Subsidiary Office Registration And Nominee Director Service Provided by Rikvin 

by Jinkie Mendrez Saturday, February 26, 2011
Singapore provides equal opportunities to companies and employees, foreign or local. It sees the importance of welcoming foreign talents as they contribute to the nation’s progress and thereby, find development in themselves as well.

A Singapore subsidiary office is the most promising business structure to adopt by foreign companies. One of Singapore’s premier business solutions and processes providers, Rikvin, says that a subsidiary office is independent from its foreign parent company in terms of having a legal personality which brings a few advantages.

“The juridical personality that cloaks a subsidiary office allows it to make its own decisions with regards to its activities, products and services, and management.”

It formulates its own Memorandum and Articles of Agreement too, specifying its business in Singapore and its board members.

Rikvin adds: “A subsidiary has majority of its stocks owned by the foreign company. It can even be possessed entirely by its mother company offshore.”

Because it adopts a private limited structure of business, it shares similar requirements from the point of incorporation to continual compliance.

Rikvin offers a nominee director service to help foreign companies proceed with the incorporation with ACRA.

Rikvin continues: “One of the requirements in its constitution is the presence of a resident director of ordinary residence. As a resident director, he is vested with executive powers and responsibilities as head of the subsidiary.”

Incorporation cannot proceed without a resident director as his personal information and signature are lodged in the Memorandum and Articles of Agreement.

Rikvin says that foreign companies can choose to engage the nominee director service for a long term or short-term basis.

About the Publisher:
Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company. The company provides complete corporate solutions to investors and entrepreneurs both local and abroad. Among its specializations are company registration, company setup and providing professional services relating to financing and compliance services.

Rikvin assures its clients of confidence in dealing with every transaction. Its employees maintain competence and above all, Rikvin’s principles adhere to business ethics and all applicable laws. Its goal is to provide a highly personalized and professional service worthy of our clients loyalty.

“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 Jinkie Mendrez
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