Rikvin Highlights Incorporation Benefits 

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

by Dogg Kenn Wednesday, March 30, 2011
Doing business is easiest when the incorporation procedure takes only two steps and where the entrepreneurial landscape includes very friendly policy on taxation and ownership. Such is the scenario in Singapore.

Foreign companies and investors are drawn to Singapore as she held on to her position for five consecutive years as the easiest place to do business in the 2011 Ease of Doing Business Report after canvassing 118 economies initiated by the International Finance Corporation.

Singapore scored high on benchmarks like trading across borders, taxation, business registration procedure, and valuation of human resources.

Singapore does not sacrifice the quality of life for growth. In fact, despite its meager natural resources, Singapore manages to sustain the nature without sacrificing dwelling quality.

The taxation in Singapore is among the advantages of incorporating a company.

“All newly incorporated companies enjoy tax benefits for the first three consecutive years,” says Rikvin’s business consultant.

“Tax is exempted for the first S$100,000 accumulated revenues. An additional 50% off on the tax rate for the next S$200,000,” quips the male business consultant.

To qualify, the company must be a tax resident in the year of assessment. This means that the control of the management is rooted in Singapore. There shall also be no more than 20 shareholders that are individuals. Or at least there is one individual shareholder that holds 10% of the total company shares.

Those who do not qualify for the tax exemptions, they may enjoy tax incentives that the government has also prepared.

“Companies are given reduced tax rate such as 4.25% on their first S$10,000 revenues, 8.5% between S$10,001 and S$300,000, and 17% on S$300,000,” says Rikvin.

In addition, there are tax incentives such as exemptions and or reduced tax rates to industry-specific company.

“Singapore signed the Avoidance of Double Taxation Treaty with more than a hundred economies across the borders. Investors coming from an economy with which the government has a treaty is exempted from Double Taxation.,” Rikvin utters in conclusion.

Rikvin provides services such as assistance in filing for corporate and personal tax returns.

About the Publisher:
Rikvin has successfully helped foreign and local entrepreneurs form a company. The company provides complete corporate solutions to investors and entrepreneurs both local and abroad. Among its specializations are company registration and providing income tax Singapore consulting 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 Dogg Kenn
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