Singapore Company Registrar’s Registration Requirements

The official facilitator of business entities and accountants in Singapore is the Corporate Regulatory Authority or ACRA, which mission is stated as, “to provide a responsive and trusted regulatory environment for businesses and public accountants”. Achievement of synergies between the monitoring of corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit is one of the roles of ACRA.

ACRA, the Singapore company registrar operates on the following targets as clearly stated on their website:

1. To administer the Accounting and Corporate Regulatory Authority Act (Cap 2A), the Accountants Act (Cap 2), the Business Registration Act (Cap 32), the Companies Act (Cap 50), the Limited Liability Partnerships Act (Cap 163A) and the Limited Partnerships Act 2008 (Act 37 of 2008);
2. To report and make recommendations to, and advise the Government on matters relating to the registration and regulation of business entities and public accountants;
3. To establish and administer a repository of documents and information relating to business entities and public accountants and to provide access to the public to such documents and information;
4. To represent the Government internationally in matters relating to the registration and regulation of business entities and public accountants; and
5. To promote public awareness about new business structures, compliance requirements, corporate governance practice and any matter under the purview of the Authority.

If we are to analyze the stated mission and objectives of ACRA, we can conclude that ACRA functions a vital role as a leader in managing the progression of businesses and development of individual’s public accountancy profession.

Now, let us proceed to the most important part, the registration requirements. Please be guided by the following requirements before registration. In order to avoid denial of application, you should meet the requirements below.

1. You must be at least 18 years of age (with effect from 1 March 2009).
2. You must not have a bankruptcy history or else you must obtain the permission from High Court or Official Assignee if you are planning to incorporate a company in Singapore.
3. You must not be disqualified under Sections 149, 149A or 154 of the Companies Act.
4. You will need to apply for an EntrePass from the Ministry of Manpower (MOM) if you are going to be actively involved in managing the company’s operations.

Let us also take note of the following set up requirements:

1. Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
2. Minimum initial paid-up share capital is S$1
3. Singapore Company must have a Singapore registered office address

Finally, it should also be noted that foreign corporations and individuals must engage a professional firm that is experienced in company incorporation in Singapore to set up a company.

For further assistance, inquiries and concerns, please make it possible for Rikvin to help you and be part of your trouble-free business registration procedure.

Rikvin is an ACRA Registered service bureau. We provide a complete corporate solution under one roof for Singapore company registration for private limited company.

Are You Looking to Register a Company?

To register company in Singapore entails very simple steps and after that you’re good to start your business. This process begins with the interested parties applying for the EntrePass or the popularly known Employment pass which is the legit and approved procedure in Singapore. This document is a must for any individual and it’s valid for only 2 years, after that a renewal process follows. The renewal is only necessary if you wish to continue with your business. Foreigners have always been welcome here offering a superb life that can be made a permanent stay permit after one year. This is only possible however after one has applied for it. In general, to register company in Singapore requires the issuance of the two mentioned migration visas which is mandatory. registering a company in singapore

Singapore being a nice country has influenced very many entrepreneurs across the world because of the minimal and friendly requirements required, as opposed to those ones from other countries. So any business minded person and clients wishing to be based here can have specialized packages tailored for their needs. The packages accommodate all groups of people such as foreign professionals, executives, directors, shareholders and many others. If you are wondering how to register a company in Singapore you need to work in conjunction with the Immigration department so that you can acquire the relevant documentation. This documentation facilitates the entry and stay in Singapore legally. Companies that have gone against this have witnessed harsh consequences from the concerned authorities ending up in deportation. Those who have used the right procedures work confidently without run-ins with the authorities.

To register company in Singapore also requires one to partner with the relevant service provider that will ensure matters touching on the registration process are well taken care of. Choose those that have been in operation for many years since they’ve the experience to tackle your issues with great ease. Such providers can give you a professional advice on the “do’s and donts”. So be sure to check them out when you decide to start your business in Singapore. Getting access to the above mentioned providers will enlighten you and give you information on Singapore as far as registration in concerned.

Fire Safety Signs

The term Fire safety signs is used specifically to describe red and white signs showing the location of fire safety equipment. The umbrella term refers to all signs relating to fire safety. This article will explain the meaning and uses of other signs which are used to enforce fire safety. Official Site

Fire exit signs – Usually green with white writing / pictogram. These direct staff or members of the public to the quickest and safest route of escape from a fire or emergency. This page

Fire door signs – Usually in a self adhesive finish, these signs instruct the operator on the use of the fire door and may state to keep clear, keep shut, keep locked, or push bar to open. There are many variations on this sign but you will most often see a blue and white square sign

Fire extinguisher ID signs – Placed above fire extinguishers to tell the operator how to safely use the extinguisher and what not to use the extinguisher on.

