Rikvin Arranges Subsidiary Setup Without Relocation 

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

by Gomeg Krisen Tuesday, February 01, 2011
A Singapore subsidiary office is a lucrative choice among foreign companies seeking for expansion offshore. In Singapore, a subsidiary office espouses a private limited company structure. And for that, it is awarded with its own juridical existence.

The juridical personality that clothes a subsidiary office renders it a tax resident. Singapore grants tax exemptions, incentives, and reliefs for tax resident companies like a private limited, provided they satisfy other requirements relating to the composition of the company and the dissemination of shares.

Rikvin is a business solutions provider servicing companies to make business easy. In registering a subsidiary office, one of its business specialists chimes that a resident director must be appointed to head the subsidiary office. Most often, the principal investor or the one who holds majority of company shares occupy that position. Thus, he is obliged to stay in Singapore to run the affairs of the company.

In some circumstances, relocation may pose challenges, particularly if the investor is not ready to change location of residence. Rikvin understands such dilemma that it provides a nominee director service to help foreign companies proceed with incorporation.

Rikvin of the service: “Under the nominee director service, the company shall furnish a qualified director that lends his name and address to the subsidiary company. Thence, instead of the name of the principal investor, the nominee director’s name is indicated on the Memorandum and Articles of Association to be submitted to ACRA during registration.”

Nonetheless, Rikvin reminds that the nominee director does not replace the resident director in terms of carrying out responsibilities.

“The nominee director is only to satisfy the statutory requirement. He does not hold any executive corporate powers. Nor is he obliged to perform for the subsidiary.”

Running the affairs of a subsidiary office can be accomplished by the principal investor himself. By obtaining a Long-Term Visitation pass, the investor can stay longer in Singapore to tend to his subsidiary company such as attending a board meeting, Annual General Meeting, and monitoring the performance of the office.

Rikvin recites documents like a certified true copy of foreign mother company’s incorporation certificate, personal information of all subsidiary directors including passport details, nationality, residential address, and identity card as necessary during incorporation procedure.

Rikvin further extends assistance to companies in complying with other requirements such as opening corporate bank accounts, securing business permits and licenses, and annual filing of corporate tax returns.

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 Gomeg Krisen
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