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Singapore Business Registration for Foreign Companies
Singapore Business Registration for Foreign Companies
Business registration specialist Rikvin believes that due to the strategic location of Singapore, this country has been considered by the international community as one of the most ideal business hubs in the Asia Pacific
Singapore,
Singapore,
Singapore
(pr4links.com)
04/10/2010
"Business registration specialist Rikvin believes that due to the strategic location of Singapore, this country has been considered by the international community as one of the most ideal business hubs in the Asia Pacific"
Business registration specialist Rikvin believes that due to the strategic location of Singapore, this country has been considered by the international community as one of the most ideal business hubs in the Asia Pacific especially with its proximity to major markets including China, Malaysia, Taiwan, India, and Australia.
In addition with the city-state’s strategic location, it also boasts favorable corporate and taxation laws to foreign companies, world-class infrastructure, and pragmatic government.
But before any foreign companies or entrepreneurs setup a Singapore company, they should first consider the following information stated below, in this way, they will not overlook important provisions stated under the corporate law, according to Rikvin.
1. Under the Singapore Companies Act, foreign companies and entrepreneurs are prohibited to self-register their own business in the country. With this provision, they need to hire a Singapore business registration firm to do the processes involved in the application.
2. Foreign companies can register or incorporate their business without physically handling the process since this will be performed by their hired business registration firm. However, it is important to note that most banks in the city-state require the physical presence of a company’s principals before they can open their bank accounts.
3. Foreign businessmen can setup a business in Singapore without relocating in the country as long as they will hire at least one local resident director who may be a natural citizen or foreigner who holds Employment Pass, EntrePass, PR Status, or Dependant Pass.
4. For foreign individuals who want to relocate in the country to personally operate their business, they should secure any of these visas: Employment Pass which is usually given to foreign businessmen with a college degree, or EntrePass which is issued to individuals who lack college diploma but have entrepreneurial skills and professional qualifications. If they have secured one of these permits, they can act as a local resident director.
5. Foreign companies and businessmen can relocate their workers as long as the latter will apply for a work visa. In addition, documented foreign businessmen and workers are generally allowed to bring their “direct family members” (e.g., children under 21 years old and spouses) in the country.
6. Foreign and international companies can have a presence in the country by adopting any of these three business structures: 1.) Representative office that is allowed to conduct feasible studies and market research but is prohibited to engage in revenue-generating activities. 2.) Branch office that is treated as a legal extension of its parent company. 3.) Subsidiary company that is considered as a separate entity from its main headquarter. With this, it is treated as a local business, thus eligible for all the local tax benefits and exemptions.
Contact Rikvin
Rikvin is the leading Singapore Company Incorporation and work pass specialists. It has successfully assisted thousands of foreign entrepreneurs process their Singapore Employment Pass Application and their Singapore Subsidiary Registration.
Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD")
If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. Appointments are welcome but definitely not necessary.
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
http://www.rikvin.com/
About
Rikvin PTE LTD
address: 120 Telok Ayer Street Singapore 068589
phone: +6564388887 begin_of_the_skype_highlighting +6564388887 end_of_the_skype_highlighting begin_of_the_skype_highlighting +6564388887 end_of_the_skype_highlighting
email: info@rikvin.com
website: http://www.rikvin.com/
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