Rikvin is a reliable Singapore company registration firm that specializes in all kinds of company incorporation both for local and foreign entrepreneurs. Rikvin makes sure that necessary business elements for Singapore company setup are taken cared of.
To incorporate a Singapore company is crucial for every entrepreneur especially for foreigners. Because of this, Rikvin establishes a unique service that will bring comfort to foreign investors. One of the most popular foreign companies is a subsidiary company.
“A Subsidiary Company in Singapore is an incorporated private limited company, which the majority of shares are held by a corporation, foreign or local. A Subsidiary Company in Singapore is considered a resident company. A newly incorporated Singapore Subsidiary Company, with at least one individual shareholder that has a minimum of 10% shareholding, is entitled to the local tax exemption of zero tax for the first S$100,000 of its chargeable income,” Rikvin said.
Rikvin presented the two options available for Singapore subsidiary registration. These are Subsidiary Setup with Relocation to Singapore and Subsidiary Setup without Relocation to Singapore.
“If you wish to incorporate a Subsidiary Company and relocate foreign staff to Singapore, you will need to accomplish two main tasks: incorporate the Subsidiary Company and obtain an Employment Pass. The Employment Pass application can be filed only after the Subsidiary Company has been incorporated,” Rikvin added.
On the other hand, According to Rikvin, “If you wish to set up a company without having to relocate, Singapore allows the set up of your company in Singapore provided you appoint a Singapore resident director when incorporating the company. You can engage Rikvin’s Nominee Director Service to satisfy the statutory requirement of at least one local resident director.”
Author Box: