# https://www.rikvin.com

## Singapore Company Incorporation Essentials: Your Guide to Success in 2024 | Blog
_Source: https://www.rikvin.com/blog/singapore-company-incorporation-essentials-your-guide-to-success/_

Renowned for its robust trademark protections, favourable tax policies, and strategic location, Singapore offers unparalleled entrepreneurial opportunities. It is the epitome of a premier business hub in Asia, where 4,550 companies were incorporated in January 2024 alone. Moreover, to alleviate the burden of rising costs, the Singapore Budget 2024 introduced a 50% Corporate Income Tax (CIT) rebate for all companies, capped at S$40,000. With over 100 trade agreements worldwide, Singapore is a gateway to global markets, making it an enticing destination for business ventures. This guide provides a strategic blueprint for seamless company incorporation in Singapore, empowering entrepreneurs with essential knowledge. Inside This Article: Choosing the Right Structure Essential Requirements for Registering a Singapore Company Key Requirements for Registering a Singapore Company Additional Considerations for Registering a Singapore Company Step-by-Step Guide to Company Incorporation Advantages of Incorporating a Company in Singapore Conclusion Choosing the Right Structure: After understanding the registration requirements, businesses in Singapore can explore various business structures to find the best fit for their vision. Options include Private Limited Company (Pte Ltd), Limited Partnership, Limited Liability Partnership (LLP), Sole Proprietorship, Company Limited by Guarantee, Variable Capital Company (VCC), Representative Office, and Branch Office/Foreign Branch. Private Limited Company (Pte Ltd): Offers limited liability, separate legal entity, credibility, scalability, and flexibility in financing, operations, and management. Limited Partnership: This combination of unlimited liability for general partners and limited liability for limited partners requires registration and a partnership agreement. Limited Liability Partnership (LLP): This type of partnership suits professionals sharing fields, blending partnership flexibility with limited liability. It requires registration with ACRA, at least two partners, and one resident manager. Sole Proprietorship: Simple setup and management for single individuals, but entails unlimited liability as the business and owner are legally indistinguishable. Company Limited by Guarantee: This is common for non-profit activities, with member liability limited to agreed-upon contributions specified in the constitution. Variable Capital Company (VCC): Innovative structure for fund management, offering flexible capital management without altering the constitution. Representative Office: Ideal for foreign companies exploring Singaporean business viability without full incorporation, allowing market research and minimal compliance requirements. Branch Office/Foreign Branch: This is an extension of a foreign parent company and requires a resident agent, registered Singapore address, and adherence to local regulations. Essential Requirements for Registering a Singapore Company: Business Structure Selection: Choose the preferred business structure before registering. Registration with ACRA: Register the company with The Accounting and Corporate Regulatory Authority (ACRA), Singapore’s national business regulator. Corporate Bank Account Setup: Establish a corporate bank account for the company’s financial transactions. Key Requirements for Registering a Singapore Company: Company Name Approval: Ensure ACRA approves the proposed company name. Directors: Have one or more directors aged 18 and above meet residency criteria. Shareholders: Have between 1 to 50 shareholders, who can be individuals or legal entities, with 100% foreign ownership allowed. Paid-up Capital: The minimum paid-up capital is S$1, which can be increased post-registration. Registered Singapore Address: Provide the company’s physical address, which is located in Singapore. Company Secretary: Appoint a company secretary to assist