Rikvin Provides Singapore Company Setup Services 

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

by Perrie Cardine Wednesday, January 05, 2011
Investors and entrepreneurs eye Singapore to be their ideal business destination. It is the easiest place to do business as evidenced in the 2011 Report of Ease of Doing Business by the International Finance Corporation of World Bank after canvassing 183 economies.

Singapore’s business policy, especially covering the taxation, is among the world’s most attractive, whereby, newly incorporated companies are privileged with tax exemptions. Certain types of business entities are indulged with tax incentives as well.

Technology is among the specialties of the city-state, which boasts as having the world’s most sophisticated in information, communication, infrastructures, and transportation. Resting at the southern tip of the Malay Peninsula, it provides the crossroads for east and west, thereby, providing the gateway to unlimited business opportunities.

Businessmen may start a private limited company for a corporation, limited liability partnership for a combination of corporation and partnership, and public company.

Each of these organizations features unique characteristics and require different requirements. Say Hun, Rikvin’s business specialists enumerates these differences.

“A private limited company is formed by three different individuals occupying the positions of resident director, shareholder, and company secretary,” begins Say, emphasizing that a resident director is the head of all directors and must be of ordinary residence. Having an ordinary entails being a local or a permanent resident.

“Obtaining an Employment pass shall qualify a foreign individual to earn the title of a resident director.” Of course, bankruptcy and conviction of malpractice must not characterize any of these three individuals.

A limited liability partnership may be formed by two partners. Foreign individuals, by holding an Employment pass can be among the partners. There must also be a local manager should the LLP be owned by a foreigner or foreigners.

Both the private limited company and limited liability partnership enjoy legal existence different from their shareholders, partners, and directors. Thus, these individuals are protected from unlimited financial liability. Moreover, their shareholders or partners may be natural living persons or corporate body.

A public company, on the other hand, can be limited by shares or guarantee. Say Hun resumes explicating the difference.

“A public company limited by shares has shareholders numbering to fifty. Its capital can be raised by offering shares and debentures to the public. Whereas, a public company limited by guarantee has its shareholders limited to twenty. These shareholders agree to pay a certain amount in case of winding up.”

Foreigners cannot personally register any company in Singapore because they have to earn their eligibility first. By earning their eligibility means they must have legal permission from the authorities and the legal permission can be derived from a Singapore Personal Access Card, National Registration Identity Card, Blue Card, or Labor passes like Employment, Entrepreneur, and Dependant pass.

Foreign investors are restricted by local authorities to apply for a labor pass unless they have successfully registered their company.

Rikvin accepts services such as company incorporation, application of labor pass, and accounting and bookkeeping, among others. Registered in 1995, it has since assisted hundreds of companies.

About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.

Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore accounting service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.

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.

For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com
Website: http://www.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 Perrie Cardine
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