Rikvin Assists In Setting up an Importation business And Securing Business Permits 

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

by Freebies Aryell Tuesday, February 15, 2011
Trading is what underlies a majority of the economic policy of Singapore. An advocate of free trade, the business policies the city-state implemented are attractive and fairly supportive of revenue-generating activities. Importation, an international trading of goods is deemed as the hottest commercial trends in this age and technology.

Rikvin provides business solutions and innovations to foreign companies and entrepreneurs as per stipulation of the Business Acts of Singapore in governing business activities and relations, and policy of ACRA, the national regulator of business organizations.

“Before importation dealing commences, it must first register as a business entity embracing structure such as a sole proprietorship, partnership, or a private limited company,” says one of Rikvin’s business consultants. In Singapore, foreign entrepreneurs are instructed to hire a professional business registration firm to help them set up a business.

The affairs of foreign-owned importation business are managed by a manager appointed from among the locals.

Says Rikvin: “Should the sole proprietor or general partner ought to take that position, a prior approval must be sought from the Ministry of Manpower and the Employment pass must be applied.”

Rikvin adds that in a private limited company however, a possession of an Entrepreneur or Employment pass by a foreign national entitles him the position of a resident director or the local manager. Only after a successful registration of a business can the labor pass be applied with the Ministry of Manpower.

“After successful registration with ACRA and application of a labor pass, the business must then activate its Custom Accounts using ACRA-assigned Unique Entity Number and SingPass. Then, the entrepreneur should register with Singapore Customs as well,” Rikvin continues to say.

If the goods imported are food and animal products and drugs and telecommunication merchandises, a corresponding license for each category from appropriate bureau is obtained. Thus, if the products imported into Singapore are livestock and poultry for instance, an appropriate license is secured from Agri-food and Veterinary Authority of Singapore.

Rikvin helps in this procedure too. When availed of its services, it ensures that the entrepreneurs are walked through every step of the procedure including acquiring all necessary requirements, especially that in every license applied, a significant amount of paperwork is essential. This includes insurance papers, customs documentation, and other paperwork for controlled goods.

Because it deals services and goods, an importation business must register for Goods and Services Tax with IRAS, too.

Rikvin further provides business solutions such as payroll management, bookkeeping, and nominee services for all business establishments in Singapore.

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 Freebies Aryell
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