Why Form a Singapore Private Limited Company

Why Form a Singapore Private Limited Company Rikvin, a reliable Singapore company registration firm explains the advantagesof forming a Singapore Private Limited Company. The discussion was for the purpose of providing a guide for entrepreneurs in choosing the type of business to establish and also for the purpose of helping them form a Singapore company or incorporate a Singapore company.

Private Limited Company is a type of private company limited by shares and registered with Accounting & Corporate Regulatory Authority (ACRA) under the Singapore Companies Act. A Singapore Private Limited Company has a separate legal entity from its shareholders, and therefore they are not liable for the debts and lossesof the company.

“An incorporated Private Limited Company in Singapore is the most popular businessentity available through ACRA,” Rikvin said.

Some of the common features of a Private Limited Company include a legal entity separate and distinct from its shareholders and directors, partners have limited liability, it can sue or be sued in its own name, it can own property, a minimum of 1 and a maximum of 50 shareholders and a newly startup Private Limited Company is eligible for local tax exemptions and incentives.

Rikvin also discussedthe common advantagesof establishing a Private Limited Company: shareholders not personally liable for debts and lossesof company, profits taxed at corporate tax rates, newly incorporated companies are entitled to tax incentives and exemptions, the company, as a separate legal entity, does not ceaseto exist if one or more of its shareholders die, a company’s life is usually perpetual and ownership of a company can be transferred and additional shareholders can be appointed.

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 corporate tax 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