Fire point signs – These fire safety signs inform the reader of the location of a fire point. This is a red and rectangle shaped white sign.

Fire action signs – Are used to inform the reader of what to do in the event of an emergency evacuation. This may include how to raise the alarm, the phone number of the local fire brigade and the designated evacuation point.

Fire alarm call point signs – Inform the reader of the location of the buildings fire alarm.

Assembly point – This sign is used to mark the meeting point used in an emergency evacuation or fire drill. The meeting point should be outdoors and away from the building. All staff members should know where this is.

No smoking signs – Used to comply with no smoking regulations and also aid fire prevention.

The above section has intended to show a selection of the wide range of fire safety signs available to safeguard your business premises, staff and customers from the risks of fire, and to help you comply with current health and safety legislation.

Why Many Dentists Are Going Into Cosmetic Dentistry

Cosmetic dentistry is incontestably one of the hottest specialties in dentistry at the moment. Most of the young dentists graduating from schools of dentistry are finding themselves greatly drawn to cosmetic dentistry, when considering specialties to go into. Even for those who don’t eventually end up in cosmetic dentistry, it usually at least one of the things they seriously consider. All this, of course, begs the question, to the critical thinker, as to why so many dentists are going into cosmetic dentistry. this website

You don’t have to look very far for answers to the question as to why so many dentists are going into cosmetic dentistry. click site

For one, if we are to be honest with ourselves, cosmetic-dentistry is one of the fields where the money really is. Nobody wants to get into a specialty where they will face real challenges getting ‘their daily bread’ – the interests of medicine notwithstanding. The economic allure of cosmetic dentistry is attributable to the great demand for the services the specialty offers today’s ‘image obsessed’ person. As we all know, from elementary economics is that when the services of a particular specialist rises, their pay rates are likely to go up too. Even where the pay rate does not increase in terms of margins charged, opportunity exists to make up in volumes: there are simply too many people looking for the services of the cosmetic dentist.

Second is the fact that cosmetic-dentistry is one of the fields in dentistry which gives one the opportunity to indulge their creative side. Dentistry, as indeed all fields of medicine, is a rather scientific field – and it is only in a few sub-fields, an instance of which is cosmetic dentistry, that a practitioner who is artistically inclined gets a way of practicing that artistry in bringing an end to human suffering. This is important for many aspiring dentists who find themselves torn between going for an artistic career or going for a scientific career, before finally opting for dentistry. In cosmetic dentistry, where dentistry meets art, these guys find a good compromise, where they can practice the artistry they forewent in favor of a scientific career.

Third is the fact that cosmetic-dentistry is one of the fields in medicine where a person gets an opportunity to truly and profoundly impact on their patients’ lives. Let’s face it: we are living in an extremely image-conscious society, where a person’s happiness (and to some extent, success) depends to a very large extent on their looks. People who happen to have the sorts of woes addressed by cosmetic-dentistry: from ‘colored’ teeth to misaligned teeth, are at a major disadvantage in many competing platforms. Many become extremely unhappy. With the help of a cosmetic dentist, of course, these people’s happiness can quite easily be restored. So we end up with a situation where a dental practitioner who thrives on restoring a smile to a person who had lost it can find the perfect (and rather literal) opportunity to do just that, in cosmetic dentistry. Hence the popularity of cosmetic dentistry among dental practitioners who want to impact where it matters most, and where results (to the patient) are often very immediate.

Professional House Painters Can Add Value to Your Home

A bad paint job on a beautiful home can actually decrease the value of your home. But, when the same paint is applied by professional house painters, your home can take on a whole new persona – and increase it tenfold in value. Community Painting Pals

Professional painters will spend the time needed to prepare your home – either inside or out – before the paint is applied, and many house painting companies offer added services such as carpentry, caulking, drywall repair and staining.

If decorating isn’t your forte’ and you’re not sure which colors to choose for your home, many professional painting companies offer design consulting. This one service can save you tons of money and time. It ensures that you don’t have to repeat the job because you can’t stand the color of paint you chose.

Adding value to your home means that you must have high quality paint and that it must be applied by painters who offer high quality services. If you’re on a restricted budget, most painting contractors will work closely with you to give you the quality you desire at a price you can afford.

So, don’t let finances hold you back from acquiring professional painters to paint your home. It’s better to go slowly and have the job done properly rather than quickly slap a coat of paint on and have it peel and deteriorate later.

Before you choose a company to paint your home, find out all you can about them. An online search can reveal many companies near your home and most times you can see at a glance what types of services they offer.

