Asiabiz Proffers Representative Office Registration and Customs Registration Service

Asiabiz Proffers Representative Office Registration and Customs Registration ServiceMarch 4, 2011 - Investors that are uncertain whether or not they should invest immediately in a countrymay find a representative office favorable. Known as an administrative extension of a foreign company,a representative office is temporary and renewable each year.“A Singapore representative office is limited in its existence to three years, and with each yearrenewable,” says a business representative of Asiabiz Services, “it is an administrative arrangement withactivities limited to non-profit making.” Asiabiz Services is a business solutions creator and innovatorhelping businessmen settle and get started in Singapore.Because it is an extension providing liaison to a foreign mother company, a representative office doesnot maintain its own legal existence. Its functions are limited to providing customer support, conductingfeasibility studies and market research, and supervising activities of its parent company’s local agentsand distributors.Asiabiz Services adds: “A representative office is prohibited from entering into any business contract,leasing warehouse facilities and establishments, issuing invoices and receipts, and opening and receivingLetters of Credit.”Registering a representative is done with Singapore International Enterprise and through a professionalbusiness registration firm like Asiabiz. The documents to be submitted include among others, a dulycertified copy of the Certificate of the foreign Parent Company’s Certificate of Incorporation in English,foreign company’s latest annual report and audited financial accounts, and undertaking to abide theTerms and Conditions regulating the representatives’ offices in Singapore.Before the registration however, businessmen should consider the Name, Shareholders, and ChiefRepresentative of the office. Asiabiz Services says that the name must be similar to the foreign parentcompany which also maintains 100% of the shares. The chief representative is the head of staff in arepresentative office in Singapore. It can be occupied by a local or permanent resident or a foreignnational by obtaining an Employment pass.“Confirming the registration of a representative office is an issuance by the International Enterprise of aLetter of Approval,” chimes Asiabiz Services’ business consultant, saying additionally that after theregistration, it yonder assists businessmen in post-registration requirements.“Immediately after the registration, we help these foreign investors in accomplishing otherrequirements such as opening of corporate bank accounts and registering for Custom.Singapore has a wide selection of commercial and rural banks. Many of large international banksmaintain a subsidiary in the city-state as well. Custom registration on the other hand allows staff toimport and export sample products. Singapore Customs issues a custom registration number to arepresentative after compliance of requirements.Asiabiz Services provides other business solutions such as company registration, nominee andaccounting services.

About the Publisher:Asiabizservices offers one-stop business solutions to companies, particularly, those that are managedand owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreignentrepreneurs form a Singapore company. Among its specializations are Singapore company setup,corporate services, accounting services, nominee services, company registration, whether as a soleproprietorship, private limited, limited liability partnership; offshore company formation, incorporationof foreign companies either as a branch or subsidiary office, accounting services including payrollpreparation and more.Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfullyhelped thousands of both local and foreign entrepreneurs incorporate a Singapore Company. It alsoprovides chartered secretarial services.For more information visit:AsiaBizServices PTE LTDAddress: 120 Telok Ayer Street Singapore 068589Phone: +6563034614Email: sales@asiabizservices.comWebsite: http://www.asiabizservices.com/

Asiabiz Proffers Representative Office Registration and Customs Registration Service

by Zammy Enriquez

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