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Singapore film company mm2 Asia sets its sights on the region

SINGAPORE: Singapore film production company mm2 Asia is pushing hard to become a bigger player in Asia, starting with an investment of US$ 12.9 million (S$ 18 million) in nine movies from Singaporean, Hong Kong, Malaysian and Taiwanese filmmakers covering a range of genres.

The titles include the fourth instalment of Singaporean director Jack Neo’s popular Ah Boys To Men franchise and Wonder Boy, the biopic and directorial debut of prominent Singaporean musician Dick Lee starring The Sam Willows’ Benjamin Kheng. Hsieh Chun Yi’s Taiwan romantic drama Take Me To The Moon starring Vivian Sung is also in the pipeline.

Mr Melvin Ang, mm2 Asia’s executive chairman and CEO, told Channel NewsAsia that the company sees “huge opportunities” in Chinese speaking markets around the region.

“Given our small market environment, we have to step up efforts in developing projects that can work in all these markets,” he said. “With this strategy, ‘produced and developed by Singapore talent’ is equally important as compared to ‘produced in Singapore’. This will clearly make our presence stronger as a regional producer in the coming years.”

The development of Singapore cinema is still important to the company, which is headquartered here.

But the company’s further expansion into the region does not mean that it will be holding back on making homegrown films. In fact, mm2 is committed to producing more local movies along with their regional projects, said Mr Ang.

“As of today, in our current slate of projects, mm2 has more than 10 new Singapore movie titles in the pipeline over the next 18 months,” he revealed. “Being present in all the Chinese markets in Asia, mm2 is confident that Singapore talents, given the right opportunities and support, will stand an equal chance to produce quality films that can travel beyond our shores.”

He continued: “We have to identify homegrown talents, particularly in the area of scriptwriters, directors and production talent pool who have the capabilities to develop and execute projects for the growing regional markets. For example, successful Singapore scripts and movies can be adapted or remade in Hong Kong, Taiwan or China.”

When mm2’s extensive slate was unveiled at the Hong Kong Film Mart earlier this month, Ha Yu, veteran Hong Kong actor and executive director of mm2 Hong Kong, said that while the projects were considerably smaller than the usual big budget Chinese co-productions, the mainland audience is still seen as one of mm2’s targets.

The focus with this slate, according to mm2 Asia’s chief content officer Ng Say Yong, is about developing new talent, particularly new directors, and exposing them to work in the region. “Leveraging on our multi-market presence, we welcome companies or individuals looking for collaborative opportunities to identify projects and co-produce content that is compelling and relevant.”

The company has been on an upward trajectory ever since it was listed on the Singapore stock exchange market two years ago – the first movie production company to do so – and has diversified from its roots in film production and financing.

Amongst other moves, it acquired a 51 per cent stake in Singapore 3D animation company Vividthree Productions, procured the exclusive rights to produce and broadcast a Singapore/Malaysia edition of the The Voice from Talpa Global, established its own cinema chain, mmCineplexes, through the ownership of five multiplexes in Malaysia, and most recently announced the proposed purchase of another 13 multiplexes in Malaysia from Lotus Fivestar Cinemas.

The company is best known for being behind Singapore’s most successful franchise – Ah Boys To Men – that generated a combined local box office of more than S$ 22 million from the first three films.

The franchise director Neo told Channel NewsAsia that the fourth instalment will commence filming in June and that it will definitely be released this year. 

“Because 2017 is the 50th anniversary of Singapore’s National Service,” he explained. “This one is going to be about reservists. It’s something most of us have or had to do so many people will relate to this storyline.

“And I’ve also decided to focus on the Armour unit, like all the tanks and artillery. People always gets excited during National Day every year when they see the Armour unit on display.”

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Channel NewsAsia Singapore News

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McDonald's set to sell Singapore, Malaysian franchise to Saudi company: Sources

HONG KONG/SINGAPORE: McDonald’s Corp is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia’s Reza group, in a transaction estimated at up to US$ 400 million, people familiar with the matter said.

Reza Food Services Co. Ltd, which owns and operates McDonald’s restaurants in the western and southern region of Saudi Arabia, has tapped Malaysian bank CIMB to finance the deal, said two of the sources, who declined to be identified as the deal has not been publicly announced.

CIMB declined to comment, while there was no immediate response from McDonald’s. Reuters was not immediately able to reach Reza for a comment.

The deal was expected to be completed by the end of the year, one person familiar with the transaction said.

McDonald’s has about 120 restaurants in Singapore and about 260 in Malaysia. The move is in line with the company’s reorganization of its Asian operations, bringing in partners as it switches to a less capital-intensive franchise model.