The next step will be the interview process. Any good paint contractor should be able and ready to answer all your questions and to also provide references. You should have your questions ready and they should include:

• Does the house painting company offer a free estimate?
• What types of services do they offer (for example, patching holes, power washing and carpentry work)?
• What type of paint do they use? If you live in an area of extreme weather conditions, this is especially important.
• Do they remove all trim and exterior items such as gutters before painting?
• How soon can they begin the job and when would they finish?

You get the idea. Write down a list of questions and make sure you get answers before choosing a company to paint your home.

Painting your home is always a good investment and will definitely increase the value of your home if done right. Always choose professional house painters to ensure that you get the ones who will give you the most value for your home and money.

5 Reasons Why You Should Establish an Offshore Company

Offshore companies or International Business Companies (also known as IBCs) are ‘distinct legal entities’ – what this means is that they can be treated to all intents and purposes like an individual. More Info

This means they can do business and be taxed for example, in fact they can do pretty much everything apart from have feelings or be loved! this site

But what’s the point of an offshore company?

Well, residents of high tax countries such as America of the United Kingdom for example can sometimes use an offshore company structure and route their income or profits through it to reduce their own personal taxation for example.

The reason the company is established in an ‘offshore’ jurisdiction is because such locations are low or no tax, and as long as the company in question does not enter into any business in the jurisdiction it is located in, it can avoid most or even all forms of local taxation.

There are actually five main reasons why you should establish an offshore company.

1) To Reduce Tax

An offshore company can structured in such a way and be used to reduce or even negate an individual or business’s taxation burden. It depends on the nation you are tax resident in and the way an offshore company is structured as to how well you can legally work your tax situation, but tax reduction is the number one reason for establishing an offshore company.

Offshore incorporation service providers can look at an individual’s set of circumstances and advise best how and where to structure an offshore company for maximum benefit and gain.

2) Simplification of Company Operation

Depending on the type of business you will be doing through your offshore company and the jurisdiction you favour for incorporation, the burden of everything from account auditing and the filing of records etc., is likely to be significantly reduced which reduces overheads and it also reduces the amount of time and energy one would usually invest in such tiresome activities.

3) Reduced Reporting Requirements

Not only can you simplify your overall operations structure through the use of an offshore company, there are often far less requirement to file information relating to those involved with the company together with the company’s financial arrangements etc.

4) Asset Protection

An offshore company can be used together with an offshore trust for example to enable an individual to protect their assets whilst retaining a certain degree of control over the way their affairs are managed. For example, by placing certain assets within an offshore company structure and then placing the shares of the company within a trust, a businessperson can be actively involved in the offshore company and direct the management of their assets whilst remaining one step removed from them thus gaining maximum asset protection advantage.

5) Increased Confidentiality and Anonymity

Finally, it is possible to establish an offshore company and use nominee directors for example and it is certainly possible to keep the names and details of the underlying principal of the company out of key public documentation thus ensuring maximum confidentiality and anonymity are achieved.

In conclusion, there are many valid reasons for the use of an offshore company structure – please note however that not everyone’s circumstances mean they can benefit from one and what’s more, it is imperative to take professional advice before incorporation to ensure your actions are legal and the jurisdiction you have chosen is well regulated and respected.

Finding a Suitable Company to Handle Offshore Company Formation

Currently, offshore company formation in the UK can help you save up to 20 billion pounds in taxes. This is causing a vast majority of individuals to opt for this kind of arrangement since it gives them the opportunity to save a substantial amount by investing in risk free countries. It is ideal to note that most of these arrangements come with trusts further making them enticing. mossoffshore

For this reason, if you want to escape the high rate of taxes, it is time to consider hiring a UK company that is able to help you set up this arrangement and make higher returns in a safer manner. There are factors that you have to consider before you hire these services. In the first instance, you have to establish that the people you hire are able to safely and lawfully siphon the profits and capital made from your businesses into accounts that are not taxable.

The second thing they should be able to do is help you achieve this end though you might have a bad credit score. This is for the simple reason that this will shield you away from having to deal with regulations that govern the business arena in the United Kingdom and the bureaucracy that accompanies the same. To top it all, they should also give you a versatile package that makes it easy for you to evade paying taxes on your inheritance and this should also cover future generations that come after you.

For people who are worried about the legal implications then this should not be an issue since these companies take all the necessary measures to ensure that all the legal aspects are factored in properly.

Offshore Company Formation – Why Should You Go?

Usually people get some negative mindset about forming an offshore company that people try to incorporate an offshore business to hide some shady deals but it is relatively not valid as offshore business serves some world’s best advantages that an onshore company can never give.