with compliance-related tasks. Auditor: Appoint an auditor within three months of registration unless exempted based on specific criteria. Additional Considerations for Registering a Singapore Company: Business Activity Classification: Select an SSIC code to describe the intended business activity. Licenses & Permits: Some business activities require licenses, obtainable through Singapore’s business license portal. Insurance: Consider necessary insurance to protect the business. Tax Incentives: Explore tax incentives and exemptions available for new companies in Singapore, attracting entrepreneurs worldwide. Documents Required to Register a Company in Singapore: To register a company in Singapore through ACRA Singapore, the following documents are required: Company Name Brief Description of Activities & SSIC Code Shareholders’ Details and KYC Information Directors’ Details and KYC Information Registered Singaporean Business Address Share Capital Details The Company’s Constitution Step-by-Step Guide to Company Incorporation Incorporating a company in Singapore follows a two-step process: 1. Reserving the Company Name: The initial phase of company registration involves securing approval for the company name from ACRA (Accounting and Corporate Regulatory Authority). Typically, applicants receive notification of approval or rejection within one working day. However, names containing regulated terms such as “media,” “bank,” “law,” “finance,” or “education” may require additional review and approval from relevant authorities. To increase the likelihood of approval, it’s advisable to avoid similarities with existing company names, refrain from using vulgar or obscene language, and ensure the name isn’t already reserved. Approved names are reserved for 60 days from the application date, with the option to extend for another 60 days by filing for an extension before the expiration. 2. Registering the Company: The registration process begins upon approval of the company name. This involves completing the necessary paperwork and obtaining approval from ACRA. The registration process typically concludes within a business day, assuming company directors have prepared and signed all required documents adequately. Advantages of Incorporating a Company in Singapore: Tax Benefits – Singapore’s Favorable Tax Environment: Singapore’s tax policies encourage business growth and entrepreneurship, offering favourable rates and incentives. Profits earned in the first three years are exempted from taxes, while dividends and capital gains enjoy a 0% tax rate. Singapore also boasts Double Taxation Avoidance Agreements with over 50 countries. Government Support for Entrepreneurs: The Singapore government provides extensive support for innovation and entrepreneurship through grants, tax incentives, and assistance schemes. Programmes such as the Productivity Solutions Grant (PSG) subsidise digital enhancements and services costs, making it easier for startups to thrive. Strategic Location and Access to Markets: Singapore’s strategic position in Southeast Asia and efficient logistics infrastructure make it a prime hub for regional business. Renowned as an international business centre with excellent quality of life, Singapore offers access to emerging markets and valuable business alliances. Talent Accessibility and Immigration Policies: Singapore boasts a highly educated, English-speaking workforce known for its productivity and compliance. Liberal immigration laws facilitate hiring foreign professionals, enriching talent pools and reducing operating costs. Robust Telecommunication Infrastructure: Singapore offers reliable and extensive telecommunication infrastructure, ensuring seamless connectivity for businesses. With abundant public Wi-Fi access points and robust mobile networks, businesses can maintain connectivity with minimal disruptions. Commitment to Transparency and Anti-corruption: Singapore maintains strict policies against corruption, providing a transparent and fair business environment. High salaries for government employees deter corrupt practices

