Foreign investors can set up various types of companies in Singapore, which is why the Lion City is one of the most attractive countries in the world in terms of doing business. One of these types of companies available for registration in Singapore is the offshore company.
A Singapore offshore company is a company registered with the Accounting and Corporate Regulatory Authority but carrying out its operations outside the city-state. One of the advantages of the offshore company is that it can benefit from various tax exemptions in Singapore. Our company formation agents in Singapore can offer more information on the uses and the advantages of setting up this type of company here.
An investor seeking to open a Singapore company can choose the offshore entity which can bring several tax benefits, among which:
The offshore company can also profit from additional tax benefits if it carries out no banking activities in Singapore and if the company is controlled from outside the city-state. The main type of structure used for the Singapore company formation process of the offshore entity is the limited liability company.
Among the uses of an offshore company in Singapore is also investment. Foreign investors can use their Singapore-based offshore companies as:
One of the most interesting uses of the offshore company is the intellectual property holding which is a very suitable option for investors based in countries with which Singapore has double taxation agreements.
High net worth individuals can also set up offshore companies in Singapore with the purpose of gathering foreign-owned assets in it. The trust is the most appropriate type of structure in this case.
The offshore company is a good option for many foreign investors seeking to establish businesses in the city-state, so we invite you to contact our Singapore company formation specialists for more interesting uses for this type of company. You can also rely on our company formation consultants if you want to open other types of companies in Singapore.