If you seriously have some adequate amount of money as balance then it can work as financial benefit to start up a new offshore company that can protect your assets. An offshore company proves as a company that is registered or authorized in a country other than the country or region where it proves the maximum of its expansion in business. While there are many justified reasons that favor an offshore company formation including tax savings, fewer amount of fees, anonymity, asset protection and many more.

While some other extra-ordinary advantages of forming an offshore company is the capability to trade and deal internationally, financial confidentially, simple operation and reporting, land ownership in an abroad country, increasing monetary flexibility and solitude. You will observe and discover that offshore companies offer indeed a high profile and satisfaction of asset protection than setting up your company in UK or US. Majority of abroad or offshore regions will definitely allow you to form an offshore company in such a way that earnings & income are fully fortified from all future responsibility.

Offshore business formation also allows you the business confidentiality and privacy that an onshore business can never offer. For e.g. in authorities such as Panama a person can incorporate an offshore company without using their real name, yeah real name! This can provide a height of anonymity that is not possible in business strategies of UK or USA. This type of Legal Corporation is identified as an anonymous or mysterious bearer share corporation. Panama offers some bank secrecy laws that are not enforced anywhere else in world.

In order to conclude that an offshore business would benefit you or not, it is necessary to establish the authority most favorable for you. It always comes to the gate of an expert suggestion when thinking about planning a new offshore business.

Preparation Steps For House Painters

When you begin the steps of painting the outside portion of your house, there are some tricky things you must do yourself, if you decide not to hire house painters. The first step that you have to take prior to painting your house’s external side is to prepare all the surfaces, which are to be painted. Here are a few easy guidelines and tips that will help you out with your task at hand.

Since you did not attain the services of professional house painters, you have to thoroughly and carefully inspect the outside portion of your home, in order to avoid further damage. Be your own house painter and search for signs of peeling, blistering and/or chalking. You’ll notice water damage if there is any rotting or discolored area. In addition, look for signs of mold and mildew, as these too are important to take care of. Make sure you take the proper steps to keep away from damages. Keep in mind that since you didn’t seek a professional exterior house painter, you need to spend a lot of time and effort on this said project.

Before you start, you’re going to have to ‘pressure wash’ the house, in order to remove all dirt particles. It’s important that the surface is clean and normally, after you complete this step; you may start making repairs. If damage is noticeable, make sure you fix them as soon as you can; however, a majority of damages are noticeable afterwards. Once you finish these two steps, go to the next steps which are scraping and sanding.

After the scraping and sanding process, apply a high quality primer to the areas you’re going to paint. As you go through this, you may find spots with chalk stains and potential leaks can occur. One particular area to pay attention to is around the windows and doors. Moreover, you may go on and cover the spots which you don’t plan on painting. See to it that this is done properly; otherwise it can affect the quality of your paint job.

Remember that if you decide to hire professional house painters and think it’s a better option; ensure that the steps for preparing and repairing your home are all included in the contract proposal. This way you will not have to find a contractor to repair any damage done. If house painters are aware of the specific repairs needed, they are able to figure out whether or not they need a building permit.

As you can see, if all the proper steps are taken, then you’ll have a beautifully painted place to come home to.

Things You Need To Enquire From Your House Painter

Although doing a painting job yourself, seems like an economically reasonable task, it is any day better that you hired a professional for the task. The advantage of hiring a professional painter is not just to save your time, but also to get a good work done. To ensure that the painting in your house is long lasting, a professional house painter is your best bet. In fact in case you did the painting yourself, you can actually be sure that you would have to repeat the task much more frequently. This way, you would not really be effectively saving money in case you did the task yourself. Yet, how do you ensure that you are hiring the right painters?

For that you would have some basic questions. Arrange for appointments with your prospective house painters. Keep a good amount of time set aside for the task. The first important task is to establish a good rapport. Unless you have a good understanding with your painter, you can never depend upon the kind of outcome. Ask the painter how does he propose to prepare the surface? Ensure that your painter is involving a full format of washing, scrapping and sanding. In case your house is a newly constructed one with a bare surface, you would need to ask about the treatment your painter would use before that. The treatment needed in this case, is priming.

Let your painter look around and ask him, which areas he plans to caulk. In fact most of the bad painting jobs are due to improper caulking. Ensure that your painter is doing that well. Ensure that the painter is adept at repair works as well. Also ensure that the kind of materials that are being used by the painter is of high quality. Obviously, you will not have to go for the most expensive materials, but the ones which are too cheap are not desirable as well. Ask these preliminary questions and do your research well, you can be sure that your choice will not be bad.