Press Release—Rikvin Provides Representative Office Setup Services
Rikvin offers Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.
Published on: Mar 4, 2016
Transcripts - Press Release—Rikvin Provides Representative Office Setup Services
Press Release—Rikvin Provides Representative Office Setup ServicesA representative office is a perfect vehicle to employ to assess business opportunities. In Singapore, arepresentative office has 3 years of maximum existence with a yearly renewal of registration. It does notrequire huge financial investments.The registration itself is initiated by a professional service provider like Rikvin due to eligibility matters.Rikvin’s representative office setup services begin with a free name check service.“Although a representative office should bear the name of its parent corporation, it must be ensured that itis available, free from obscenity, and without infringements of copyrights and trademarks,” says Rikvin.To be approved, the name must be unique without similarities to other registered and existing business soas to be mistaken for another.Upon availability and conformity, the name of the representative office is registered. For the registration ofthe representative office, the parent corporation must have a chief representative, registered address, andshareholders.“The shareholders should be the parent corporation, which owns 100% of the representative office,”Rikvin remarks, “while the registered office can be a residential or commercial, as long as it is not a POBox.”A chief representative leads the activities of the office. It can be a Singaporean citizen, permanentresident, or foreign national holding an Employment pass. Upon setting up the representative office in 5working days, Rikvin can assist in the processing of work visas for foreign nationals who will relocate toSingapore.“The documents needed are a completed application, copy of the parent company’s certificate ofincorporation, copy of the parent company’s latest annual report & audited accounts, and duly endorsedundertaking to abide by the Terms & Conditions governing the Representative offices in Singapore,”Rikvin explains.After the registration, Rikvin can also help in post-incorporation matters like opening of a corporate bankaccount and custom registration with Singapore Customs to obtain a CR number to allow the office toimport samples of goods for its brand promotion campaign.“We can set up an appointment between the bank personnel and the investor in our corporate office to setup the corporate bank account,” Rikvin quips.A representative office is not a legal entity. It is not allowed to engage in trading, commercial activities orany activities that may yield profits.“A representative office is only for activities that would help the investor gain information about thebusiness opportunities in Singapore by conducting marketing research, feasibility studies, liaising, brandpromotion, and coordinating between the parent company & local distributors and agents,” Rikvin says inconclusion.
About the Publisher:Rikvin has successfully assisted local and foreign entrepreneurs incorporate a Singapore company. Oursuccess rate is phenomenal, most of our enterprise clients have entrusted us, with the routinemanagement tasks such as `book keeping and secretarial services and we continue to impress thembeyond our promise. Rikvin has also successfully helped hundreds of foreign entrepreneurs register aSingapore company.Our phones are answered during business hours by specialists and not by an answering machine. Weappreciate the value of your time and understand that a person cannot be replaced by technology. This isespecially true when it comes to making important business decisions. If you are interested in learningmore about Rikvin’s Services kindly email us at email@example.com or give us a call at +65 64838887.