Rikvin PTE LTD: Rikvin Assists SMEs Setup a Singapore Branch Office

Entrepreneurs from other economies in Asia and the Pacific eye Singapore as the best destination to establish a presence, to penetrate its market potential for profitability in microscale, and expansion in macroscale.

Entrepreneurs from other economies in Asia and the Pacific eye Singapore as the best destination to establish a presence, to penetrate its market potential for profitability in microscale, and expansion in macroscale. This is despite the size of the business they run in their territory. 

With globalization as the only forward-moving vehicle to international success, many business-inclined individuals plan on registering a branch office for a few reasons. 

“Foremost, a branch office enables small and medium-scale enterprises to promote the brand of its foreign company,” remarks Rikvin, a firm founded in Singapore mainly to provide business solutions and processes to all businesses registered. 

It adds: “With a branch office, all its activities are deemed legal. It can reach out to its local agents and distributors and support them in their marketing objectives, thereby, helping the foreign company increase its profits.” 

Singapore has a lot to offer. Its melting pot constitutes peoples from all walks of life. The presence of its diversity calls for diversity in needs and preferences, an indication of a healthy competition. 

Thus, Rikvin continues: “Foreign companies can explore and expand their business opportunities in the local market of Singapore as per their perspectives.” 

Unless foreign companies hold a Singapore Personal Access card or NRIC, they should employ a professional business registration service provider. 

As business registration is among its specializations, Rikvin says that during registration process, the foreign company must submit its own Memorandum and Articles of Association or its equivalent as the branch is deemed as a legal annex. It does not have its own legal existence. 

Rikvin elucidates: “Included in the said MAA are details on the activities that the branch is allowed to conduct, information about the directors and their corporate powers, appointment of agents, local address, and foreign company’s Incorporation Certificate.” 

The two agents appointed ought to be among the locals. However, as mentioned earlier, Singapore allows foreign nationals to be part of the administration and management of businesses in the city-state. Hence, by applying for an Employment pass, foreign nationals can be appointed as the agents.

Rikvin also offers nominee agent service to foreign companies. With such service, the registration of a branch office is quicker as their information is lodged in the MAA during registration. Also, these temporary agents can help in the business until such time when qualified individuals have been issued with their respective labor passes. 

Rikvin is a one-stop hub for all business needs. Its other specializations include immigration, accounting such as bookkeeping and preparation of financial accounts and payroll management, annual returns filing, and company secretaryship. 

About the Publisher: 
Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company. The company provides complete corporate solutions to investors and entrepreneurs both local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to financing and compliance services. 

Rikvin assures its clients of confidence in dealing with every transaction. Its employees maintain competence and above all, Rikvin’s principles adhere to business ethics and all applicable laws. Its goal is to provide a highly personalized and professional service worthy of our clients loyalty. 

“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.” 

For more information, visit: 
Rikvin PTE LTD 
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 
Main Lines : (65) 6438 8887 
Fax : (65) 6438 2436 
Email : info@rikvin.com 
Website: http://www.rikvin.com/