## Business Blogs | InCorp Global |
_Source: https://www.rikvin.com/blog/place-to-do-business/_

Read our Blogs Delve in detail into industry insights and information and gain valuable perspectives and understanding of the different sectors with our business blogs. Singapore Budget 2026: Business Highlights In 2026, Singapore’s corporate landscape is navigating a “new era of growth” defined by rapid AI integration and shifting global trade dynamics. Delivered against a backdrop of geopolitical fragmentation, Singapore Read Insight PEO vs EOR: Which is Better? Hiring employees in Singapore without the right structure can cost businesses months of wasted time, tens of thousands in setup expenses, and compliance penalties that reach five figures. In essence, Read Insight Everything You Need to Know About Employer of Record (EOR) Services in Singapore Expanding your business into Singapore is a strategic move that offers access to one of the world’s most dynamic economies. However, establishing a legal presence, navigating complex employment laws, and Read Insight What is GoBusiness Licensing in Singapore? Starting and running a business in Singapore involves navigating various regulatory requirements, one of the most critical being licensing. Whether you are opening a restaurant, setting up a retail store, Read Insight What is a Holding Company in Singapore? Establishing a corporate structure that supports long-term growth, protects valuable assets, and optimises financial efficiency is a critical goal for any ambitious enterprise. For businesses operating multiple ventures or holding Read Insight Why Do Companies Choose the PEO Model in Singapore? Expanding or operating a business in Singapore presents immense opportunities, but it also comes with significant administrative and regulatory challenges. Managing HR functions, from payroll and benefits to compliance with Read Insight What is a Public Listed Company in Singapore? Key Takeaways What is a Public Listed Company? The Path to an SGX Listing: The IPO Process in Singapore Choosing the Right Board Key Stages of an IPO What Are Read Insight What Does the Future of Interviews in Singapore Look Like? Your recruitment process might be losing you the exact talent you need. Right now. Singapore’s labour market has 1.64 job vacancies for every unemployed person, creating conditions where candidates choose Read Insight What Are the 11 PDPA Obligations in Singapore? In Singapore’s business environment, handling personal data is a daily activity. Yet, this routine task comes with significant legal duties. The Personal Data Protection Act (PDPA) sets the rules for Read Insight How to Renew Company License in Singapore Maintaining a business in Singapore involves more than just driving growth and managing daily operations. It requires strict adherence to a framework of regulatory compliance, a core component of which Read Insight Beyond Compliance: What Are the Benefits of Appointing a Data Protection Officer in Singapore? For many businesses in Singapore, appointing a Data Protection Officer (DPO) is seen as a mandatory step to satisfy the Personal Data Protection Act (PDPA). While this is true, viewing Read Insight Multi-Country Payroll Outsourcing: Benefits for Businesses in Singapore For multinational corporations and regional enterprises headquartered in Singapore, payroll has quietly shifted from a simple administrative function to a critical source of strategic risk. The Economic Development Board (EDB) Read Insight Setting Up a Social Enterprise in Singapore In an era where business success is increasingly measured by both profit and purpose, social enterprises stand at the forefront of meaningful change. Singapore offers a fertile ground for these Read Insight What Are Some Equity Considerations for Your Singapore Company? For early-stage startups and established enterprises alike, cash flow management is a constant balancing act. One of the most effective strategies to conserve capital while attracting top-tier talent is equity Read Insight How to Get Started With Your First Singapore Company Profile A company profile in Singapore is a fundamental document in Singapore’s corporate landscape, serving as an official summary of a business entity registered with the Accounting and Corporate Regulatory Authority Read Insight Guide to Company Financial Statements Financial statements are the official scorecards of your business, translating daily operations into a clear narrative of financial performance and stability. These formal records are essential tools that provide a Read Insight What is Multi-Country Recruitment and Why Should You Choose it? Singapore traditionally ranks No. 1 in Asia for attracting talent, yet up to 91% of Singapore employers struggle to find the skilled workers they need. Over 40% of professional vacancies Read Insight Singapore Tax Treaty Guide 2025: DTAs, Limited DTAs and EOI Arrangements Suppose your Singapore company has a loan from a UK lender and receives an invoice for £100,000 in interest fees. You pay 15% withholding tax of £15,000 to IRAS. However, Read Insight How to Ensure Accounting and Corporate Regulatory Authority (ACRA) Compliance in Singapore For any company operating in Singapore, the Accounting and Corporate Regulatory Authority (ACRA) is the central governing body that sets the rules for corporate conduct. Achieving and maintaining compliance with Read Insight Understanding the Financial Year End in Singapore: Checklist for Companies The end of a company’s financial year marks a critical period of evaluation, reporting, and planning. For businesses in Singapore, the Financial Year End (FYE) is not just about closing Read Insight 1 2 3 … 17 Next Page »

## Contents of Financial Statements of a Singapore Company | Rikvin Pte Ltd
_Source: https://www.rikvin.com/infographics/contents-financial-statements-singapore-company/_

Financial statements are detailed reports offering a transparent summary of a company’s financial performance and position within a specific period. These statements encompass three essential components: the income statement (profit and loss statement), the balance sheet, and the cash flow statement. Learn what the contents of your company’s financial statements should look like in this easy-to-read infographic. Read more: Recent Legislative Changes to the Companies Act » Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. 8 Reasons to Incorporate a Singapore Company Corporate Income Tax Filing for Singapore Companies

