To setup up a thriving Singapore offshore company, one of things you should take into consideration is the possible implications of the type of Singapore company structure you choose to incorporate. There are many grounds for incorporating one corporate form over the other, but your decision should be influenced by your long term objectives such as if you plan to expand, hire staff or work alone, because the type of Singapore company you incorporate will affect how effectively you achieve these objectives. Also, you always can look at Nevis IBC as an alternative. Why Singapore? The business world’s attention has been focused on Singapore as an emerging market in light of the shift in economic preeminence from western economies to China, Brazil, Russia and the Middle East. In spite of certain world leaders’ efforts to control new trends which arise with emerging industries and economic clusters, the enthusiasm of international and offshore companies to setup shop in Singapore or to affiliate themselves directly or indirectly with Singapore is irrepressible. A Singapore offshore company represents endless opportunities, tax minimization and more profits.

What should you do before incorporating a Singapore offshore company? One of the first strides towards setting up a Singapore offshore company is seeking advice from a financial and legal advisor on business and tax matters regarding international and double taxation, tax credits, legal corporate and trade documents, licensing requirements, accounting methods for bolstering business potential and overseas outsourcing. These topics are relevant to a Singapore offshore company as they will assist in making informed financial and geographical decisions, applying strategies tailored to suit the type of corporate structure used as an offshore company and knowing specific laws pertaining to the company’s management, operations, powers and restrictions. The laws of the country where you operate as well as your financial and personal circumstances should be taken to account as these serve as time indicators for incorporating a Singapore company.

Traveling to Singapore to incorporate a Singapore company? Visa restrictions are not placed on foreigners traveling to Singapore for the purpose of registering a Singapore company. But if you are thinking of relocating to Singapore in order to run the business, an Employment Pass or Entrepreneur Pass must be obtained. You can be a resident and local director of the Singapore company in spite of your status as a foreigner. To speed up relocation, you are advised to first contact a professional firm authorized to register Singapore companies and once the process is complete, you can take the necessary action required for moving to Singapore. Our second citizenship application processing service is a great alternative to accessing business and new possibilities such as wider real estate options. To learn about the due diligence procedures involved, as well as eligibility requirements for applying, simply get in touch with us. Additional information on applicant categories which break down contribution amounts is also available. A reasonable agent fee is applied for processing and legal procedures undertaken by the agent on the client’s behalf.

Incorporating a Singapore company online? There is no requirement to travel to Singapore to setup a company or to go through the formalities for relocating. You may also appoint a nominee director to run the company until your arrival in Singapore, at which time directorship of the Singapore company can be transferred through the relevant legal proceedings and documentation.

Complex offshore jurisdiction? Singapore scores very highly for easy company formation procedures and a friendly business environment. You will only be required to present the name you have chosen for the company, the particulars of the company secretary, directors and shareholders, the company’s Memorandum and Articles of Association and a brief business description. As a non-resident, you are to hand in a valid copy of your passport, bank reference letter, proof of address and business profile when registering the company in Singapore. In the event that the beneficial owner of the Singapore company is a corporate entity, a copy of that company’s certificate of incorporation and memorandum and articles must be submitted to the registration firm in Singapore.