Rikvin Publishes Singapore Company Incorporation Options For Foreign Individuals

In the first quarter of 2011, Singapore registered an economic growth of 3.9% on a seasonally adjusted quarter-on-quarter basis. In the second quarter of the same year, she recorded a 23.5% growth.

Singapore continues to be a favorable destination for investments in Asia Pacific mainly due to its foreign ownership and taxation policies, which are both conducive to business development.

Foreign individuals may invest in Singapore either with relocation or staying offshore.

“If they wish to relocate to Singapore, foreign nationals may choose the type of work visa that they shall apply,” quips Rikvin, Singapore’s premier business solutions creator, “the choice of the work visa determines the process of the company registration.”

For businessmen, they may choose an Employment pass or Entrepreneur pass.

“In an Entrepreneur pass company setup, the company is incorporated after the labor pass is approved by the Minister of Manpower,” shares Rikvin, saying in addition that the Minister shall assess the businessman’s financial capacity and entrepreneurial prowess.

“A 10-page business proposal shall be crafted, and which is entrepreneurial in nature defining the business goals, product or service offered, and the marketing strategies which could be the vehicle in earning profits,” Rikvin adds, “a share capital at minimum amount of S$50,000 is also prepared.”

After the release of the labor pass, Rikvin shall proceed with the company incorporation.

Meanwhile, in the Employment pass company setup, the company is first registered.

“Businessmen shall prepare a resident director of ordinary residence, at least a shareholder that can be a corporate or business entity or a natural person, and a corporate secretary,” Rikvin continues, citing moreover that an ordinary residence means being a citizen or a permanent resident.

By having an appropriate work visa, a resident director’s position can also be earned by a foreign national such as the investor or any of the trusted appointee.

“However, only registered companies can apply for work visas,” Rikvin poses the problem, to which it also makes a reply: “To proceed with the incorporation, we engage our nominee director service for a temporary basis until such time when the Employment pass is released.

After the registration, Rikvin shall process the Employment pass, and thereafter, transfer the directorship.

Should businessmen desires to remain abroad and run the company from there, an individual must be appointed as a resident director, who could be any of the shareholders. In case of a one-director-and-one-shareholder company, in which the shareholder is another corporate entity or an unwilling-to-relocate individual, the company can engage Rikvin’s nominee director service for a long term.

As a business registration specialist, Rikvin also offers accounting services and assistance in compliance matters such as obtaining business licenses and permit and in annual legal filing obligations.

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 work visa 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 LTD20 Cecil Street, #14-01, Equity Plaza, Singapore 049705Main Lines : (65) 6438 8887Fax : (65) 6438 2436Email : info@rikvin.comWebsite: http :// www . rikvin . com /