Setting Up A Singapore Company: Why Choose Rikvin?

By Author: Maria Klarov
Total Articles: 1
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Why, in the first place, will you wish to start a company in Singapore? One important thing is that there is an intention to live in Singapore by the individual concerned. Among other cities in Asia, Singapore is considered to be one of the best countries to live in. This is the reason why recently Singapore has become also one of the most expensive places to live in.

In Singapore, there is increased cost of living as well as a reliable taxation regime for Singapore offshore companies. Both individuals and companies benefit from this attractive tax regime. For instance, profits from outside Singapore are not taxed in certain conditions. Dividends and income sourced from abroad are included in these conditions. Companies which are well-structured and incorporated in Singapore are exempted from tax on their profits earned abroad.

Singapore's incorporation process is very easy but the authorities have implemented guidelines in order to make sure that all the legalities are taken cared of so as to maintain the reputation of the country.
Under the law, low capital is permitted. Singapore is one of the easiest ...
... countries to operate a company when it comes to the point of view of regulatory obligations. One key requirement is that the director must be a Singapore resident. In setting up the company, it is advised to hire a professional service firm who can manage the details of the whole process.

Singapore is known as a tax haven. This is the term used to refer to low tax jurisdictions and usually viewed cautiously by revenue authorities fighting tax evasion. Since the country is politically and economically stable, there is no worry in setting up a business in Singapore.

The Singapore government is very much friendly and accommodating to business. There are local consultants available to aid in office services. When it comes to fund transfers and international financial transactions, there are less restrictions. In 2010, the World Bank has voted Singapore as the world's "easiest places to do business". Care must be given to ensure that all documents are in the English language. An annual financial statement shall be submitted to the Inland Revenue Service by every company with total sales of S$5 million. When it comes to double taxation, sixty other countries entered to an agreement with Singapore. Some of the priorities that Singapore can offer to its investors are a strong legal framework and strict protection of intellectual property of companies. When it comes to information technology, Singapore is one of the top three countries in the world. The country also ranks as the third largest country when it comes to foreign direct investment. For investors all over the world, setting up an offshore company in Singapore is now one major attraction.

Author Bio:
Rikvin offers Singapore company registration services helping entrepreneurs from around the world to form a company in Singapore and aims to assist you with care and efficiency while being proud to have the opportunity to contribute to your success in Singapore. It offers business solutions in packages which includes Singapore company setup, Employment Pass, EntrePass, nominee services for a director, shareholder and agents. For current companies, Rikvin offers accounting services such as bookkeeping, payroll, annual returns filing, drafting of financial statements and much more.