Rikvin is a Singapore private limited company established since 1995 to help investors and entrepreneurs recognize their enterprise dreams by incorporating a business or registering an enterprise firm in Singapore.
1. Rikvin States Incorporate a Singapore Company Now
July 14, 2011 - In line with Singapore’s aim of evolving an international entrepreneurial city is the
creation of Action Community for Entrepreneurship [ACE], an organization involving the personal and
public sector in conceiving a more entrepreneurial environment.
Commenced in 2003 as an answer to the financial Review Committee’s recommendation, it has since
become active in reshaping the city-state into an innovative and entrepreneurial territory determined to
take a proactive function and create new enterprise undertakings. Lately and along with Nanyang
Technology University, they became the third founding member of the World Entrepreneurship Forum
and poised to host the WEF forum in 2011.
Singapore is anticipating a GDP growth by 6% in 2011 with domestic demand of Asia as the primary
driving force. Supporting the robust domestic demand in Asia are salary growth and government policies
and healthy fundamentals.
“We also look forward to more financial activities in Singapore on account of new capacity supplements
in the progressive offerings of recreational amenities in the tourism-related services and constructing
sector,” says Rikvin.
Singapore continues to be a major investment hub in Asia and beyond. Foreign businesses can
incorporate in the city-state in 3 choices: Singapore Subsidiary Office, Singapore Branch Office, and
Singapore Representative Office.
“A subsidiary office is a private limited company,” Rikvin starts its explanation, “its name may not be the
same with the parent business, can perform all enterprise undertakings in Singapore, and can be owned
100% by a foreign company.”
Its basic obligations encompass having a minimum of 1 shareholder that can either be a foreign or local
individual or business shareholder and a resident director of common residence. When it comes to
liability, Rikvin is quick to say that the shareholders have limited liability.
A branch office does not have a separate lawful character. Therefore, according to the regulations, it
cannot engage in any lawsuit and will not come by assets in its title.
“Its business name should be the identical with the parent company,” Rikvin continues, “as well as its
enterprise activities.”
The company shall also assign 2 Singapore resident agents who will act as the head of the branch. Just
like the subsidiary office, the branch office too is needed to document its company’s audit reports
simultaneously with its parent company’s.
To establish the enterprise potential in Singapore, a representative office is perfect. Whereas its
undertakings are limited to carrying out market research and coordinating with the parent business, it
can be a helpful vehicle in commencing a product or services should the office progresses into a full-
blown enterprise after 3 years. “The chief representative nominated can reach out to vendors and
agencies to better realise the market demands,” Rikvin adds.
2. Singapore boasts tax exemptions and advantages to resident businesses like a private limited.
Furthermore, in certain parts, the government awards tax incentives. The environment of Singapore is
conducive to an enterprise. Its expertise is distinguished by sophistication while its standard of living is
comparable to the Western style.
Rikvin is a Singapore private limited company established since 1995 to help investors and
entrepreneurs recognize their enterprise dreams by incorporating a business or registering an enterprise
firm in Singapore.
About the Publisher:
Rikvin offers business solutions for either local and foreign investors or entrepreneurs. One of its
specialties is Singapore Company Incorporation. The company has successfully help hundreds of foreign
individuals form a Singapore company. Rikvin has effectively facilitated both non-resident and resident
financiers build business firms in Singapore. Incoming calls in our phones are answered by live persons
and not by an answering machine. We recognize the importance of your time and we are aware that
technology cannot replace a person most especially, when we need to make vital business moves.
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887
Fax: (65) 6438 2436
Email: info@rikvin.com
Website: http://www.rikvin.com/