Setting up Singapore as an offshore company – A preferred choice as an offshore company and a Gateway to Asia
Reasons for using Singapore Singapore is a city state located at the southern tip of the Malaysian Peninsular with a population of approximately 5.6 million and Singapore Government has projected to have 6.9 million populations in next two decades.
Once a British colony, Singapore still retains close links with the British Crown, Common Wealth Countries and enjoys a legal system based on that of the English common law. English remains the main language of administration and commerce.
Its work force is well educated and hard working with a high level of expertise consisting of both local and foreign employees. Singapore is one of the leading international financial centres in the region with most of the major banks present along with numerous financial institutions, investment management companies and accounting and legal firms, which provides high standard of incorporation and business support services.
The World Bank’s ‘Doing Business 2010’ study has also recently concluded that Singapore is the best country in which to run a business. Incorporating a company in Singapore can provide a tax efficient corporate structure in order to conduct international business. Singapore is seen as a respectable jurisdiction with a sophisticated banking and trading centre.
Singapore is regarded as a major centre for business, transportation hub and trade within South East Asia region and has a highly regarded international reputation and not traditionally perceived as an offshore haven. Singapore is on the OECD White List, this identifies Singapore as a transparent offshore jurisdiction.
By keeping corporate tax rates competitive, Singapore continues to attract a good share of foreign investment.
Singapore provides the following advantages:
For more detail refer to Why Singapore
Singapore a preferred choice as an offshore location for the following purpose:
The above is for general information only. For detailed information, kindly seek professional tax advice in order to understand the preferred / beneficial structure and available tax incentives.
Our tax consultants will be happy to have enquiries from those wanting to set up companies in Singapore and seeking tax advice. You need to provide our consultants proposed business structure, brief write up of your business model and objectives to us for our tax consultants understanding and assessments. Once they have made the assessments, a quotation for the tax advice will be provided for your review and approval.
Know your client policy
The following documents are required in order to fulfill our Know Your Client (KYC) obligations:
We can provide you all the related and relevant services (including those listed below) to set up and operate your company – do refer to our incorporation services and fees for more information.