Singapore offshore company registration
Singapore offshore company registration gives you access to a tax system that promotes international trade, since profits generated outside the territory are exempt from taxes. In other cases, corporate income tax is 0% for the first 100 K, 8.5% for the next 200K and 17% for the rest.
The most common type of company in Singapore is the private company limited by shares, recognisable by the suffix “Pte Ltd”. This is the equivalent of the Spanish ‘sociedad limitada’ (SL) or limited liability company.
Mundo Offshore are your international advisors for the formation of your offshore company in Singapore. We have a professional team of experts ready to establish your company in Singapore.
Singapore is a sovereign island nation of Asia, made up of sixty-three islands, and whose form of government is the parliamentary republic. Its territory is divided into five community development councils. Its capital is Singapore City, which is why Singapore is considered a city-state. Singapore lies to the south of the state of Johor in Peninsular Malaysia, and to the north of Indonesia’s Riau Islands from which it is separated by the Singapore Strait.
Singapore is the smallest country in Southeast Asia. Its territory has expanded consistently via a process of land reclamation.
Singapore, along with South Korea, Taiwan and Hong Kong, is one of the four Asian ‘dragons’, so-called as these countries have been experiencing robust economic growth since the 1980s. It has a prosperous and modern economy, characterised by an open and corruption-free environment, stable prices and one of the highest GDPs per capita in the world
USES OF AN OFFSHORE COMPANY IN SINGAPORE
A good choice for managing and collecting commissions or royalties related to intellectual property.
Companies that operate in the financial field need to obtain a license.
Singapore is one of the top countries that attract investors who want to create a payment institution and/or cryptocurrency company.
A country among the top 10 with a highly developed capital market and financial systems, to offer advantages and facilities for the creation of private investment funds.
A holding is a parent company whose purpose is to bring together partners or shareholders who wish to acquire a significant influence in other companies.
A favorable and suitable jurisdiction for carrying out activities such as e-commerce, import/export, and/or professional services, with income tax exemption.
ADVANTAGES OF SETTING UP AN OFFSHORE COMPANY IN SINGAPORE
No capital release requirement when setting up a company.
Mandatory annual balance sheet filing. Invoices must be kept for a minimum period of 5 years.
No restriction on residency or nationality of shareholders and/or directors, but minimum one resident director and one secretary in Singapore.
Exemption from income tax, capital gains tax and inheritance tax.
The profit tax is around 17% with the possibility of a partial exemption.
CONFIDENTIALITY AND STABILITY
Flexible legislation that is not considered a tax haven, politically stable, with a modern vocation and bureaucratic ease.
Company formation in Singapore main characteristics
|Formation timeframe||3 working days|
|Type of business entity||Private limited company|
|Corporation tax||0% – 17%|
|ISO standards management||Available|
|Guidelines for financial performance of transfer price and other considerations||Shell company|
|Information on shareholders||Not available|
|Directors information||Not available|
|Accounting||Bookkeeping annual accounts|
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