Rikvin States Incorporate a Singapore Company Now

203 views

Published on

Rikvin is a Singapore private limited company established since 1995 to help investors and entrepreneurs recognize their enterprise dreams by incorporating a business or registering an enterprise firm in Singapore.

Published in: Business, Sports
  • Be the first to comment

  • Be the first to like this

Rikvin States Incorporate a Singapore Company Now

  1. 1. Rikvin States Incorporate a Singapore Company NowJuly 14, 2011 - In line with Singapore’s aim of evolving an international entrepreneurial city is thecreation of Action Community for Entrepreneurship [ACE], an organization involving the personal andpublic sector in conceiving a more entrepreneurial environment.Commenced in 2003 as an answer to the financial Review Committee’s recommendation, it has sincebecome active in reshaping the city-state into an innovative and entrepreneurial territory determined totake a proactive function and create new enterprise undertakings. Lately and along with NanyangTechnology University, they became the third founding member of the World Entrepreneurship Forumand poised to host the WEF forum in 2011.Singapore is anticipating a GDP growth by 6% in 2011 with domestic demand of Asia as the primarydriving force. Supporting the robust domestic demand in Asia are salary growth and government policiesand healthy fundamentals.“We also look forward to more financial activities in Singapore on account of new capacity supplementsin the progressive offerings of recreational amenities in the tourism-related services and constructingsector,” says Rikvin.Singapore continues to be a major investment hub in Asia and beyond. Foreign businesses canincorporate in the city-state in 3 choices: Singapore Subsidiary Office, Singapore Branch Office, andSingapore Representative Office.“A subsidiary office is a private limited company,” Rikvin starts its explanation, “its name may not be thesame with the parent business, can perform all enterprise undertakings in Singapore, and can be owned100% by a foreign company.”Its basic obligations encompass having a minimum of 1 shareholder that can either be a foreign or localindividual or business shareholder and a resident director of common residence. When it comes toliability, Rikvin is quick to say that the shareholders have limited liability.A branch office does not have a separate lawful character. Therefore, according to the regulations, itcannot engage in any lawsuit and will not come by assets in its title.“Its business name should be the identical with the parent company,” Rikvin continues, “as well as itsenterprise activities.”The company shall also assign 2 Singapore resident agents who will act as the head of the branch. Justlike the subsidiary office, the branch office too is needed to document its company’s audit reportssimultaneously with its parent company’s.To establish the enterprise potential in Singapore, a representative office is perfect. Whereas itsundertakings are limited to carrying out market research and coordinating with the parent business, itcan be a helpful vehicle in commencing a product or services should the office progresses into a full-blown enterprise after 3 years. “The chief representative nominated can reach out to vendors andagencies to better realise the market demands,” Rikvin adds.
  2. 2. Singapore boasts tax exemptions and advantages to resident businesses like a private limited.Furthermore, in certain parts, the government awards tax incentives. The environment of Singapore isconducive to an enterprise. Its expertise is distinguished by sophistication while its standard of living iscomparable to the Western style.Rikvin is a Singapore private limited company established since 1995 to help investors andentrepreneurs recognize their enterprise dreams by incorporating a business or registering an enterprisefirm in Singapore.About the Publisher:Rikvin offers business solutions for either local and foreign investors or entrepreneurs. One of itsspecialties is Singapore Company Incorporation. The company has successfully help hundreds of foreignindividuals form a Singapore company. Rikvin has effectively facilitated both non-resident and residentfinanciers build business firms in Singapore. Incoming calls in our phones are answered by live personsand not by an answering machine. We recognize the importance of your time and we are aware thattechnology cannot replace a person most especially, when we need to make vital business moves.Rikvin PTE LTD20 Cecil Street, #14-01, Equity Plaza, Singapore 049705Main Lines: (65) 6438 8887Fax: (65) 6438 2436Email: info@rikvin.comWebsite: http://www.rikvin.com/

×