Rikvin Initiate Limited Partnership Registration And Employment Pass Application Services Foreign investors from across the borders horde in the city-state to take advantage of its businessconducive environment. The government of Singapore is flexible in the business structures it allows to register. A type of structure that can limit one’s accountability for instance, is limited partnership. Formed by at least two partners, one of them is called a general partner, while the other a limited partner. Rikvin is a business solutions specialist based in Singapore. One of its objectives is to help the city-state in its aim of becoming an entrepreneurial city by helping foreign companies and individuals register a business. In the Singapore Company Act, it is stipulated that only those who hold a Singapore Personal Access can handle the registration procedure. More importantly, foreign companies and investors alike ought to employ the professional services of firms such as Rikvin. “In a limited partnership, the entrepreneurs are asked to prepare documents such as the particulars of the limited partners and or managers including their foreign passports, consent to act as manager and statement of non-disqualification to act as manager,” remarks Rikvin. Rikvin continues: “Should one of the partners be a company, the registration details of that company are submitted together with the documents for registration.” A limited partner is not exposed to unlimited accountability. His liability rests only as far as the investments he retains with the business. On the contrary, the general partner risks his personal assets to an unlimited accountability in an unfortunate turn out of events relating to the business. Being the general partner, he is actively involved in running the affairs of the business. Foreigners owning the limited partnership in Singapore must appoint a manager from among the locals. Says Rikvin: “If any of the foreign limited partners seeks to run the business in Singapore, an Employment pass is a requisite. Equally important is the prior consent from the Ministry of Manpower to allow the Employment pass holder to be appointed as the manager.” Rikvin processes the application of an Employment pass. By submitting all the necessary documents, the foreign investor may stay offshore and awaits the In-Principle Approval that the Ministry of Manpower issues via e-mail as a proof of approval. 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 : firstname.lastname@example.org Website: http://www.rikvin.com/