Why Register A Singapore Company With Rikvin?

By Author: Rikvin
Total Articles: 24
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First, why incorporate in Singapore? Singapore is becoming widely known as an effective hub to incorporate company because of its strategic location. Through Singapore, you can gain easy access towards other countries in Asia. Aside from its strategic location, Singapore's taxation scheme is considered the friendliest to businesses because of a zero tax imposition on the first S$100,000 of chargeable income of resident companies on its first three years of incorporation. Aside from zero taxes, there are other tax incentives available to companies considered as tax residents.

What is the common company type in Singapore? The Private Limited Company is the most common and preferred type of company in Singapore. It is company type limited by shares and registered with the Accounting & Corporate Regulatory Authority (ACRA) and governed by the Singapore Companies Act. A Singapore Private Limited Company is an entity totally separate from its shareholders, and thus they could not be held liable for the debts and losses of the company.

What are the requirements for Singapore company registration? Before ...
... incorporating your company, there is a need to comply with the following:

Company Name: The company name must first be approved by ACRA before the Singapore Company can be incorporate and must not be identical to another existing Company Name, not undesirable, and does not infringe existing trademarks.

Shareholders: At least one shareholder is required, who can either be a natural person or a corporation. 100% of the shares may be held by any local or foreign person. A minimum of one and a maximum of 50 shareholders for a Singapore Private Limited Company is allowed by the Singapore Companies Act.
Resident Directors: At least one resident director shall be appointed, who must be a resident in Singapore, which means he can either be a Singapore citizen, a Singapore permanent resident or a person who holds an Employment Pass/Entrepass or a Dependants' Pass with a residential address in Singapore. The private limited company can have additional local or foreign directors without limit on the number.
Company Secretary: The company secretary must be a natural person and must also be a resident in Singapore. Within six months of incorporation, companies shall appoint a company secretary.
Share Capital/Paid-up Capital: A S$1 minimum paid-up capital is required for registration of a Singapore company.
Registered Address: The registered address must be a physical address and cannot be a PO Box, and may either be a commercial or residential address. Memorandum and Articles of Association: Memorandum and Articles of Association must be submitted to the ACRA.
Finally, why incorporate a Singaporean Company with Rikvin? For foreigners who wish to set up a company, there is a need to engage a professional firm that specializes in company incorporation in Singapore. Also, they must secure the necessary work permit or work visa from the Ministry of Manpower before they can legally work or set up a company in Singapore. A work permit or visa is also needed for a foreign company who wishes to have a management staff relocated to Singapore in order to oversee the operations of the company. In view of this, Rikvin offers company incorporation that was established in 1998. The company was materialized to empower the entrepreneurs and help them attain their business incorporation goals by means of cost and time efficient way and at the same time upholding the highest status of personal confidence to the company incorporation and its services.

Rikvin offers business solutions for both local and foreign investors or entrepreneurs. One of its specialities is Singapore Company Registration. The company has successfully help hundreds of foreign individuals register 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. If you are interested in learning more about Rikvin's Services kindly email us at info@rikvin.com or give us a call at +65 64838887.