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Singapore Plays Pivotal Role in Accounting Services

11-06-2010 02:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Rikvin PTE LTD

The Accounting department is the backbone of every business large and small. From it springs the strategies instrumental to the business’ future. It conveys to the public, particularly to the land’s law and generally to fellow investors the financial position of that business. So crucial is the role of accounting that businesses cannot exist without the expertise and aptness of accounting professionals.

Just how an economy fares can be ascertained on how well its businesses turn out—either poorly or proliferating. Doubtless, economies with stable growth from businesses organizations may entail that accounting practices have been remarkable for how else can a business investor know how which decision to implement not only to stay in business, but to develop as well, if not through the principles underlying the accounting and its ensuing functions?

Singapore understands very well the pivotal role of accounting. Since 2009, the city-state has become a host to Southeast Asia’s first office of Institute of Chartered Accountants in England and Wales, (ICAEW) coordinating and supporting ICAEW initiatives across Vietnam, Thailand, Philippines, Myanmar, Indonesia, Laos, Cambodia, Brunei, and Singapore.

With its objective of helping these economies to compete globally, ICAEW, the world’s largest accountancy and finance organization, is resolute in providing training of the ACA qualification to countries across the South East Asia region. Among others, governments and regulators of these South East Asia will be given access to the institute’s knowledge and expertise.

“For a business to see success, it needs to operate in a framework attractive to investors and simultaneously enabling it to export services or products” remarked ICAEW’s president, David Furst, during the launching of Singapore’s ICAEW office, “the regional office established in Singapore will endeavor to help build that framework and share with SEA’s economies the experience gained from other markets across the borders.”

In line to such objective, Singapore’s Committee to Develop the Accountancy Sector (CDAS) issued a recommendation to the Association of Chartered Certified Accountants (ACCA) to implement the former’s initiatives which will touch on three key elements that are all centered on Singapore’s goal of becoming the leading center in Asia and beyond for Accountancy Talent, Education, Thought Leadership and Professional Development.

“The initiatives bestow a concrete map for the profession in Singapore, constructing the city-state’s already high-end reputation on the international platform,” commented ACCA’s Chief Executive Helen Brand of the implementation procedure.

For many years, Rikvin, a corporate solution provider based in Singapore and which composed of an extensively trained and experienced Business Advisory Team has been extending accounting services to offshore companies wishing to explore the business potential in Singapore.

Among its specializations are bookkeeping, GST registration and filing, payroll service, personal income tax service, and accounts payable services including an issuance of sales invoices and payment vouchers.

“Our existence depends on the satisfaction our clients experience firsthand,” promised Evio Yngave Zarkov, Rikvin’s Senior Team leader and whose expertise includes providing accurate bookkeeping, “being in the industry for more than a decade is a proof of our unwavering competitiveness in the market.”

Besides accounting, Rikvin provides walk-through services to foreign investors in setting up a business enterprise in Singapore.

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.

Rikvin is the leading Singapore Company Registration Services Specialist and has successfully helped thousands of foreign entrepreneur form a Singapore Company. The firm provides a complete corporate solution under one roof for Singapore subsidiary company, incorporation company registration of private limited companies with the opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore.

Rikvin PTE LTD
Address: 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Phone: +6564388887

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