Rikvin Facilitates Singapore Subsidiary Registration A Singapore subsidiary company is the most popular foreign business structure and foreign company incorporation in Singapore. It has better benefits and opportunities as compared to other business structures such as Singapore branch office or Singapore representative office. Rikvin recognized this popularity and responded to the need for registration assistance by providing a worldclass service for Singapore subsidiary registration. “A Singapore subsidiary company holds numbers or benefits and possibilities. It is in effect a Singapore incorporated private limited liability company. It has a legal personality that is distinct from its foreign parent company,” Rikvin said. If a foreign company plans to setup and establish business operations in Singapore using the format of a Singapore subsidiary company, low corporate tax rates and tax benefits are one of the assurances given. However, before enjoying such benefits, the foreign company should hire the services of a professional registration firm and complete necessary documents for registration. “We at Rikvin welcome any foreign businessmen for any kind of business registration especially, subsidiary registration. We strive to make things comfortable and friendly to foreigners and we assure smooth and successful business registration”, Rikvin said. Rikvin also outlined some of the basic requirements for Singapore subsidiary registration, among which are one local resident director, unlimited maximum number of directors, a minimum of one and a maximum of 50 shareholders, a local resident and qualified company secretary, a local registered office and S$1.00 as paidup capital. In addition to the basic requirements identified by Rikvin, important documents need for subsidiary registration were also specified such as a certified true copy of foreign parent company's Incorporation Certificate, registered address details and directors' details of the foreign parent company, directors' particulars such as nationality, identity card details, residential address details, etc. of the Singapore subsidiary, details of the registered office of the Singapore subsidiary, Memorandum and Articles of Association (MAA), a power of attorney giving signatory powers (on behalf of the foreign parent company) to a specific individual, and directors undertaking to act as the proposed directors of the Singapore subsidiary. Rikvin is an ACRA registered service bureau which provides a complete corporate solution under one roof for Singapore company registration of private limited companies, formation of offshore companies with opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore.
About the Publisher:
Rikvin is a Singapore-based consultancy that offers businesssolutions for both local and foreign professionals, investors and entrepreneurs. Rikvin’s areasof expertise include assistance for Singapore company registration, offshore company setup,
Marshall island incorporation, Singapore work visa, and other related corporate services. Rikvin also provides immigration services for foreign professionals wishing to relocate to Singapore. Rikvin PTELTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Lines: (65) 6438 8887 Fax (65) 6438 2436 http://www.rikvin.com
Published on Mar 8, 2012
Published on Mar 8, 2012
Learn about Singapore Company Registration – provided and presented by Rikvin, Singapore’s leading company registration firm and business so...