## What Makes Singapore Tick? | Rikvin Pte Ltd
_Source: https://www.rikvin.com/blog/what-makes-singapore-tick/_

For much of the second-half of the previous century, Singapore’s port and shipping trade contributed a major chunk of its economy. The city-state delivered high-quality services for ships docking on its shores. So much so, that it grew to become the busiest port in Southeast Asia, and one of the world’s largest container harbors. Efficiency, sound corporate governance, honest government, rule of law, efficacy and reliability became the trademarks of ‘brand Singapore.’ The government, realising the country’s lack of natural resources and a small pool of labor, decided to adopt the ‘hub-concept’ for Singapore. Investments were made and a stimulating intellectual climate was cultivated to attract foreign talent and multinationals to setup a company in Singapore . The results of such robust planning and strategic foresight is now visible to everyone. Singapore is a major aviation hub and Changi airport is among the best in the world. The city is frequented by the global elite for lectures, seminars, conferences, and thought-leadership symposiums, making Singapore the global research hub in IT, biotechnology, education and healthcare. “Singapore has consistently been home to high net worth individuals (HNWIs) who set consumer trends, generate employment and help grow the overall economy,” said Mr. Satish Bakhda, Head of Operations in Rikvin. “Their increasing faith in Singapore company incorporation is a testimony to the success of interdisciplinary and intersectoral approach to business that is prevalent here.” Fortunately, and as a further proof of an open-minded and integrated society that Singapore is, there is near unanimity among citizens on the country’s need for foreigners and the important economic functions performed by them. “Though Singapore-foreigner divide was a hot topic during last year’s general election, it was more the fear of economic competence, rather than racism or xenophobia,” added Mr. Bakhda. Notably, there is no salient history of any form of anti-foreign sentiment in Singapore, unlike some almost homogeneous societies of Europe. “The question is not whether we want foreign talent or not. To ensure a vibrant and colorful economy, we have to make some room for foreign talent. However, the crux of the matter is whether we can absorb them sustainably and if Singaporeans will be disadvantaged in this process. The way to move forward is to embrace merits of an open economy, while addressing the concerns of Singaporeans,” concluded Mr. Bakhda. Setting up a new Singapore company? An hour is all we need. Coupled with transparent, highly-competitive pricing and timely, committed support, your Singapore company registration is made easy. Talk to our Experts Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. Singapore refines list of investment products Singapore Business Performance: Rank me up! Rank me down!

## Singapore Fast Becoming a Global Education Hub | Rikvin Pte Ltd
_Source: https://www.rikvin.com/press-releases/singapore-global-education-hub/_

According to a recently-released report by Universitas 21 called “U21 Ranking of National Higher Education Systems,” Singapore emerges as the top 11th country worldwide and first in Asia for its provision of quality higher education. The survey, which measures 48 countries based on four indicators i.e. resources, environment, connectivity and output, aims to provide insights into areas for improving living standards and how quality higher education systems contribute to new ideas, bilateral trade relations and business activity. Singapore company formation specialist Rikvin is confident that U21’s latest report not only reaffirms and reflects Singapore’s standing as a global education hub but indicates the high quality of manpower that Singapore contributes to the global business community. Analysis by Rikvin shows that U21’s ranking is not the only accolade credited to Singapore’s higher education system. Quacquarelli Symonds has recently ranked Singapore as the top Asian city and 12th worldwide for university education. Prior to that, institutions like the Economist Intelligence Unit, Times of London and Asiaweek have ranked Singapore’s universities favorably. Singapore is also fast becoming Asia’s top business school (b school) destination. Both of its homegrown business schools – the NUS Business School and Nanyang Business School – have maintained their standing within the top 34 positions in the Economist and Financial Times global MBA list. Additionally, approximately 3,000 candidates from India travel to Singapore annually to benefit from a management education in the Republic. “As Singapore is strategically placed in the heart of Asia, it has become an esteemed business epicenter that serves as a gateway between Western and Eastern economies. As education contributes to new business ideas and activity, it would then make sense to offer the best tertiary education options that are directly relevant to businesses here,” said Mr. Satish Bakhda, Rikvin’s Head of Operations. Rikvin has determined four factors as to why Singapore is fast becoming an education hub for students from all over the world. ENVIRONMENT Singapore offers a relatively safe, low crime environment that facilitates business-related and social activities. Backed by sound corporate governance and political stability, Singapore is also a model for efficiency. This in turn supports education and business activity as well. WIDE VARIETY OF QUALITY EDUCATIONAL INSTITUTIONS Singapore offers a wide variety of quality universities ranging from local to international. Apart from the four local universities – the National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU) and Singapore University of Technology and Design (SUTD), nine leading international institutions have established an Asian campus in Singapore. Singapore universities have also collaborated and offer joint programs with 29 high-calibre international universities such as The Wharton School of the University of Pennsylvania, Massachusetts Institute of Technology (MIT) and New York University School of Law. SMU, the newest and only business-focused local university, has been awarded a first-ever long-term, five-year AACSB & EQUIS accreditation. COST OF EDUCATION According to a report by Business Standard, management education in Singapore is more affordable (approximately 20 – 25% cheaper) than those in the USA and United Kingdom. For example, the total fees for a full-time MBA program in Singapore ranges between S$57,000 and S$60,000. A Masters in Fine Arts at the NYU Tisch Asia on the other hand costs under US$48,000. Thus, regional students need not go far to enjoy high quality education and students from around the world benefit from education that EDUTRUST QUALITY ASSURANCE Lastly, to protect students, the Singapore Private Education Act requires all private education institutions (PEIs) to be registered with the Singapore Council for Private Education (CPE). As the validity period of PEIs’ registration status varies and is based on how well a PEI measures up to CPE’s registration criteria, private education institutions will be encouraged to improve their standards to attain a longer validity period of registration. “In total, these factors sum up why Singapore is fast becoming a global education hub. But most of all, Singapore’s unique East meets West character is a salient offering that cannot be replicated elsewhere. Its education system is imbued with it and equips globally-minded professionals with the knowledge they need to apply in the workplace or if they decide to form a Singapore company“ added Mr. Bakhda. Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. Rikvin Outlines High Demand Skills in Singapore Singapore On its Way to Attain National Infocomm Technology Goals

