Why You Should Setup Your Singapore Company With Rikvin
Why will you ever want to set up a company in Singapore in the first place? In Asia, Singapore is one of the best countries to live in. This is also the rationale behind the fact that Singapore is one place where the cost of living is very high. Not only is there an increased cost of living in Singapore but there is a reliable taxation regime for Singapore offshore companies as well. By reason of this attractive tax regime, both individuals and companies have gained great benefits. One example is that there are no taxes imposed on profits from outside Singapore in accordance to certain conditions. Included in these conditions are dividends and income sourced from abroad. Also, well-structured companies incorporated in Singapore are exempted from taxes on their profits coming from overseas.
Although the incorporation process in Singapore is very easy, the authorities have come up with certain guidelines to ensure compliance with all the legalities. In this way, the reputation of the country is maintained. The law permits a low capital. When it comes to the point of view of regulatory obligations, Singapore is one of the easiest countries to operate a company.
An important requirement is that the director appointed must be a Singapore resident. It is always advised that in setting up the company, a professional service firm must be hired in order to take care and manage the details of the entire process.
Singapore is popularly referred to as a “tax haven”. A tax haven is a term used to refer to jurisdictions having low taxes and is usually treated with caution by revenue authorities fighting tax invasion. There is no worry in setting up a business in Singapore as the country is very stable politically and economically.
When it comes to businesses, the Singapore government is very much friendly and accommodating. There are available local consultants offering office services. There are also less restrictions to fund transfers and international financial transactions. Singapore was voted by the World Bank as the world’s “easiest places to do business” in 2010. All documents must be ensured to appear in the English language. Every company with total sales of S$5 million must submit annual financial statements to the Inland Revenue Service. There are sixty countries that entered into an agreement with Singapore with regards to double taxation. A strong legal framework and strict protection of intellectual property of companies are just some of the priorities that Singapore can offer to its investors. Singapore is one of the top three countries in the world when it comes to information technology. When it comes to foreign direct investment, Singapore is ranked as the third largest country. These are some of the reasons why Singapore is one major attraction for setting offshore companies.
In light of this, Rikvin provides company registration services to assist entrepreneurs and achieve their business incorporation objectives through cost and time efficient way while building high level of confidence towards the company.
Rikvin has effectively facilitated Singapore company setup and Singapore company registration for both non-resident and resident financiers build business firms in Singapore.
Incoming calls in our phones are answered by live persons and not by an answering machine. We recognize the importance of your time and we are aware that technology cannot replace a person most especially, when we need to make vital business moves. If you are interested in learning more about Rikvin’s Services kindly email us at info@rikvin.com or give us a call at +65 64838887.
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