Rikvin Provides Register a Singapore Company Services 

A Company that have a complete benefits that help foreign and local entrepreneurs setting their own business in Singapore.

by Peter Rhodes Wednesday, November 24, 2010
In registering a company, there are requirements that must be satisfied. In Singapore, this includes the company name, shareholders, resident directors, company secretary, share capital, registered address, and Memorandum & Articles of Association, whichever is applicable for which business structure.

“The company name must be approved by ACRA before the registration can commence,” says Rikvin, a company that serves foreign individuals by registering their company in their behalf, “to do that, the company name should not have any similarities to an existing company in Singapore and does not violate the morals and ethics.”

Once the company name is approved, the registration is spearheaded by submitting the documents to ACRA. Depending on the business structure, foreigners can register a sole proprietorship, partnership, private limited, and limited liability partnership.

In sole proprietorship and a partnership company, Rikvin says that after an approval of a business name, it can proceed to its setup by endorsing the application together with the necessary documents unless it needs additional business permits from other Government authorities.

For a private limited company, Rikvin states that the investors “have 60 days to register the company following the approval of its business name,” while for limited liability, “the registration should be complete within 2 months.”

Among its requirements are at least 1 shareholder, 1 resident director, 1 company secretary, and a local company address. The minimum initial paid-up share capital is S$1. The maximum number of shareholders for a private limited company is 50 and its detail must appear on public records. When it comes to directors, who can also be the shareholders and vice-versa, there is no limit to its number.

If the investor does not seek for relocation, a local resident director must be appointed as the head of the company. This individual must be a Singaporean citizen, permanent resident, or a holder of a valid working visas.

Should investors seek for relocation for themselves including their family or for their foreign staff, an Employment or Entrepreneur Pass is required.

Within 6 months from its registration, the company must “appoint a company secretary of ordinary residence,” Rikvin continues its elaboration. This means that the individual must be a citizen or permanent resident of Singapore.

On the other hand, the Memorandum of Association ought to specify the activities that the company will engage in while the Articles of Association contains the rules governing the internal management of the company.

Rikvin’s primary objective is to provide a Register Singapore company Services for investors from the local and abroad. It also offers accounting services and Nominee Director service for statutory compliance.

About the Publisher:
Rikvin, for many years has been helping entrepreneurs in the local and abroad to handle the company registration services in Singapore in their behalf, unless the investors themselves are eligible to initiate the registration.

Among other services, Rikvin specializes in Singapore Company Registrar, Singapore Gst Services, registration of a new company, accounting and secretarial services as well as compliance with statutory requirements like nominating a resident director.

For more information, visit:
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

General | Categories: financial, business
0    submitted by Peter Rhodes
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