Rikvin Registers A Business Doing a business is easiest in Singapore, where the taxes are among the friendliest in Asia Pacific and even in the world. In the coming Year of Assessment 2011, the corporate income shall be taxed at even lower rates than the current. For personal income, the taxes are lower for the Year of Assessment 2012 than the current. Foreign businessmen can register a business and be a lone proprietor. They can choose to register a sole proprietorship, the simplest and most flexible business structure in Singapore. For registration, a businessman only has to present a valid local business address for the requirement. Foreign investors and foreign companies can register a sole proprietorship but the procedure is handled by a third party unless they are eligible by holding a SingPass. “The sole proprietor maintains the authority over the business and the revenues. And because the business itself is not a legal entity, its revenues are considered a part of the proprietor’s income, and are therefore, exempted from double taxation as only the proprietor is taxed,” explains Rikvin, an incorporation and immigration specialist based in Singapore. As young as an 18-year old can register a sole proprietorship business. Foreign proprietors, whether company or natural person, must appoint a local individual to be the manager. Should they wish to employ themselves and become the manager, they ought to seek for the approval of the Ministry of Manpower before they can apply for the Employment pass . As part of its customer satisfaction principle, Rikvin offers a name check service for free. The name check is the initial step in business registration. Investors are allowed to submit two proposed business names for checking.

About the Publisher:Rikvin has successfully assisted local and foreign entrepreneurs incorporate a Singapore company . Our success rate is phenomenal, most of our enterprise clients have entrusted us, with the routine management tasks such as `book keeping and secretarial services and we continue to impress them beyond our promise. Rikvin has also successfully helped hundreds of foreign entrepreneurs register a Singapore company .

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. 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..