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Singapore Company Registrar Services

Do you need someone who can help you incorporate your Singapore company? Do you want to experience a trouble-free Singapore company registration? Are you looking for a trustworthy Singapore company registrar?

Good news! Today, we have the most competitive, reliable and efficient company registration specialist in Singapore. We give you RIKVIN as the answer to your questions above. You can proceed by immediately contacting their team (65) 6438 8887 or by visiting them in 20 Cecil St. #14-01 Equity Plaza, Singapore 049705 (Next to Republic Plaza and Raffles Place MRT).

Below are some of the services of Rikvin:

· Company registration for foreign individuals, foreign companies, Singapore residents and Offshore companies.

· Processing of work visas such as Employment Pass, Entrepreneurs Pass, Personal Employment Pass, S Pass, Training Pass and Miscellaneous Pass.

· Assistance with ACRA compliance, IRAS compliance and licenses and permits.

· Filing and processing of corporate tax, personal tax, non-residents, Goods and Services Tax, Withholding Tax and property tax.

· Accounting services including bookkeeping, Estimated Chargeable Income, eXtensible Business Reporting Language or XBR, Director’s report/audit and payroll.

· Corporate secretarial

· Nominee services

· Virtual office

More good news for local and foreign entrepreneurs! Rikvin has recently launched a new set of standard for their delivery system. A new approach is called “60 minutes” express company incorporation or company registration service. This new service further strengthens Rikvin Consultancy’s position as an “end-to-end” solutions provider in the industry.

This express service enables companies in need of urgent incorporation to have an operation-ready business, with all registration procedures completed and necessary certificates on hand, within an hour. This is made possible with a direct on-line access to ACRA’s business registration process. However, note that this new approach will only be possible if there are no delays in business name choice and processing of specific permits and licenses.

If you need further information, please do not hesitate to contact Rikvin. They will be very pleased to serve you!

“By continually delivering complete, efficient and quality pre- and post-incorporation solutions to our customers, we hope to reinforce our position as a one-stop business services and solutions provider in Singapore.” 

Rikvin provides a full spectrum of corporate services under one roof for Singapore company registration, assistance to form a Singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.

 

About Singapore Company Compliance

All businesses in Singapore are required to abide with post-registration requirements. They are obliged to comply with the statutory requirements stated in the Singapore Companies Act. They should always be operating in compliance with Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).

The following are some of the requirements for new and existing businesses in Singapore:

Financial Year End – each company in Singapore has to determine its Financial Year End (FYE). The FYE is the completion of an accounting period. A company’s financial year-end does not necessarily need to fall on December 31, and can actually fall on any day throughout the year.
Appointment of Auditors – all Singapore incorporated companies must appoint an auditor within 3 months from the date of incorporation, unless it is exempted from audit requirements
Company Registration Number Disclosure – Singapore Companies Act requires every company to have the Company registration number, known as Unique Entity Number (UEN) on all business letters, statements of account, invoices, official notices, publications, etc.
Notification of Changes – it is the company’s responsibility to update the Registrar (ACRA) of any changes in the company pertaining to the company, shareholders, share capital and officers within the stipulated time. Failure to do so will incur penalties.
Registered Office Hours – All Singapore Company must have a registered office address in Singapore and the office must be opened to public for minimum of three hours per day during normal business hours on weekdays.
Central Registration (CR) Number – If your business activities involve import and export or Tran-shipment in and out of Singapore, your company will need to register with the Singapore Customs and obtain a CR Number.
Singapore Goods and Services Tax Registration – Goods and Services Tax (GST) is a tax on the supply of goods and services in Singapore and on the import of goods into Singapore. Goods exported from Singapore and international services provided from Singapore are exempt from GST. The current GST rate is 7%.
Registration of Singapore Central Provident (CPF) & SDF – The Central Provident Fund or CPF is a compulsory pension fund scheme in which the employer and employee contribute a percentage of the monthly salary to the fund. CPF contribution by the employer is mandatory for all local employees who are Singapore citizens or permanent residents earning more than S$ 50 a month. The maximum CPF contribution rate for employer and employee is 14.5% and 20% respectively and can be lower depending on certain factors such as employee age, permanent resident status, etc.

Rikvin provides a full spectrum of corporate services under one roof for Singapore company registration, assistance to form a Singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.

Singapore Company Incorporation

If you want help with Singapore Company incorporation, you will need to seek out a professional firm that has experience with these matters. This will make your company incorporation in Singapore quick, easy and hassle-free.