## How to Register a Company in Singapore | InCorp Global
_Source: https://www.rikvin.com/blog/how-to-register-a-company-in-singapore-in-10-simple-steps/_

InCorp Content Team 14 Apr, 2026 9 min read Singapore has consistently topped the World Bank’s “Doing Business” report that tracks and scores the indicators of the ease of doing business in over 190 countries of the world. Particularly, Singapore’s score for indicators measuring the ‘ease of starting a business’ has always been remarkably high. It is mainly attributable to factors such as quick and easy online registration, the S$1 minimum paid-up capital requirement and low registration fees. The process for registering a company in Singapore is straightforward and devoid of bureaucratic complexities. The government actively promotes company incorporation by providing a range of tax exemptions and schemes tailored for startups. This is why many new entrepreneurs prefer to register their companies with ACRA. The Accounting & Corporate Regulatory Authority (ACRA) supervises the process for company registration in Singapore. The following article is an overview of the ten simple steps to register a company in Singapore. Finalise the Entity Type Reserve and Register a Company Name Get Documents Ready Register a Singapore Company Get Certificate of Incorporation Post Incorporation Formalities Open a Corporate Bank Account Obtain a Business License Get GST Registration Annual Filing Requirement and Ongoing Compliance Steps to Register a Company in Singapore Step 1: Finalise the Entity Type Before you register the business, it is essential to choose the legal structure that is ideally suitable for the nature of your business and would maximise the tax benefits. As a Private Limited Company entity type involves higher registration costs and complex compliance requirements after registration, first-time entrepreneurs must carefully consider the implications of choosing to register a business as a private limited company. It is not prudent to absorb a compliance obligation and cost structure that is disproportionate to the scale of risks involved or incomes generated by the business. Sole Proprietorship will fit a small business that is less risky and typically operated by the owner himself; as this would have minimal post-registration compliance obligations, the compliance cost is also minimal. However, if the business relies on pooling funds or other resources by two or more partners who would like to limit their liability, then a Limited Liability partnership would be an ideal choice. Notably, the chargeable profits of these two types of entities would be assessed as the income of the owners and subjected to personal tax rates. A Private Limited Company is the common choice for businesses that have considerable risks, long-term plans, and high profits. This entity type limits the liability of the shareholders to their subscribed share capital, allows the entity to access tax concessions, conveys a credible image and increases the potential to attract more investors or access more financing options. However, the ongoing compliance cost is higher compared to that of a Sole Proprietorship or a Limited Liability Company. Step 2: Choose, Check, Reserve and Register a Company Name Naming your business is undoubtedly an exciting experience. While you may seek suggestion from your associates and well-wishers, choose a name that is relevant to your business in the long run. You have to be mindful of the fact that ACRA will decline registration of names that are undesirable, or identical to any registered to reserved name, or unacceptable as per the direction of the Minister. After you have come up with a list of potential names, check if they are available. It is likely that the names are already reserved or registered by some other company or individuals. This name-checking step will help you to identify and shortlist the names on your list. Note: You may check company names using our Singapore Company Name Checker Tool » Having shortlisted the name, your next step is to apply for the approval and reservation of the name with the ACRA. The Registrar will generally approve the name quickly, the same day, if the name complies with the guidelines and does not infringe any trademark or copyrights and does not require the approval of other agencies. For instance, names that include words such as Banks, Finance, Funds, etc, need