Rikvin Highlights What You Need To Know Before Singapore Company Incorporation

In starting a company, a businessman should consider the corresponding requirements unique of each jurisdiction. Although Singapore holds on to its rank being the easiest place to do business, its authorities are strict in their policy implementation. Nevertheless, many advocate such strict principles to Singapore’s reputation as the best investment destination in Asia Pacific.

“By being bestowed with its own legal personality, a private limited company protects its shareholders and directors from any financial obligation other than their unpaid shares maintained in the company. Through its name, the company can engage in legal transactions. And any accountability, losses, and revenues incurred are shouldered by the company itself.”

To establish a private limited company, investors must have three distinct individuals to satisfy the personality requirements of a company resident director, shareholder, and company secretary.

“The shareholders can number up to fifty, while managing directors and company secretary can be unlimited,” chimes Say, adding that foreigners can own the entire company shares, import their capital, and repatriate their revenues.

A company resident director must be a local like a citizen or a permanent resident, or a foreigner by holding an Employment pass. It can also be a shareholder. Investors who are unable to relocate to Singapore to consummate such position may appoint someone to fill up the resident director’s position.

Shareholders, on the other hand, can be a natural person or another corporate entity. Regardless, Say utters that the “details of the shareholders, directors, and company secretary are all declared in the company’s Memorandum and Articles of Association, which is available to the public.”

Companies, whether foreign or local, may employ foreign nationals. To do so would require the necessary Employment pass, which is applied by the company in the employee’s behalf.

Rikvin handles company registration and application of labor passes of all foreign staffs. After incorporation, Rikvin continues to provide solutions such as assistance in opening a corporate bank account, and compliance with continual requirements as stipulated by the Companies Act.

About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.

Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore accounting service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.

For more information, visit:
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/

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