Asiabiz Offers Singapore Nominee Agent Services

By Author: Diane Paz
Total Articles: 172
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As required by the Singapore Companies Act, all Singapore Private Limited companies must have at least one shareholder, resident director and company secretary. Moreover, the resident director and company secretary are required to either be Singapore citizens or permanent residents, holders of employment Pass / EntrePass / Dependant’s Pass. However, if you find it difficult to find a local Singapore resident director, company secretary, resident agent in accordance to the Singapore Companies Act, you can engage a Nominee Director Service and Company secretary. Additionally, foreigners interested in setting up a branch office in Singapore, must appoint two Singapore residents or foreign staff members to act as branch agents of the branch office. It is surprising to find however that there are only a few incorporation companies offering services as such for your company. On one hand, though, it is easy to find a nominee shareholder since he doesn’t have to comply with residency requirements, unlike a nominee director, nominee agent and company secretary. Having a nominee shareholder is ideal for foreign entrepreneurs who want ...
... to maintain personal privacy in business transactions.

Considering the growing number of company registrars operating in the market these days, looking for the best Company Registrar takes proper knowledge and practice. It is important also that you have sufficient knowledge on the present registration services market in order to find an affordable registration services package for your company incorporation needs. You can do this without much hassle with the help of the Internet technology. Various sites in the Internet will provide you the quotes of different registration companies.

As already discussed above, foreign companies interested in setting up a branch office in Singapore must nominate two Singapore residents or foreign staff members as branch agents of the branch office. An Employment Pass is necessary in order for foreign staff members to relocate and run the branch office in Singapore. AsiaBiz can provide the branch office with two resident agents through our Nominee Agent Service.

Through our Nominee Agent Service, you can incorporate your branch office quickly and in most cases act as temporary agents until the appointed foreign staff members have obtained their Employment Passes or suitable Singapore residents are found and appointed as agents. We can provide our Nominee Agents for your branch office provided the followings conditions are met:
The service is only for compliance with statutory requirements. The Nominee Agents will not involve themselves with the management, financial, or operational matters of the company.
The parent company is required to appoint one or more individuals to be responsible for running the branch office operations.
AsiaBiz Service’s initial and ongoing KYC requirements must be complied by the company.
Our Nominee Agent Indemnity Agreement must be signed and executed by the company.

For the provision of the Nominee Agent Service, a refundable security deposit will be required of the company. You can terminate the service at any time. However, the parent company is required to appoint new Singapore resident agents to meet the statutory requirement.

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Asiabizservices is the leading Singapore Branch Office Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs manage their Singapore company name check. Our office is located at Raffles Place, in the heart of the Singapore business district (“CBD”). One of our invaluable services is to provide Singapore shelf companies for clients with specific requests. Each of these shelf companies meets all the necessary requirements and can be purchase for immediate operation. 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.