.

There are 3 simple steps in incorporating a company and applying for an Employment pass in Singapore, says Asiabizsetup, a company of private limited committed to assist foreign investors incorporate a company in Singapore with relocation.

The first step is the collation of company requirements. This includes preparing the capital for the business and finding a local address in Singapore where the company shall set up, and having individuals who shall be the shareholder, resident director, and company secretary.

The resident director shall be of ordinary residence, which means ...
... that the individual may either be a Singapore citizen or a permanent resident. Foreign Investor may also be qualified to occupy such position after procuring an Employment pass.

Because the resident director must be a local resident, a nominee director is necessary. Asiabizsetup says that once a client-company employs their nominee director, the term is decided by the investor. In this case, the nominee director is valid only once the incorporation is complete and the investor has also been issued with the Employment pass.

Shareholders may number up to 50. They may either be a natural living person or another business entity, Asiabizsetup adds, Shareholders may also act as a director of a company. Thus, directors may be shareholders at the same time or non-shareholders.

Before the necessary documents are forwarded to ACRA through bizfile, they must be duly signed by the investor, shareholders, resident director [in this case, the nominee], and directors [in the event that there are more than 1 director, in which case, the nationality may be foreign].

The second step involves the process of Singapore Employment pass application. Asiabizsetup shall gather the required documents and submit them to the Ministry of Manpower. After approval, the Ministry shall send a notification entitled In-principle Approval via e-mail to the investor informing him or her that the Employment pass has been approved.

The In-principle Approval notification has an implied single entry pass to Singapore, Asiabizsetup continues its elaboration, it must be printed to accompany other documents to be presented to the Work Pass Division of the Ministry of Manpower for collection of the labor pass.

Asiabizsetup shall set the schedule for and assist personally the investor in claiming for the labor pass. After which, the directorship is transferred to the investor.
Asiabizsetup is a leader in providing corporate services to foreign investors and entrepreneurs. It specializes in nominee services including those that involve shareholding and agents.

Asiabizsetup has been assisting clients from all over the globe for Singapore company registration matters. It facilitates processing and submission of requirements to incorporate a Singapore Company. Our success rate is phenomenal, and all most all of our enterprise clients have entrusted us, with the routine management tasks such as book keeping and secretarial services and we continue to impress them beyond our promise.

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, kindly email us at sales@asiabizsetup.net or give us a call at +65 62426533.