the approval of other Monetary Authority of Singapore. To avoid unnecessary delay, corporate service providers like us ask our clients to provide two other choices of names in addition to their preferred choice. Once approved, the name will be remain reserved for you for 60 days from the date of application. It is advisable to complete the company incorporation within the reserved period. Nevertheless, you can seek for an extended reservation of another 60 days by filing a request. Step 3: Get Required Details Ready The following items must be ready before proceeding with the registration process. ACRA approved company name Brief description of business activities. You need to appoint a minimum of one resident director in your company – the personal identification and address details. You can have anywhere between 1-50 shareholders – the personal identification and address details of each of the shareholders. In the case of foreigners, their passport and overseas residential address proof, and other Know-Your-Client (KYC) information such as a bank reference letter, personal and business profile, etc. You need a local registered address for the company office in Singapore. You need to appoint an ordinarily resident person as a Company Secretary within six months from the date of company incorporation. In the case of a sole director, the director cannot act as a Company Secretary. You need paid-up initial capital of minimum S$1. Step 4: Register a Singapore Company Upon approval of the name by ACRA, you may proceed to register your company. After submitting the duly signed application form and all relevant documents and payment of the registration fees, the Registrar will approve the registration within one working day in most of the cases. In some rare cases, the Registrar may request additional information or documents. Step 5: Issue of Certificate of Incorporation When the application of registration is approved, and the Singapore company incorporation is successfully completed, ACRA will send an official email notification to confirm it. The email notification includes the company registration number and is treated as the official Certificate of Incorporation in Singapore, and no hard copy is issued. However, if you need one, you can make an online request to ACRA after incorporation by paying S$50 per copy. Hard copy Certificates of Incorporation can be collected from the ACRA office the day after filing the online request. The Registrar also has a Business Profile created for your company upon incorporation. The Business Profile is a PDF document that has the following information: Company name and registration number Previous names for the company, if any Incorporation date Principal activities Paid-up capital Registered address Shareholders details Directors details Company Secretary details A copy of this can be requested online from ACRA by paying a nominal fee. The copy of the Certificate of Incorporation and a copy of the Business Profile are the two commonly requested documents for purposes of contracts and other transactions. Step 6: Post Incorporation Formalities After incorporation, the company must ensure that the following are in place Share certificates for each of the shareholders Share register indicating shares allotted to each of the shareholders Step 7: Opening a Corporate Bank Account A corporate bank account is the most fundamental requirement for any business to commence its operations after its successful incorporation. As an international financial centre, Singapore has a wide choice of banks, including all leading international and regional banks. However, foreigners should take note the most of the banks require t

## Filing Requisites for Dormant Companies | Rikvin Pte Ltd
_Source: https://www.rikvin.com/infographics/filing-requisites-for-dormant-companies/_

What are the allowed transactions by ACRA for dormant companies? Are you still required to file with IRAS and ACRA despite your company’s dormant status? Find out these and more via this easy-to-understand infographic. Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. Steps in Convening Annual General Meeting (AGM) Guide to the Startup SG Founder Scheme

## Singapore: Most Expensive City for Expats in Southeast Asia | Rikvin
_Source: https://www.rikvin.com/press-releases/singapore-emerges-as-the-most-expensive-city-for-expats-in-southeast-asia/_

