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Singapore Offshore Company

 

Singapore Offshore Company

 

Singapore Offshore Company

Singapore Offshore Company

  • Singapore Offshore CompanySingapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia. It lies off the southern tip of the Malay Peninsula and is 137 kilometres (85 mi) north of the equator. The country’s territory consists of the lozenge-shaped main island, commonly referred to as Singapore Island in English and Pulau Ujong in Malay, and more than 60 significantly smaller islets. The country’s territory has consistently expanded through land reclamation.

    Singapore is one of the world’s major commercial hubs, with the fourth-biggest financial centre and one of the five busiest ports. Its globalised and diversified economy depends heavily on trade, especially manufacturing, which represented 26 percent of Singapore’s GDP in 2005. In terms of purchasing power parity, Singapore has the third-highest per capita income in the world but one of the world’s highest income inequalities. It places highly in international rankings with regard to education, healthcare, and economic competitiveness. Approximately 5.4 million people live in Singapore (June 2013), of which approximately two million are foreign-born.

    One of the five founding members of the Association of South East Asian Nations (ASEAN), Singapore is also the host of the Asia-Pacific Economic Cooperation (APEC) Secretariat, and a member of the East Asia Summit, the Non-Aligned Movement, and the Commonwealth. Singapore’s rapid development has given it significant influence in global affairs, leading some analysts to identify it as a middle power.
    – Source Wikipedia -.

  • Singapore Offshore CompanyToday, Singapore has a highly developed market economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea, and Taiwan, Singapore is one of the original Four Asian Tigers. The Singaporean economy is known as one of the freest,most innovative,most competitive, and most business-friendly.The 2013 Index of Economic Freedom ranks Singapore as the second freest economy in the world, behind Hong Kong. According to the Corruption Perceptions Index, Singapore is consistently ranked as one of the least corrupt countries in the world, along with New Zealand and the Scandinavian countries.

    The country is currently the only Asian country to receive AAA credit ratings from all three major credit rating agencies. Singapore attracts a large amount of foreign investment as a result of its location, corruption-free environment, skilled workforce, low tax rates and advanced infrastructure. There are more than 7,000 multinational corporations from the United States, Japan, and Europe in Singapore. There are also approximately 1,500 companies from China and a similar number from India. Foreign firms are found in almost all sectors of the country’s economy.

    In recent years, the country has been identified as an increasingly popular tax haven for the wealthy due to the low tax rate on personal income and tax exemptions on foreign-based income and capital gains.

    .-Source Wikipedia-

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Singapore Offshore Company | Singapore Tax report
 
 

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Singapore Offshore Company

 

 

 

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Singapore Key Company Features
General
Company type Resident/Non-Resident Private Limited Company (PTE LTD)
Type of Law Common Law
Requirement for registered office and address Required
Name restrictions Names of existing firms,or names similar enought to
cause confusion and also names deemed by the
Registrar considered to be inappropriate or offensive.
Names requiring prior consent Bank, financial institution, insurance, fund management,
university, chamber of commerce and other similar names.
Language of name Can be in any language as long as Latin alphabet is used
and accompanied by certified English translation where
appropriate to ensure compliance.
Allowable suffixes Private Limited or Pte Ltd for privately held companies.
Corporate Taxation Zero on profits derived from income outside of Singapore.
For domestic profits, click on our Singapore Tax report above.
Corporate legislation environment All Singapore registered companies are regulated under the
Singapore Companies act of 1963.
Language of legislation and official documentation English
Restrictions on Trading Generally, no restrictions apply, except for the cases of
financial services, education, media related or other
politically sensitive political activities.
Confidentiality There is no disclosure of beneficial ownership to authorities.
Stability Stable juristiction with solid reputation
Formation Time 6-11 days
Bearer Shares Bearer shares are not permitted
Timezone GMT +8
Share capital requirements
Official currency SG$
Permitted currencies Any
Share capital requirement 1SG$
Directors
Minimum Directors 1
Requirement for local administrator or Director Yes (1). We can assist in Nominee Director.
Location of meetings and General Assembly Anywhere
Shareholders
Minimum number of shareholder/s 1 (can be physical person or company/corporation)
Public records access requirements Yes
Company Secretary
Requirement Yes
Local or licensed requirement Yes
Statutory Accounts Requirements
Accounting/Reporting requirements Yes
Annual Tax returns Yes (with certain exceptions)
Requirements for Audit Yes (with certain exceptions)
Public Accesability of Accounts No
Incorporation Procedure and Documentation
A certified passport copy (or identity card), as well as proof of domicile (ie utility bill) dated less than three months.Note: It is possible to represent you with a confidential mandate.Click on the below link to be redirected.