Incorporate Now! Form a Singapore Company With Rikvin 

A Company that have a complete benefits that help foreign and local entrepreneurs setting their own business in Singapore.

by Pierce Mattew Sunday, January 16, 2011
Businesses are best undertaken in Singapore due to the city-states’s strong IP regime, transparent government, consistent and attractive pro-business policies.

Ideas are created and concepts are innovated in Singapore, where the entrepreneurial landscape is manned by least-corrupt government officials, well-educated population, progressing middle class, and remarkable international talent.

Consistently captivating investors from across the borders is Singapore’s tax exemptions and incentives apart from its relatively low taxation rates on corporate and personal level. In a brief conversation with one of Rikvin’s business specialists, says that companies earning monthly revenues beyond S$300,001 are taxed on a flat rate of 17%.

On their first three year of assessment following their incorporation year, “they do business without having to worry about taxes for revenues accrued at S$100,000. On their succeeding S$200,000 procured profits, an additional 50% discount is conferred upon them.”

Singapore’s Avoidance of Double Taxation Treaty maintained with fifty countries neighboring and distant, entitles constituents to certain reliefs such as tax exemption, reduced tax rate, tax credit, tax deduction, and tax sparing credit.

Nonetheless, not all newly registered companies revel in tax exemptions. Rikvin discusses more on this.

“Only tax residents can relish tax exemptions.” When asked for the scope of being a tax resident, say quips, “a company in which the operations, control, and authority stem in Singapore and does not have to report to its parent company, should there be.”

A perfect model of a tax resident is a private limited company, either solely existing or a subsidiary of another.

Both private limited companies and subsidiaries are favorable because they can assume financial accountability, without affecting the personal assets of their shareholders and directors. Hun explains that authorities recognize these business structures as separate legal entities, thereby, according them sense of responsibility for their own actions.

Encompassing Rikvin’s business solutions is company incorporation with packages such as application of Employment pass, Entrepreneur pass, or nominee services for a resident director, shareholder, and agents. For existing companies, Rikvin grants Singapore accounting services, specifically, bookkeeping, payroll, annual returns filing, and drafting of financial statements, which includes a Director’s Report.

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/

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

0    submitted by Pierce Mattew
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