The Singapore offshore company option seeing a great rise in popularity. Growing numbers of international entrepreneurs are choosing to incorporate a Singapore offshore company to give them access to highly reputable and regulated market-based economy. Important points to note regarding this option include:
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A Singapore offshore company is an is an excellent corporate vehicle to house global corporate profits, minimising international taxation. The corporate tax in Singapore is 20% of trading profits earned in Singapore. Provided international profits are not remitted into Singapore, they will not be subject to tax.
Singapore company registration is a popular option for international entrepreneurs. According to the Singapore Economic Development Board (EDB), more than 7,000 multinational companies have set up regional or global headquarters in Singapore to date.
A Singapore offshore company is incorporated via the Accounting and Regulatory Authority of Singapore (ACRA). A Singapore based corporate services firm will normally complete this on your behalf which will include company search, registration and collection of the original corporate documents.
Over 7,000 multinational companies have chosen to set up a Singapore offshore company to use as their regional or global headquarters in Singapore. Singapore is an ideal jurisdiction due to it's international reputation as a haven for economic stability.
An offshore business is an excellent corporate vehicle to house global corporate profits and minimise international taxation. Further a Singapore offshore company does not portray a tax haven image.
The process to incorporate a Singapore offshore company is regulated by the the Singapore Companies Act 1963. Requirements for incorporation of a Singapore offshore company include a Singapore resident director, a minimum of one shareholder who may be corporate or individuals and a minimum authorised share capital of S$1. .
Foreign investors continue to choose Singapore as a option for investment thanks to it's reputable international image. Inward foreign investment into Singapore in 2006 was US$24 billion which makes Singapore company registration an ideal option to gain entry into the booming economy.
The offshore company structure may be in the form of a limited liability company, representative office or branch company, sole proprietorship, limited liability partnership. The most common company structure for foreign investors is the limited liability company. In fact, in 2007, over 17,000 investors completed Singapore offshore company formation of LLCs.
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