Singapore Company Registration Without Relocation Discussed By Rikvin Singapore maintains an entrepreneurial landscape to strengthen its position as the favorite investment hub in Asia Pacific. Investors from across the borders come to the city-state to expand their business or explore opportunities. One of the best things about doing business in Singapore is the un-necessity of relocation. Businessmen unprepared to relocate can still take advantage of the business potential offered in the city-state. “Principal investors can appoint someone qualified to be the resident director in a company, specifically, in a private limited company,” says a business consultant of Rikvin. Founded in 1996 in Singapore, Rikvin commits to helping foreign companies and entrepreneurs set up a business in the nation. “A resident director can be a local, either a citizen or permanent resident or can be a foreign national by obtaining an Employment pass,” continues the business consultant. In registering a company, the personal particulars of the resident director, shareholder, and company secretary are contained on its Memorandum and Articles of Association submitted to ACRA during the incorporation procedure. Foreigners are instructed to hire the services of professional firms to handle the registration. A resident director is dubbed as the head of the company. He exercises executive powers. Thus mostly, the principal investor occupies such position. In his physical absence however, he ought to appoint someone trustworthy and competent to carry out his tremendous functions. Rikvin chimes: “A resident director has fiduciary duties. It is expected of him that he upholds the company’s by-laws and abide to the rule of law of the land. He is also responsible for ensuring that the statutory books are organized and maintained, the statutory filings are filed, accounting records updated, and meetings are held.” At times, a qualified individual is difficult to find. Rikvin however, provides an ultimate solution—the nominee director service. Under such service, Rikvin remarks that it shall assign a qualified individual to act as a nominee director for the purpose of satisfying the statutory requirements. Rikvin says: “During the registration of the company, it is the name and residential address of the nominee director that is indicated on the MAA.” Nonetheless, being a nominee director, the beneficiary investor maintains full authority and responsibility, which makes the service very sensible. “The investor himself is still the director and he exercises corporate powers. He does not need to establish a residence in Singapore, but through a passport or a Long-term Visitation pass, he can stay longer in the vicinity to attend to the business needs.” The nominee director service can be temporary too such as its validity ceases upon appointment of a qualified individual and upon release of his Employment pass. 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 proffesional 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 : firstname.lastname@example.org Website: http://www.rikvin.com/
Published on Mar 7, 2011
Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Si...