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Rikvin Provides Singapore Company Setup With Relocation Package Rikvin is a prestigious firm established to assist investors, foreign to be specific, in establishing a business in Singapore. By laws, foreign nationals are not permitted to personally engage in legal transactions in the vicinity such as company incorporation, except, if they are holding a Singapore Personal Access. One of its business consultants explicates that a Singapore Personal Access bestows eligibility to its holder and which enable him to access BizFile, an online portal of more than 600 e-services available and where most of the business transactions are accomplished. Foreign companies must hire a professional firm like Rikvin to proceed with Singapore company incorporation. As a business solutions creator, Rikvin proffers a nominee director service temporarily for a company to pursue with the registration.

“A private limited company needs a resident director holding an ordinary residence, a shareholder, and a company secretary.” By holding an ordinary residence entails being a citizen or a permanent resident. And although Singapore allows 100% ownership and management of a company by foreign investors by owning a labor pass, only after a successful incorporation can the company initiate such application. Says Rikvin: “Only companies can apply for a labor pass through a sponsorship channeled through a professional firms like us or directly submitted to the Ministry of Manpower.” Investors must register first their company before it can submit applications for labor passes for all their foreign staff relocating to Singapore. Rikvin adds: “After the incorporation though, we shall process the application for an Employment pass or Entrepreneur pass so a foreign national such as the majority shareholder or any of his appointees can relocate to the city-state and occupy the resident director’s position.” Relative to the qualifications of the foreign applicant, either an Employment or Entrepreneur pass is issued by the Ministry of Manpower. Rikvin continues: “A Singapore Entrepreneur pass does not require that the applicant has earned his Bachelor’s degree from a tertiary level of educational institution. However, he is required to prove successful entrepreneurial skills, prepare a minimum paid-up capital of S$50,000, and draft a 10 page of business proposal outlining his business goals, marketing strategies, and sources of finances.” On the other hand, an Employment pass requires a tertiary level of educational attainment from a prestigious university. Unlike the other labor pass, its paid-up capital is only S$1 however. Of course, he must also have professional and specialization skills.” Irrespective of the nature of a labor pass, Rikvin provides the necessary assistance in order to enhance the chances of approval. Its team of accountants and market analysts are expert in drafting a sound and feasible business proposal. 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 Singapore company registration, Singapore 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 Setup With Relocation Package