Singapore has climbed two notches in the recently-published Mercer 2012 Cost of Living survey, making it Southeast Asia’s most expensive city and the third most expensive city in Asia for expatriates after Japanese megacities Tokyo and Osaka. The Lion City shares the sixth place with Zurich and comes hot on the heels of Geneva (5), Moscow (4) and Luanda (2). The survey, which encompasses 214 cities worldwide, is designed to help multinational firms and governments decide on compensation packages for expatriate employees. It measures 200 indicators including food, transport, accommodation, household goods, clothing and entertainment. Analysis by Singapore company registration specialist Rikvin shows other than Swiss cities Geneva and Zurich, no other European city dominates the top ten list. In addition, US cities are absent in Mercer’s top ten and top twenty lists. At the same time, emerging Asian cities Yangon, Shenzhen and Guangzhou, have all risen considerably and are placed within the top 35 positions in Mercer’s list as well. “Being tagged as one of the world’s most expensive city may be counterintuitive to attracting business and gold-collar talent. However, on one level, Singapore’s higher ranking in Mercer’s list can be attributed to precisely its ability to attract foreign investments, businesses and talent. On another level, the ranking reflects a shift in global economic activity,” said Mr. Satish Bakhda, Rikvin’s Head of Operations. In gist, Rikvin has recognized two major factors that have attributed to Singapore’s sixth position in Mercer’s survey. They are: 1) the appreciation of the Singapore dollar vis-à-vis the US dollar and 2) Asia’s growth story vis-à-vis sluggish growth in Western economies. APPRECIATION OF THE SINGAPORE DOLLAR VIS-A-VIS THE US DOLLAR All comparisons in the Mercer Cost of Living survey were assessed against a base currency and city i.e. the US dollar and New York City. According to data from the Monetary Authority of Singapore, the Singapore dollar has appreciated against the US dollar between January 2008 and May 2012. In January 2008, the Singapore dollar traded approximately S$1.42:US$1.00. However, in January 2011 through May 2012, it consistently valued higher, averaging S$1.28:US$1.00. The appreciation of the Singapore dollar against the US dollar especially after January 2011 then indicates why the Republic’s cost of living supercedes that of the Big Apple. ASIA’s GROWTH STORY VIS-A-VIS SLUGGISH GROWTH IN THE WEST Furthermore, amidst sluggish economic growth in the United States and Eurozone, entrepreneurs, professionals and investors have looked to high-potential Asian cities such as Singapore, Yangon and Shenzhen to open a company or seize business opportunities. The fact that these cities have moved up the scale and are fast displacing traditionally expensive European or US cities in Mercer’s list reflects that more business activities are gravitating towards them. This phenomenon in turn opens up new consumer markets and pushes up living costs as demand for niche accommodation, transportation and other indicators correspondingly increase. “Following the migration of many business activities to the East and emerging cities, it comes to no surprise then why an economy as open to business as Singapore, has moved up Mercer’s list, beating even Scandinavian cities like Oslo, Copenhagen and Stockholm – all traditionally perceived to be more expensive. Instead of being detrimental to business, we recognize Singapore’s position in the list not only as a reflection of Singapore’s openness to foreign investments and the new reality that Singapore is not a low-cost business location; but also that it is fast becoming an economy driven by value-added activities,” added Mr. Bakhda. In order to entice entrepreneurs and multinational firms to consider Singapore company formation, the Republic has effected a number of measures to mitigate rising living and business costs. They include attractive Singapore personal income tax rates, corporate tax deductions via the Productivity and Innovation Credit (PIC) program and capability development programs when employers train up or upskill their employees. “While cost is an important factor, it may not be the sole determinant of one’s choice to relocate and work in a said city. Other factors such as safety, healthy business ecosystem, accessibility, creature comforts, recreation, environment and a sound regulatory framework play a role as well. The presence of over 7000 multinational companies, many of which have established headquarters here, is testament to Singapore’s unique role as a business epicenter straddling the East and West,” affirmed Mr. Bakhda. Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. Rikvin’s Singapore Youth Unemployment Story Featured on Human Resources online.net Wealthiest Singapore Businesses Keep it in the Family

## Singapore Sets the Bar for Quality of Life in Asia | Rikvin Pte Ltd
_Source: https://www.rikvin.com/blog/singapore-sets-the-bar-for-quality-of-life-in-asia/_

