Rikvin Discusses Why Entrepreneurs Should Form a Singapore Company

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					Rikvin Discusses Why Entrepreneurs Should Form a Singapore Company

Rikvin, a reliable Singapore company registration firm explains the advantages of
forming a Singapore Private Limited Company. The discussion was for the purpose of
providing a guide for entrepreneurs in choosing the type of business to establish and
also for the purpose of helping them form a Singapore company or incorporate a
Singapore company.

Private Limited Company is a type of private company limited by shares and
registered with Accounting & Corporate Regulatory Authority (ACRA) under the
Singapore Companies Act. A Singapore Private Limited Company has a separate legal
entity from its shareholders, and therefore they are not liable for the debts and
losses of the company.

“An incorporated Private Limited Company in Singapore is the most popular
business entity available through ACRA,” Rikvin said.

Some of the common features of a Private Limited Company include a legal entity
separate and distinct from its shareholders and directors, partners have limited
liability, it can sue or be sued in its own name, it can own property, a minimum of 1
and a maximum of 50 shareholders and a newly startup Private Limited Company is
eligible for local tax exemptions and incentives.

Rikvin also discussed the common advantages of establishing a Private Limited
Company: shareholders not personally liable for debts and losses of company, profits
taxed at corporate tax rates, newly incorporated companies are entitled to tax
incentives and exemptions, the company, as a separate legal entity, does not cease
to exist if one or more of its shareholders die, a company’s life is usually perpetual
and ownership of a company can be transferred and additional shareholders can be

About the Publisher:

Rikvin is a Singapore-based consultancy that offers business solutions for both local
and foreign professionals, investors and entrepreneurs. Rikvin’s areas of expertise
include assistance for Singapore company registration, offshore company setup,
Marshall island incorporation, Singapore work visa, and other related corporate
services. Rikvin also provides immigration services for foreign professionals wishing
to relocate to Singapore.

Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887
Fax (65) 6438 2436

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