Set up a Biotechnology Company with Rikvin Consultancy

Ms. Amy Sanson, General Manager of Stemedica Asia, shares her experience of setting up a Singapore subsidiary and applying for a Singapore Employment Pass with Singapore company registration specialists Rikvin.

Tell us more about Stemedica Asia.

Stemedica Asia is a subsidiary of Stemedica, a leading biotechnology company committed to developing and manufacturing US cGMP (Current Good Manufacturing Practices) grade allogeneic adult stem cell products.

Our products are made for medical institutions and pharmaceutical companies developing drugs for severe conditions such as spinal cord injury, central nerve system damage, and stroke and diabetic retinopathy.

Stemedica is headquartered in San Diego, California and has manufaturing facilities in Lausanne, Switzerland and Seoul, Korea.

Why did you establish your Asian presence in Singapore?

Stemedica Asia was established in Singapore to serve all of the Asian market needs. We chose Singapore out of all Asian cities for its strategic location and transparent business processes. In addition, the business practices in Singapore can easily be coordinated with the US audit needs.

What are your goals in Asia?

Stemedica Asia would like to set up a distribution and marketing center for Asia. Our cell products are manufactured under the strictest US FDA guidelines and the facility and standard operating procedures go through yearly audit in the United States. Hence, bringing those final products to Singapore and marketing them for distribution across Asia is

the first step. In addition, we would like to work with the local scientific resources to set up a cell and cell product distribution center.

What was your experience of Rikvin?

One of my business partners recommended after finding Rikvin in Google. He already had a legal counsel who could’ve helped me with the incorporation of Stemedica Asia but as I was in the United States, he recommended that it would be best to work with the company that has a very strong presence online as well as offline.

I was pleasantly surprised that Rikvin, without failure, answered all my queries promptly regardless of how insignificant my question was.

Also they provided a contact person for me was utilizing all his internal staff thus it felt like I had several different expert teams were assisting me but because my contact person at Rikvin excellently managed and oversaw all communications so I was not lost among several Rikvin staff that were helping me with different matters.

I was very satisfied with the service and the speed and ease of working with Rikvin. Eventually, I recommended Rikvin to a partner and he ended up using Rikvin for his business needs for its online presence and reasonable pricing.

ABOUT RIKVIN

Rikvin is a Singapore-based consultancy that offers business solutions for both local and foreign professionals, investors and entrepreneurs. Rikvin’s areas of expertise include Singapore company registration, incorporation, offshore company setup, accounting, taxation and other related corporate services. Rikvin also provides Singapore work visa and immigration services for foreign professionals wishing to relocate to Singapore.

Rikvin Pte Ltd 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 (65) 6438 8887 http://www.rikvin.com/