Elements of incorporation

These are many aspects of company incorporation in Singapore. Depending on whether you want incorporation of a Private Limited company or a Public Limited company, the procedure will vary greatly. Sole proprietor registration is also different from limited company registration. You will need to register a company name and get it approved. You will also need nominee director Singapore registration. There are many other legalities and formalities that will need to be taken care of.

Why You Need Experts?

Typically, company incorporation in Singapore does not very long. But, if you are unaware of the exact procedures and document requirement, you will end up spending a lot of time and effort in getting these aspects correct. Considering the large number of formalities required, it could take you months to complete a procedure that would normally take just a few weeks. In the meantime, you will not actually be able to start your business and this delay is likely to cost you a lot of money. Also, you are sure to be frustrated with the process and may even consider giving up the whole idea of starting a company in Singapore. This could mean losing a very important opportunity to develop and expand your business.

Expert Help

On the other hand, if you have the assistance of professionals in Singapore company incorporation, you will find that the entire process is taken care of expertly and that there is no need for undue delay or worry. Professionals in the field will know exactly what the procedure is and what documentations are required. If your case needs any special consideration, professionals will be in the best position to guide you and help you find a solution. Although, you will surely need to pay a professional fee to the experts, company incorporation in Singapore does not very long. But, if you are unaware of the exact procedures and document requirement, you will end up spending a lot of time and effort in getting these aspects correct. Considering the large number of formalities required, it could take you months to complete a procedure that would normally take just a few weeks. In the meantime, you will not actually be able to start your business and this delay is likely to cost you a lot of money. Also, you are sure to be frustrated with the process and may even consider giving up the whole idea of starting a company in Singapore. the value of their assistance in the process of Singapore company incorporation is so great that you will find the fee negligible.

Lcc global a leading business solution provider offering services for Company Formation In Singapore, Full on professional assistance and service in incorporation, Singapore Company Incorporation and relaxation in tax, audit also.

 

Singapore Company Setup Tips

Singapore is one of the Four Asian Tigers, a group of highly-developed economies in Asia which includes Hong Kong, South Korea, Taiwan, and the Republic of Singapore. The country is also known for being the most business-friendly economy in the world. Needless to say, theyve made Singapore company registration quick and very efficient as it does not involve any unnecessary paperwork.
Local and foreign businessmen who want to start and operate a company in the country must comply with Singapores ongoing regulations on Singapore company formation. Here are some useful things to consider before seeking company registration or incorporation in the country.

1. Foreign businessmen who want to branch out and operate a company in Singapore must employ the services of a professional firm in compliance with Singapore law. The Singapore Companies Act prohibits foreign businessmen from self-registering their company.

2. A new companys name, i.e. a non-existent foreign company, must first be approved by the SCA before incorporation occurs. Name approval only takes an hour as long as it is not referred for review and approval by any external authority.

3. The prescribed person or professional firm appointed to register the company must submit the required memorandum and articles of the companys proposal and other documents to the Registrar of Companies. The Registrar provides a standard MAA (Memorandum and Articles of Association) document for such purpose.

4. Once the company name is approved, a prescribed registration fee of S$ 300 is payable to the Registrar.

5. For a company to qualify for Singapore company registration, its director must be a citizen of Singapore, permanent resident, a foreigner with an EntrePass (Entrepreneur Pass), Employment Pass, or work visa permit. Moreover, the director must be 18 years old and above to be able to start and register a company in the country.

6. A foreigner who wants to set-up a company but is not relocating to the country do not need to obtain any Singapore visa as he can appoint a local resident as the companys director. The foreign company owner or director can attend company meetings using a standard tourist or visitor visa. If the foreign director wants to manage the company himself, he must first obtain the necessary work permit, i.e. EntrePass or Employment Pass.

7. While the SCA requires only one company member upon company registration, the director/shareholder cannot act as the company secretary. The company must have a company secretary within 6 months after the companys incorporation and he/she must be a citizen or resident of Singapore.

8. The director and shareholder do not necessarily have to be two different individuals, meaning the director can also be the shareholder. Furthermore, a shareholder taking part in the company can be a person, another company or legal entity, or trust.

9. Assuming all documents are completed and approved by the Registrar of Companies, the incorporation can be done in 1-2 days.

10. After approval, the Singapore Company Registrar will send the Certificate of Incorporation through email. This same email includes the companys registration number and can be used to open a bank account in any major banks in Singapore. A hard copy is available upon request and can be collected next day in the SCRs office.
Both local and foreign businessmen are encouraged to seek the services of a professional firm who is well-acquainted with Singapore laws. A professional firm provides special services like Singapore company setup, providing a local director for foreign company owners, accounting, and legislative administration services both for the company and the shareholders.

