Singapore is a city-state, located in East Asia, and consists of 64 islands. It is one of the most economically and socially developed country in the world. Thanks to its particularly advantageous maritime position, which has allowed it to become a real financial and trade hub between the Pacific and Europe, it is also called “The Switzerland of Asia” . The main advantages of Singapore company registration are the countries strategic position at the air gates of the Asiatic flow, market access, excellent compatibility, well established and structures business infrastructure, a good quality workforce and a secure political environment which are used for regional and global offshore business development.
Singapore offshore company is also often used as holding company whose purpose is to hold interests in other companies but to take control and manage property without having own business and are able to gain from the reduction in withholding taxes in dividends, interest and royalties . Furthermore, it has a wide tax treaty network and has signed tax treaties with over 50 countries.
Who and for what activities should register a Singapore company:
- International trade
- Commerce on the Internet
- For the protection of movable and immovable property
- For inheritance purposes
- Intellectual property holding rights
For more information: How to incorporate your offshore company ?
|Incorporation of the company||2|
|Delivery of original company documents||10 – 15|
|Offshore bank account opening||15 – 20|
Advantages of Singapore company registration:
- Well administered jurisdiction,
- Highly effective business infrastructure and strategic location,
- Well established business infrastructure,
- Secure political environment,
- Taxes only applicable for profit remitted in Singapore.
Disadvantages of a company in Singapore:
- Local resident director required,
- Strict compliance with deadlines.
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