While business is easiest in Singapore, the government does not let up on the accomplishment of obligations during the pre- and post-incorporation stage.

Rikvin is founded in Singapore helping foreign companies and investors in affairs in relation to enterprise, work visas, and compliance obligations.

“When it arrives to post-incorporation stage, every enterprise should open a business bank account in Singapore,” starts Rikvin.

Rikvin assists enterprises by supplying a list of banks in Singapore, along with obligations for opening, and facilities.

“A couple of documents needed are a certified copy of the company’s credentials of incorporation, a certificate copy of a memorandum and articles of association, a copy of the passport of foreign investors or proof of residence, and enterprise profile,” Rikvin adds.

The enterprise profile is issued by ACRA following the completion of business registration.

Business licenses and permits are another post-incorporation requirement.

“Before an enterprise begins functioning, it ought to get corresponding enterprise license and permit in Singapore,” explains Rikvin.

Examples of permits are for undertakings such as major renovation or construction and permit to occupy after the renovation. The place for enterprise should also be zoned for commercial utilises and the compliance to applicable codes is revised.

Other permit encompasses those protected from public utilities board for setting up of grease tricks for the restaurant kitchen.

Licenses encompass fire safety, workplace security health, and license obtained upon completion of WSQ Basic Food Hygiene Course.

“The enterprise permits and licenses are applied as essential based on the nature of operations,” says Rikvin continuing to elaborate.

The validity of the licenses varies from one year to five years depending on its kind.

Additionally, under certain situation, a company may list for GST with IRAS and become suitable to collect GST from its purchasers.

“GST registration is not obligatory to all businesses, but there are companies that are welcome to register on a voluntary basis,” chimes Rikvin.

Moreover, if a business involves an importation or exportation selling, Customs Number should be required from authorities.

Rikvin guarantees that in availing of its services, each post-incorporation requirement is fulfilled. The process for obeying with every obligation is tedious particularly the enterprise licenses and permits.

About the Publisher:

Rikvin offers business solutions for either local and foreign investors or entrepreneurs. One of its specialties is Singapore Company Incorporation. The company has successfully help hundreds of foreign individuals form a Singapore company. Rikvin has effectively facilitated both non-resident and resident financiers build business firms in Singapore. Incoming calls in our phones are answered by live persons and not by an answering machine.  We recognize the importance of your time and we are aware that technology cannot replace a person most especially, when we need to make vital business moves.

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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Website: http://www.rikvin.com/