Rikvin Singapore Discussed on Singapore Subsidiary Registration The economy of Singapore is considered to be among the top ten of the most compliant, competitive and innovative economy worldwide. It encourages investment in the country by means of various businessstructures. The presence of different businessstructures particularly Singapore subsidiary company made almost everything favorable for foreign individuals and companies wishing to start and establish a businesspresence in Singapore. For this reason, Rikvin introduced and indicated the gains of preferring and setting up a Singapore subsidiary company. “It is important that foreign individuals and companies should be able to appreciate how essential Singapore subsidiary company is in business success today. It should be noted that the benchmark for a Singapore subsidiary company should be followed strictly in order to enjoy favorable benefits such as tax exemptions. There are outlined standards for local and foreign individuals and companies thus making them responsible in conducting a strategic decision making as to whether their objectives and their businesssetup in Singapore will work accordingly,” Rikvin said. A Singapore subsidiary company is one of the most ideal business structures in Singapore because it features limited liability and distinct legal identity making shareholders secured from losses and liabilities of the company. Its foreign parent company’s liability is limited to the value of the shares it subscribes into the subsidiary. In addition, foreign parent company may own 100%of the subsidiary. “Tax incentives with at least one individual shareholder with minimum 10 percent shareholding is another notable feature of Singapore subsidiary company,” Rikvin added. It is also allowed to have a maximum number of 50 shareholders and is required to audit accounts and file audit reports. However, Rikvin also pointed out that the success of a business operation is a combination of a well setup Singapore subsidiary company and brilliant business strategies and techniques. This combination is assured to be a firm foundation of competitivenessand innovativeness. Rikvin is a professional firm, which provides full spectrum of corporate assistance for Singapore company incorporation, Singapore subsidiary company registration, accounting, tax, work passand related compliance services for individuals and companies worldwide. 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 Singapore company registration , offshore company setup, accounting, taxation, 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 Feb 15, 2012
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