Business Friendly Singapore, Says Singapore Company setup Specialists

PR Log (Press Release) – Oct 13, 2008 – Singapore leads the global rankings on the overall regulatory ease of doing business for a third consecutive year. New Zealand is runner-up, and the United States third. Bahrain and Mauritius join the ranks of the top 25 this year. Singapore ranked first on international trade and employment, and second on investor protection and closing a business. Doing Business 2009—the sixth in a series of annual reports published by IFC and the World Bank was released early in September. Among other Asian nations, Hong Kong ranked 5th, Japan 11th, Thailand 18th, South Korea 23rd and Malaysia 25th. China ranked 93rd.
Doing Business ranks 181 economies on the overall ease of doing business.

The Doing Business project is based on the efforts of more than 6,700 local experts—business consultants, lawyers, accountants, and government officials—and leading academics around the world who provided methodological support and review. Doing Business ranks economies based on 10 indicators of business regulation that record the time and cost to meet government requirements in starting and operating a business, trading across borders, paying taxes, and closing a business. The rankings do not reflect such areas as macroeconomic policy, quality of infrastructure, currency volatility, investor perceptions, or crime rates.

Commenting on the recent accomplishment of the Republic, Ms. Ragini Dhanvantray CEO of Rikvin Consultancy says “ Pro – Business regulatory reform is part of the agenda of all progressive economies of the world, Singapore as an industrialized and genuinely pro enterprise economy leaves no stone unturned to ensure that the regulatory regime is relevant, easy and time saving. Along with its genuinely open policy towards business, the stable political environment, harmonious social setup and a highly competent workforce makes Singapore an ideal choice for enterprises targeting the Asian market.

The government relentlessly reviews and adapts its policies governing the regulatory environments in tandem with the developments, thus in Singapore a new company can be setup within 24 hours and for a paid capital as low as S$1. The government is constantly pursuing its endeavors to sustain the competitiveness by controlling cost and attracting competent talent.

Rikvin consultancy provides highly professional company incorporation services, both in attractive standard packages as well as customized services. Online incorporation being a hallmark service, other services of Rikvin include

•   Offshore Incorporation
•   Singapore Immigration -EntrePass / Employment Pass
•   GST Registration
•   Accounting Services
•   Tax Planning & Consulting
•   Business Plan Drafting

For further information visit http://www.rikvin.com