Rikvin Delivers Company Registration ServicesSingapore’s efficient and attractive tax exemption strategy is of particular benefit among maritime businesses. In a survey spearheaded earlier this month by Faststream, a maritime recruitment based and founded in the United Kingdom and which canvassed chartering managers and shipbrokers, it reported the city-state being the world’s most favored location for a job, leaving behind Geneva and London.
“In shipping, Singapore provides government incentives for non-Singaporean enterprises,” beamed Gervais Green, the head of Asia shipping Norton Rose and who remained unperturbed with the survey result, “because it has a stable political system, it is only natural that Singapore has strong and stable legal system as well.”
Two of the maritime businesses that have flourished in Singapore mainly because of its tax exemptions are the Marco Polo Shipping and Mercator Lines.
As a consequence of such development, the maritime businesses in Norway, United States and London have suffered. A contributing factor to this is UK government’s offense in raising the corporation tax and other fiscal initiatives such as higher personal tax.
In contrast, Singapore maintains a low rate in corporate tax at 17% for an annual income of more than S$300,000. Foreign businesses enjoy tax-free operations for the first 3 years following its Year of Assessment. Having an annual earning between S$100,001 and S$300,000, qualifies the enterprise to a corporate tax levied at 8.5%.
Besides tax exemptions, foreign investors can also enjoy other incentives such as opting for a firm to steer the company registration while they stay overseas until such time when they need to open corporate bank accounts. In which time, the requirements such as an Entrepass, Employment Pass or Dependent Pass have already been issued.
Among the firms that take delight in bestowing company registration services is Rikvin. Established in 1988 and located at the heart of Singapore, Rikvin delivers satisfactory performance in helping foreign investors establish in Singapore.
Its specializations include company setup registration services and relocation to Singapore, which may involve relocating the whole foreign management staff. If relocation is not an option, Rikvin also offers the services of Nominee Directorship to satisfy the requirement of having a local resident director in Singapore.
“Rikvin exists because of its calling,” proclaimed a Rikvin corporate’s Business analyst who has helped hundreds of entrepreneurs in Asia Pacific region, “it helps businessmen prosper in their field of expertise by first settling legally in Singapore.”
Depending on their standard and intent, foreign investors have an option to establish a subsidiary, branch or representative office in Singapore. They can even decide whether to register a sole proprietorship, limited liability partnership, and private limited company.
Singapore retains the first slot in providing the best route for trading in the east and west. Rikvin lives by its reputation in helping foreign investors in taking advantage of that business-conducive route in Singapore.
Since 1998, Rikvin consultancy has been providing highly professional company incorporation services, both in attractive standard packages as well as customised services. Online incorporation being a hallmark service, other services of Rikvin include Singapore Offshore Incorporation, EntrePass, Singapore Employment Pass, Personalised work Pass application, GST Registration, Accounting Services, Tax Planning & Consulting, and Business Plan Drafting.
Rikvin Pte Ltd
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rikvin Delivers Company Registration Services here
News-ID: 151004 • Views: 1351
More Releases from Rikvin PTE LTD
Why 2011 is the Best Year to Hire Rikvin for Company Registration Services in Si …
GfK Asia, the world’s leading market research firm recently conducted a survey in Pan Asia and conveyed its result at the 18th Hong Kong Optical Fair with Hong Kong Trade Development Council as the host, saying the key industries in Asia, particularly Singapore, Hong Kong, Malaysia, South Korea, Taiwan, and Thailand are optimist that the industry will continue to develop or surpass this year’s outstanding performance come year 2011. In the
Rikvin Discussed How To Incorporate a Singapore Company
Rikvin, a leading Singapore based business registration firm has been providing a complete range of corporate services under one roof, which includes Singapore company formation, foreign company registration, statutory administration, accounting, tax filing, immigration and related corporate services to individuals and corporation worldwide. Since statistics shows that there has been a continued increase in Singapore company incorporation and that this number will double by the start of 2011, Rikvin presented basic
Rikvin Talks About Sole proprietorship The Simplest and Most Flexible Structure
For Immediate Release Before starting a business in Singapore, it is important for a person to determine what structure is the most applicable for the operation and the one that can help him meet his business goals. According to business registration firm Rikvin, there are three basic types of business structures in Singapore: the sole proprietorship, partnership, and company. The Singapore Sole proprietor is the simplest and most flexible structure since only one
Singapore Plays Pivotal Role in Accounting Services
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
More Releases for Singapore
Magento development company singapore
Suria International, a leading Magento web development company An online shop is the need of the hour in the age of eCommerce and mCommerce. Advancing technology has introduced several platforms to build feature-rich online stores, but Magento has remained a preferred choice of many online retailers for years. High scalability, broad system support, and result-oriented adaptability have made Magento eCommerce development popular worldwide. Magento, with its three variants- Magento Community Edition, Magento
Digital banking in Singapore
What will be the impact of digital banks in Singapore? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in Business Times – Singapore. More and more countries worldwide are issuing full bank licenses to digital-only banks. The competition from digital banks is being seen as a favorable development for the consumer. Digital banks with fewer physical branches and Automated Teller Machines to maintain could incur lower costs
Peoplewave selected for Startup Station Singapore by Facebook and IMDA Singapore
20 February 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, has been selected to participate in Startup Station Singapore 2019. Startup Station Singapore is a partnership between Facebook and the Infocomm Media Development Authority (IMDA) Singapore. Kicking off in February 2019, this programme will empower data-driven startups to accelerate their businesses in new and cutting-edge ways, while continuing to keep peoples’ trust, transparency and control over their data at
Baby Food Sector in Singapore Global Report 2018: Top Key Players - Abbott Labor …
The Baby Food Sector in Singapore, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Singapore market. The development of the baby food sector in Singapore goes beyond the realms of disposable income and is more often dependent on attitudes to industrially prepared foods in general, the desire for convenient alternatives, and the employment status of women. Baby food manufacturers
ITIL Singapore Certification Training at Vinsys. Get ITIL Training with EXIN & PeopleCert Accredited ITIL Certification Training with IT Tactic of Business Vision ITIL Singapore. ITIL Foundation Singapore is the most widely recognized entrance-level ITIL certification for IT professionals. IT departments need qualified specialists who can carry effective IT services. This ITIL Singapore training will show you the ITIL Singapore services lifecycle, how lifecycle steps are linked, processes elaborate, and finest
Hosiery in Singapore
Orbis Research delivers key insights on the Hosiery market in a new report titled “Hosiery in Singapore” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period. Hosiery in Singapore is an accessory, not a daily necessity, due to the hot and humid climate. Therefore its growth largely depends on fashion trends, particularly men’s desire to accessorise with the colourful addition