Disposable incomes as well as the proportion of high net worth individuals (HNWIs) across Asia is set to increase as emerging economies grow. Rikvin anticipates a growing interest to form a Singapore company in the coming months.
(PRWEB) February 14, 2012
Global hospitality industry veteran and former Business Development Director of Pangaea and Avalon Singapore, Mr. David Chernov has launched a new strategy and management consultancy, Total Hospitality Group (THG) in Singapore.
THG is a hospitality vehicle committed to facilitating partnerships between internationally- renowned F&B, dining and entertainment names and hospitality brands in Asia Pacific. The consultancy also offers a suite of property and brand advisory services as well as turn-key solutions that manage projects from conception, design and licensing to the handover process.
Singapore, along with India and China form THG’s core markets while Thailand, Malaysia and Indonesia constitute its secondary markets. Commenting on the decision to launch its operations in Singapore, Mr. Chernov, THG’s CEO said, “THG has considered many cities around Asia Pacific but we found that the Singapore corporate tax benefits, banking safety and security of doing business in Singapore are hard to beat. I think we will be here for a very long time to come.”
Mr. Chernov brings with him over 15 years of global experience in the hospitality industry. He has led sales and marketing programs for prime hospitality brands such as Trump Las Olas Beach Resort and Marlin Bay Yacht Club. Together with partner and New York City entertainment industry veteran Alfredo Castillo, THG aims to deliver best-in-class hospitality offerings to meet the palates of a growing market of discerning clientele in Asia Pacific.
Prior to the launch of THG, Singapore company registration specialists Rikvin has assisted Mr. Chernov with the application of his Singapore work visa. “I can't say enough about Rikvin. The staff is not only extremely polite and friendly but one of the most knowledgeable as a whole. Their commitment to excellence is second to none. If you're not engaging Rikvin for corporate services, you are at a disadvantage when doing business in Singapore,” added Mr. Chernov.
Moving forward, THG plans to implement several concept and urban development projects across Southeast Asia, China and India. The consultancy will also develop the THG Investment Fund, an initiative that will provide investors with a portfolio of proprietary investment opportunities in THG’s core geographies. Two more THG offices in New York City and Mumbai are in the pipeline as well.
Satish Bakhda, Head of Rikvin’s Operations said, “Disposable incomes as well as the proportion of high net worth individuals (HNWIs) across Asia is set to increase as emerging economies grow. Rikvin anticipates a growing interest to form a Singapore company in the coming months as entrepreneurs around the world look to east to tap this emerging wealth trend and circumnavigate the current slow growth trend in the West.”
ABOUT TOTAL HOSPITALITY GROUP
Total Hospitality Group (THG) is a hospitality management and strategy consultancy committed to creating the best-in-class entertainment, dining and hotel experience in Asia Pacific. THG’s core offerings include property and brand brokerage as well as advisory and fund management services. THG strives to deliver exceptional value to its clients through the experience of its dedicated team as well as its extensive network of partners regionally.
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