SBS Consulting Singapore provides complete corporate solutions to small, medium firms and to local and foreign entrepreneurs. SBS Consulting offers Singapore company setup, Singapore company incorporation and professional services like accounting and bookkeeping.
For more Information about Singapore Company Registration
visit http://www.sbsgroup.com.sg

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Singapore Company Name Registration

 

One most important aspect of a business is its business name. This is the reason why businessmen devote lots of time in choosing the name for their businesses. Once you have an appropriate name for your business, the next step will be to register.  Many people know the importance of registering the business name but lack information on how the whole process should be conducted.

You first need to keep in mind that the process of registering business name varies with countries and states.  So the following will just be a guide for you to get you started.

Most states require a unique business name. A counter-check with the database will be done in order to make sure that no corporation or business has already registered your chosen name. Once your name has been verified, you may be required to deposit the business cash capital in a given bank.  After a designated period of time, the bank should give you a certificate.

Most states would have set up a commission that will deal with business name registration.  It is not difficult to  look for such commission as information about this is provided in the Internet. You shall get some legal forms from the commission before you are allowed to get different signatories to your business account.

 

One important thing to note is that if you are investing in a foreign country, the ownership is limited and there are slots in the board of directors that are preserved for the natives of the country you are registering you business in.  Before you can be allowed to register your business name, you must meet these requirements first.

After you successfully register business name, it would be time now to get your business permit.  At his stage, you may be required some fees depending on what state you are in. The type and size of business will also determine how much you will pay for the permit.  Usually, this is already the final step before you can finally and start your business.

In Singapore, it is important to choose a unique name when forming a Singapore company since Accounting and Corporate Regulatory Authority (ACRA) stipulated that no two companies registered should have the same name.

 

 

Asiabizservices is the leading Singapore Branch Office Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs manage their Singapore company name check.  Our office is located at Raffles Place, in the heart of the Singapore business district (“CBD”).  One of our invaluable services is to provide Singapore work permit and Singapore work visa for clients with specific requests. Each of these shelf companies meets all the necessary requirements and can be purchase for immediate operation. If you’re in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.


Our phones are answered during business hours by specialists and not by

an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.

 

Company Name Check in Singapore

 

Entrepreneurs, whether local or foreign, who are interested in setting up a Singapore company, must choose the right company name and domain. Online commerce is the current trend in the world so it is important that the business name and the website domain name are the same. Through your company name, your customers can find your company easily, and remember you. You must remember to make sure that your company name has a corresponding available domain name for registration. It is important that there is no existing name in Singapore that is similar to your proposed company name. The company registration authority will not register a company name that is not unique or is already in use by another company.

The number of investors and businessmen interested in incorporating a Singapore company has been growing because of the worldwide reputation of Singapore as good for business. Because of the strong economic status of the country and its continued technological development, a great number of entrepreneurs are encouraged to form a Singapore company.

Rikvin is a very reliable company incorporation firm in Singapore and it has responded to the interest of these entrepreneurs and supported their government and offered professional consultation, quality assistance, and free company name check together with a complete incorporation service.

A detailed outline has been prepared by Rikvin for its clients regarding its free company name check.

As an initial step in the incorporation process, Rikvin performs a company name check in order to ensure availability of the desired company name. In forming a Singapore company, it is important that a unique name is chosen. The Accounting and Corporate Regulatory Authority (ACRA) will not allow registration of a company name that is similar to an existing company name.

Rikvin offers free Singapore company name check and includes the following services:

Availability Check. Rikvin provides name availability and conformity service in its name check of your proposed company name/s. This is to see to it that basic rules are not violated by your proposed name.

Two name choices.  Rikvin requires submission of two proposed company names. This is to enable an alternative in case the first choice is not available.

Notification.  For initial check, you will be provided a form. A preliminary check will be conducted by Rikvin in order to look at the availability of your preferred name. An email alert will be sent to you on the same business name regarding the outcome of the name check.

Rikvin assures you of confidentiality of all information in the company name check process. If after reading all the foregoing information, you still have other concerns or inquiries, do not hesitate to consult Rikvin for immediate assistance. Rikvin is always pleased to serve you better.

 

 

Asiabizservices is the leading Singapore Branch Office Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs manage their Singapore business name check.  Our office is located at Raffles Place, in the heart of the Singapore business district (“CBD”).  If you’re in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Our phones are answered during business hours by specialists and not by

an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.

