Rikvin Assists Foreigners Start a Singapore Company Rikvin, one of the most trusted business registration firm in Singapore said that they have outlined a complete assistance service that will assist foreigners to start a Singapore company. According to Rikvin, there are three major reasons why foreigners would wish to establish a new business in Singapore. First is the comfort to incorporate a business in Singapore, next are the favorable taxes and last is the exemplary quality lifestyle in the country. An interesting fact in Singapore’s company incorporation is that Singapore company incorporation could possibly be completed in a day's time with minimal formalities. This also became possible because of the absence of bureaucracy and red tape in the process. Rikvin started by discussing the different business structures made available for foreign entrepreneurs and companies, stating each business structures’ advantages and disadvantages. These three business structures include: • •
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Branch office – is an extension with the foreign parent company and not another legal entity. Subsidiary a Singapore private limited company and it is another legal entity. Liability is restricted for the subsidiary and doesn't extend towards the foreign parent company. Representative office (RO) A RO does not have legal status and is really a temporary administrative office meant for conducting general market trends or cocoordinating activities. Liabilities extend on the foreign parent company.
The requirements and incorporation procedure might vary depending on the type of business structure. Note that whichever business structure is chosen, Rikvin assured any foreign business individual and companies that it would be a wise decision to start a Singapore company and start exploring the world class business opportunities in the country. In conclusion, Rikvin said that they would continue what they have started, working towards excellence in terms of business related services provided to local residents most importantly to foreign individuals and companies. About the Publisher: Rikvin is a Singaporebased consultancy that offers business solutions for both local and foreign professionals, investors and entrepreneurs. Rikvin’s areas of expertise include assistance to form a Singapore company, 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 PTE LTD 20 Cecil Street, #1401, Equity Plaza, Singapore 049705 Main Lines: (65) 6438 8887 Fax (65) 6438 2436 http://www.rikvin.com