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Singapore offshore company

Singapore is a strategic territory particularly convenient for businesses trading with the Asia-Pacific region. It boasts a favorable business environment, an advanced infrastructure and an attractive tax policy. 

 

Without a doubt, Singapore is not a classic offshore jurisdiction, However, foreign (non-residential) companies generating revenues outside Singapore pay a zero income tax which makes this country an attractive option for online casinos. 

singapore

Singapore company

register

Registering a Singapore offshore company won’t take long. To do so, you need to go through several stages:

  • choose a unique name for the company
  • register a business address on the territory of Singapore
  • appoint the company’s secretary – either a resident of Singapore or a company registered on the territory of the country

We provide professional assistance with registering offshore companies in Singapore and only require a minimal set of documents. We also help you open an offshore account in Singapore’s banks.    

 

In addition to the above, companies in Singapore need to submit information about their owners and shareholders (typically, copies of their internal or foreign passports). An offshore company registered in Singapore is required to have at least one director and one shareholder. Besides, at least one of the directors has to be a Singapore resident. If ordering a nominee service, providing information about company’s owner is mandatory. 

 

Also, a company is required to hold annual board meetings (could be arranged outside Singapore). 

 

An offshore company in Singapore has to submit annual returns and non-financial reporting. Moreover, companies are subjected to financial auditing. It must be carried out by a certified local accountant. 

Singapore company formation: pros and cons

Pros:
  • a loyal attitude towards online casinos
  • prestigious reputation guaranteed for a Singaporean company
  • a zero income tax for foreign companies
  • easy and quick company setup
Cons:
  • high maintenance costs as the local office and secretary are required
  • the need to submit financial and non-financial reporting and undergo auditing
  • some difficulties with submitting application documents as Singapore offshore jurisdiction does not recognize apostille

Registering the company in Singapore with our help won’t take you long. In about a month, you will be able to legally work in one of the world’s most prosperous countries.