The world is in a mess. Economic uncertainty looms large over much of the western world provoking varying degree of social and political unrest. The U.S. is witnessing record levels of unemployment, Europe is facing a huge debt crisis and double dip recession, and the Middle East is still coming to terms with last year’s Arab Spring. The only region which is still showing economic growth and continues to invest in improving the quality of living for its residents, both local and expatriates, is Asia. “As demonstrated by Mercer rankings over the years, Singapore has proven to be the favorite city in Asia among expatriates due to its relative stability, high personal safety, wealth of public services and recreational provisions. Singapore work visa policies, low pollution levels and a multicultural society are some other favorable factors,” said Mr. Satish Bakhda, Head of Rikvin Operations. “Other factors such as world-class medical facilities, low crime levels, good public transportation, housing and education institutions are cited as sound reasons for entrepreneurs to set up shop and nest in Singapore ,” added Mr. Bakhda. In terms of ranking, Singapore supercedes other Asian cities ranked in the top 100 namely Tokyo (46), followed by Hong Kong (70), Kuala Lumpur (76), Seoul (80) and Taipei (85). “When clients approach Rikvin for incorporating a Singapore company , they cite Singapore’s wide network of trade agreements, attractive tax system , and sound intellectual property protection laws as reasons to invest here. Other factors include strong bilateral relations with a wide network of economies, internal stability, ease of entry and exit, currency exchange regulations, efficient banking services, airport connectivity, variety of dining and recreational avenues. One additional factor that makes relocation to Singapore even more attractive is its proximity to the emerging markets of India, China, Vietnam and Indonesia. “Procter & Gamble (P&G), the world’s largest consumer-products maker, decision to move its headquarters for skin care and cosmetics to Singapore demonstrates that,” concluded Mr. Bakhda. Need help in Shifting Your Business to Singapore? Whether you are a small company or a big multinational firm, opting for Singapore company incorporation will give you a head start to tapping the region's developing economies. Contact Us Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. Who will bridge Singapore’s skills gap? Aussie Coal Billionaire Nathan Tinkler to Relocate to Singapore

## 5 Things to Consider When Starting a Singapore Company | Rikvin Pte Ltd
_Source: https://www.rikvin.com/blog/five-things-to-consider-when-starting-a-singapore-company/_

For many years now, Singapore has been described as the best place in the world to start a business . It has been an international hub for business attracting entrepreneurs from around the world. Starting a business in Singapore is a breeze as it takes just three days to complete all formalities of registration. The country’s sophisticated infrastructure and a large pool of skilled workers are big attractions for entrepreneurs as well. According to the World Bank’s Doing Business index, entrepreneurs consistently find it very easy to start a Singapore company . Even large multinational companies make it a point to have a regional presence in Asia via Singapore. Singapore, one of the most attractive business locations in the world Singapore allows companies to tap the extensive South East Asian markets due to its strategic location at the southern tip of the Malay Peninsula. Furthermore, Singapore’s political stability has played an important role in the development of a robust business environment that remains attractive to entrepreneurs from around the world. Whether it is a small, medium, or large company that you want to set up, there are some important considerations that need to be kept in mind. One needs to be 18 years or more to be able to set up a Singapore company. You must also not be bankrupt to set up a business in Singapore. 5 Factors to Bear in Mind When Starting a Company Choosing the right type of business entity for your company is crucial for survival and success in Singapore. There are many factors such as initial paid-up capital, the number of shareholders, liabilities, and roles you are prepared to take on that will decide the success of your venture. Research a number of websites specially made to help people start a business in Singapore . These sites contain hundreds of FAQ’s on the subject of setting up a company in Singapore. Singapore has a unique population profile. It is interesting to note that though the population of the country stands at approximately 5.2 million, there are only about 3.3 million people who are citizens and 0.5 million others who are Singapore permanent residents. Singapore also has a very low birth rate which will affect the elderly to working adult support ratio in 2030. Hence, the government has been making concerted efforts to encourage the citizens to set up businesses so as to keep capital flowing within the country and improve the standard of living so that more young couples can marry and make families. Related Read: Your basic incorporation checklist. What next? Send us your inquiry Affordable and Transparent Fees We lead the industry in affordable and transparent pricing - with no hidden fees. Contact Us Rikvin Content Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia. Gold Volatile or Risky Where do you store your gold?