Rikvin Assures Businessmen On Singapore Company Formation

Online, November 18, 2010 (Newswire.com) - Singapore attracts foreigners from Asia and beyond with its interesting blend of Western sophistication and Eastern culture. How developed the city-state's technology is apparent in its skyscrapers, railways, and other infrastructures. Its Chinatown boasts of a thriving business reminiscent of ancient trade between Asia and Europe.

In the 2010 Quality of Living Survey by Mercer Human Resources, Singapore provides the highest standard of living in the Southeast Asia while Fortune Magazine listed the city-state as the second best city in the world when it comes to quality living.

"From transportation to residences," Rikvin starts its description of the city-state, "and from lavish restaurants to exquisite tourist destinations, Singapore takes pride in delivering the best for its local and permanent residents, tourists, and entrepreneurs."

What constitutes the population of Singapore is evidence of its being a melting pot, where the east meets west to do a business, indulge in pleasures, embrace a culture, earn friendships, or simply to unwind.

Doing a business in the island-state is made easy with lenient policy ranging from easy procedure for a company registration in Singapore to attractive business tax incentives and residence privileges among foreigners.

A stipulation of Singapore's business policy instructs foreign investors to employ the professional services provided by business consultancy firms like Rikvin in spearheading the company registration, processing the necessary working visas for employment of foreign professionals or relocation of foreign entrepreneurs and or shareholders, and compliance with other requirements.

Rikvin assures businessmen that "engaging in a business in Singapore is a flexible undertaking," with choices of business structures such as "sole proprietorship, partnership, foreign company office, and company."

For a small scale business, Rikvin recommends "a sole proprietorship as it offers the least business risks" for it is an unincorporated type of business without legal status, "and which allows 100% shareholding among foreigners."

Rikvin continues that "should they wish for a partnership, the most appropriate type is Limited Liability Partnership" as it limits the liabilities of partners to their investments in the company.

Foreign investors can also opt for a branch office, subsidiary, or representative if they seek to incorporate a foreign company in Singapore; and if their goal is a new company, choices are a "private limited company, public limited company, and public company limited by guarantee."

About the Publisher:
Rikvin, for many years has been helping entrepreneurs in the local and abroad to handle the company registration services in Singapore in their behalf, unless the investors themselves are eligible to initiate the registration.

Among other services, Rikvin specializes in incorporation of a Singapore company, registration of a new company, accounting and secretarial services as well as compliance with statutory requirements like nominating a resident director.