Rikvin Unravels Basic Concerns on Singapore Subsidiary Registration The Republic of Singapore is considered as one of the world’s most leading financial centre and regarded as the most businessfriendly zone. This impression has caused 18% increase in visitor’s arrival leading to a number of 996,000 for August 2010. It also persuaded a large amount of businessmen to start and establish a business in Singapore. “Singapore’s businessfriendly environment attracted a lot of businessmen and investors to proceed with any business ventures in Singapore” Rikvin said. One of the most feasible business formats available in Singapore is a subsidiary company. Other business formats include a representative office and a branch office. For this reason Rikvin has prepared a troublefree assistance for Singapore Subsidiary Registration to let businessmen begin appreciating a businessfriendly Singapore. “Because of the number of benefits made available for a Singapore Subsidiary company, most foreign entrepreneurs, investors, and business organizations prefer this model over other business structures or formats,” Rikvin added. According to Rikvin, a subsidiary company is an incorporated private limited company, which the majority of shares are held by a corporation, foreign or local. A Subsidiary Company in Singapore is considered a resident company. A newly incorporated Subsidiary Company, with at least one individual shareholder that has a minimum of 10% shareholding, is entitled to the local tax exemption of zero tax for the first S$100,000 of its chargeable income. Two basic concerns to manage for a Singapore Subsidiary Registration are setting up a subsidiary company with relocation to Singapore and setting up of a subsidiary company without relocation to Singapore. “If you choose to incorporate a subsidiary company and relocate foreign staff to Singapore, two tasks should be accomplished. These are Singapore subsidiary registration and secure an Employment Pass. However, if you wish to setup a company without having to relocate, a Singapore resident director should be immediately appointed when incorporating a company”, Rikvin emphasized. Rikvin finished the presentation by putting emphasis on the necessity of seeking the assistance of a professional business registration firm in Singapore that will conduct and process all the concerns on the business registration. Rikvin is an ACRA registered service bureau. We provide 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 to form a Singapore company, Singapore company registration, offshore company setup, 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