Singapore Economy Grew 18%, Leaving Behind Other Giant Economies

Top Quote Singapore's economy grew by 18.1% in the first half of 2010, leaving behind other giant economies such as Brazil, India, and China. End Quote
  • (1888PressRelease) November 04, 2010 - In the first half of 2010, Singapore's economy grew by 18.1%, leaving behind other giant economies such as Brazil, India, and China. In the recent survey conducted by a global investment magnate Goldman Sachs, Singapore's GDP in 2010 is set to soar by 16.5% from its previous estimate of 12%.

    In 2010 report released by Ease of Doing Business, a project of the World Bank and which has the objective of providing objective measures of regulating business, Singapore ranks 4th among 183 economies in terms of business investments.

    For foreign investors who wish to start doing business in Singapore, a company registration is required. They can choose the type of Singapore business registration firm they wish to engage.

    Foreign individuals are allowed to register their company as Sole Proprietorship, Partnership, Limited Liability Partnership, and Limited Partnership.

    The requirements set by the authorities are straightforward. Among them are ensuring that a business name is unique, a business address is obtained, and in case the Sole Proprietor or General Partner does not hold ordinary residence in Singapore, there should be a Local Manager or Resident Director appointed who acts as the head of the enterprise in Singapore.

    Nevertheless, to be eligible for an appointment of Local Manager or Resident Director for a business company, an Entrepass, Employment Pass, or Dependent Pass is required.

    Registering a company in Singapore can be done in the absence of the business investor, except, in matters relating to opening corporate bank accounts and which can be facilitated by another company, which nature is to provide business solutions to entrepreneurs both from local or foreign territories.

    About the Publisher:

    Rikvin is the leading Singapore Company Registration Specialist and has successfully helped thousands of foreign entrepreneur start a Singapore Company. The firm provides a complete corporate solution under one roof for Singapore subsidiary registration of private limited companies with the opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in 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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