ACRA, the city-state’s governing body of business organizations and company registrar directs foreign companies and investors to engage the services of professional business registration service providers. A foreigner who is interested in getting an employment or starting his entrepreneurship in Singapore has to apply for an Entrepreneur’s pass and Employment pass, which is granted and regulated by Singapore’s Ministry of Manpower, based on the qualification of the foreign applicant. An applicant, who wishes for an Entrepreneurship pass, first has to apply for a labor pass before getting the company registered. The Entrepreneurship pass plays the most important role in defining, whether or not a business can be registered. Fideserv helps its customers in the application and approval process for getting this pass.
A 10-page business proposal should be submitted along with curriculum vitae and other pertinent documents to the Ministry of Manpower, which should incorporate the following terms like the feasibility of a business, its goals, products or services, and marketing strategies. Meanwhile, curriculum vitae shall detail the entrepreneurial skills of the foreign entrepreneur. There is one more requirement that needs to fulfilled, for getting an entrepreneurship pass is, the minimum paid up capital of S$50,000 is to be paid, added Fideserv. After all the formalities are done and the company gets registered, the labor pass holder becomes the director. But if they are still offshore he can continue taking the nominee director service of Fideserv and other services including incorporation; company Secretary etc. The company does not only provide assistance through the Nominee Director to the foreign nationals. However it does provides services like [URL=https://fideserv.com/accounting-services-singapore/]Accounting and bookkeeping in Singapore[/URL].
An entrepreneurship is not just about setting a firm, but there are other factors that are inevitable for the smooth running of a business. Financial factors are certainly at the top of the tree and proficient accounts professionals at Fideserv provide the clients with the best accounting service, specially designed to suit their needs, prepare directors report and follow all the necessary accounting procedure to assist the person sitting abroad in managing the business. “If any foreign national wants to setup an enterprise in Singapore, then with Fideserv, he will be fully assisted by its [URL=https://fideserv.com/nominee-director-services-singapore/]nominee director services in Singapore [/URL] that will ensure his compliance with all the relevant laws”, said an official from Fidserv.
About Fideserv
Fideserv is a Singapore-based firm, which offers business consulting services. They take care of everything including incorporation, compliance, tax filings, preparation of management accounts, financials and growth consulting. The company aims to offer unmatched quality of service through its qualified team of professionals.
Contact Information
Address: 7 Temasek Boulevard
@12-07 Suntec Tower One
Singapore 038987
Phone: +65 3158 4471
Email: info@fideserv.com