Rikvin Helps Small Businessmen Start a Singapore Company 

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

by Craig Charlie Monday, March 07, 2011
Amidst the looming crisis in the Arab world, Singapore remains to be unperturbed. Its economy continues to be vibrant. Evident to this is the increase in construction activities since 2010. In January, the Economic Development Board reported an increment in the manufacturing output by 10.5% not including the biomedical industry

On a three-month moving average, the manufacturing output is 18.8% in January alone. The report says that the industries having the constructions include the precision engineering, machinery and systems, electronics such as the infocomms and consumer electronics.

Even small companies can benefit in the robust entrepreneurial landscape manicured after implementing attractive business policies.

Among the policies implemented is the 100% foreign business ownership. Small-scale entrepreneurs from Asia and Pacific flock to the city-state to do business of all sorts.

“They can adopt sole Singapore proprietorship, partnership, and limited liability partnership relative to their preferences,” utters Rikvin.

A sole proprietorship is sanguine for entrepreneurs who do not want to have partners. Only one proprietor is required to register the business, and he exercises full authority and control over the business in matters such as revenues, marketing strategies, and expansion.

On the other hand, a partnership and limited liability partnership are formed by at least two partners that can be individuals or business entity.

“A limited liability partnership is blanketed with legal personality, which allows partners protection from unlimited liability from fellow partner’s negligence,” says Rikvin.

However, this does not mean that partners in the limited liability enjoy absolute financial protection.

Rikvin continues: “Each partner in a limited liability is accountable for his own decisions. All other partners are not affected.”

Although sole proprietorship and partnership are not blessed with a separate legal existence, all three business structures are exempted from auditing requirements and corporate annual returns.

Rikvin assists small entrepreneurs in setting up a business as they are not eligible yet to handle personally any legal transactions including the registration.

“They submit to us the required documents such as those pertaining to their commercial activities, and a copy of a valid ID of the proprietor and partners,” shares Rikvin.

A local manager must be appointed to be the one handling the affairs of the business in case the proprietor and partners are all of foreign nationality.

After registration, businesses must open business bank accounts in any banks in Singapore, and secure necessary business licenses and permits as commensurate to the activities of the business.

In all of these requirements, Rikvin has a team of professionals to help each business comply with every requirement.

About the Publisher:
Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company. The company provides complete corporate solutions to investors and entrepreneurs both local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to financing and compliance services.

Rikvin assures its clients of confidence in dealing with every transaction. Its employees maintain competence and above all, Rikvin’s principles adhere to business ethics and all applicable laws. Its goal is to provide a highly personalized and professional service worthy of our clients loyalty.

“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.

General | Categories: financial, business
0    submitted by Craig Charlie
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