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Singapore Remains To Be the Best Financial Investment Center as 2011 Draws Near
Singapore Remains To Be the Best Financial Investment Center as 2011 Draws Near
In Asia and beyond, Singapore remains the easiest place to do business among 183 economies for 5 consecutive years based on the 2011 Ease of Doing Business, with impressive ranks on indicators such as trading across borders, protecting investors, dealing with construction permits, and paying taxes.
Equity Plaza,
Singapore,
Singapore
(prbd.net)
17/11/2010
Many years ago, globalization benefited and was enjoyed mostly by merchants in Europe, the Middle East and North America, with Asia as a minor player. Nonetheless, as 21st century opens, the trade route begins to make a detour with Asia having more voyages than the rest of the world.
In the latest research of HSBC, the last five years were characterized by export and import business at its highest levels, not in the West, but in the East, particularly in Singapore—which has the second largest and busiest port in the world—Hong Kong and China.
Evident to this phenomenon is Singapore-based Neptune Orient Lines, the owner of one of the world’s largest container shipping companies, the Almadine, which sees the apparent new trading direction as it takes its voyages more on the Asian region than in California, delivering goods such as animal feeds, scrap iron, and chemicals.
In Asia and beyond, Singapore remains the easiest place to do business among 183 economies for 5 consecutive years based on the 2011 Ease of Doing Business, with impressive ranks on indicators such as trading across borders, protecting investors, dealing with construction permits, and paying taxes.
In protecting the investors for example, Singapore provides effective business policies for entrepreneurs if they sought the limited liability partnership or private limited company, both of which limit the range of liability to their investments in the company, without affecting personal assets and financial resources.
“Either a limited liability partnership or private limited company has a separate legal status, enabling it to engage in legal transactions deemed necessary for expansion or protection,” elaborates Rikvin, a Singapore-based consultancy firm specializing in business solutions such as company registration and accounting services, “without affecting personal profits and investments.”
When it comes to small and medium enterprises, Singapore has the shortest procedure that according to Rikvin, “can be processed within a day,” provided that all essential documents are ready.
In addition, the ownership can be granted 100% even to foreigners.
“Foreign investors preferring to establish a sole proprietorship company do not require a partner which means they can own 100% of the company shares,” beams Rikvin illuminating the characteristic of the business structure, “nonetheless, they must appoint a local company manager” who must be a local resident, “or a holder of any of Singaporean working visas.”
For all other business structures on the other hand, Rikvin continues its explanation, saying foreigners are eligible to qualify for 100% shareholding, “to satisfy other conditions, they must appoint a local resident director and a company secretary,” both of whom must either be “a citizen of the city-state, permanent resident, or holders of any working Passes.”
Foreigners even reserve the sole discretion over their profits; they have the privilege to repatriate their earnings to their country of origin.
As part of its objectives, Rikvin provides accounting services, payroll services, secretarial and other administrative aspects of a corporate.
“Our goal is to help Singapore grow its reputation being the best environment for any business, small or large”, says Rikvin in a closing statement, “
About the Publisher:
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 Corporate Tax, Offshore Incorporation, EntrePass, Singapore Employment Pass, Personalised work Pass application, GST Registration, Singapore Accounting Services, Tax Planning & Consulting, and Business Plan Drafting.
Rikvin has helped thousands of clients obtain their Singapore Business Registration and employment passes. Singapore Employment Pass (EP) is the main type of Singapore work visa issued to foreign professional employees, managers, and owners/directors of a Singapore company. Refer to Singapore Personalised Employment Pass for more detailed information.
Rikvin Pte Ltd
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
http://www.rikvin.com/
About
Rikvin has helped thousands of clients obtain their Singapore Business Registration and employment passes. Singapore Employment Pass (EP) is the main type of Singapore work visa issued to foreign professional employees, managers, and owners/directors of a Singapore company. Refer to Singapore Personalised Employment Pass for more detailed information.
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