 

The Way To Setup A Retail Business In Singapore, News By Company Incorporation Specialist

In several cases putting in place a retail business in Singapore is comparatively straight forward. The nature of your retail business and therefore the space typically determine whether you’ll would like license and allow to operate. In spite of everything, you may would like to secure a premise for your retail operation first.
The premise has to be zoned for commercial use. You’re not allowed to use residential premises for any retail activities. Then, you may register your business with the Accounting and Company Regulatory Authority of Singapore (ACRA). Your business, though retail, must register as a sole proprietorship, partnership or a private limited company.
Once you have secured a retail area do build sure that it’s current on building codes and fire safety measures. If you propose to renovate the look, you’ll would like to use for a building work allow through Building and Construction Authority of Singapore (BCA). Whereas waiting for the building works approval, you will also need to get from BCA: a Certificate of Statutory Completion and a Temporary Occupation Allow before you can occupy the space. All renovation works are to be performed by certified or licensed contractors as well as architects. Nearly all retail outlets have a signage for their businesses. You may need to use for an Advertisement License from BCA to put a signage on a building.
You need not be concerned if the space is already set up for retail; otherwise, you’ll want to liaise with the landlord to convert the present space into a retail one. Oftentimes it simply requires an application for Modification of Use allow from Urban Redevelopment Authority. You’ll also need the mandatory licenses or permits if your retail business involves food, animal products, medicine and etc. The 3 main Singapore government agencies that preside many of these licenses are National Atmosphere Agency, Agri-food and Veterinary Authority and Health Sciences Authority.
You may want to get your retail merchandise from wholesalers in Singapore or you’ll import your own goods. For more information on importing merchandise, please see our article To Apply for License and Permits to Import Goods into Singapore. You’ll, after all, want employed help to help you in selling your goods. Ministry of Manpower determines, on a case-by-case basis, if you qualify to rent foreign workers. All foreign workers operating in your retail business must have valid employment passes or visas. Consequences for failure to comply with employment regulation include fines and imprisonment.
For foreigners who are curious about putting in place a retail business in Singapore, it might be helpful to hunt workplace that makes a speciality of incorporating businesses in Singapore. It is, after all, necessary to have interaction a law or an corporate services agency to include a business in Singapore with ACRA.

Gary Freeman has been writing articles online for nearly 2 years now. Not only does this author specialize in Retail Business
You can also check out her latest website about :
wholesale gift suppliersWhich reviews and lists the best
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Singapore Company Registrar

There are a lot of ways to make money in Singapore. Tourism, for example, is a growing industry, and your business can find a way to capitalize on that. There are many facets of the tourism industry which can make for a thriving business. The tourism season in a particular area is a set time of year, which makes it conducive to planning for the most expenditure during that season. Singapore, a culturally diverse country people and customs of Chinese, Malay, Indian, and Arab heritage, attracts vacationers, business people, and new residents every year. Your business can find its niche among that customer base.

If your company wishes to relocate to Singapore, can incorporate in the Singapore company registrar there and run your business operations from that location. Your company may also incorporate there even though you may not be located in Singapore. In fact, it is one of the best thing about doing business in Singapore that you can run your company operations without having to relocate.

If you choose to relocate to Singapore, you have two options. You can choose the Employment Pass option, which entrepreneurs, shareholders, professionals, and managers with higher education, degrees, or qualifying certificates often choose. Eligibility for the employment pass option may depend on the quality of the person’s education as well as professional history. If you do not have the education required for the Employment Pass, another option is to get an EntrePass. The EntrePass is available for people who have successful entrepreneurial history. The EntrePass, however, requires a minimum paid capital of $ 50,000.

If you wish to be in the Singapore company registrar without relocation to Singapore, you can use the Nominee Director Service option. With this option, your company can appoint a resident director who lives there.

There are many companies which provide incorporation services for U.S. companies whose directors wish to operate or just incorporate in Singapore. These companies offer different packages for your company. For foreign entrepreneurs, they bundle company incorporation with the Nominee Local Director, Employment Pass, and EntrePass options. For companies, they bundle subsidiary registration with the Nominee Local Director or Employment Pass. They also bundle Representative Office Registration or Subsidiary Registration with the Employment Pass, or Branch Registration with the Nominee Local Agent or Employment Pass options.

Some other companies are also there that help individuals and companies incorporate in the Singapore company registrar. They offer services much like those above, as well as a service which provides a trusted individual to act as the Nominee Local Director for your company. They also assist in getting work visas.

Most of the companies which offer these types of services for companies who wish to incorporate in the Singapore company registrar are located in Raffles Place in the Business District. Raffles Place is located at the mouth of the Singapore river in the downtown core and central area. Republic Plaza, UOB Plaza One and OUB Centre are the three tallest buildings in Raffles Place. The Singapore stock exchange, the Supreme Court, and City Hall are also located in Raffles Place.

To read more great information, please kindly visit the following website: Singapore company registrar.