Singapore Offshore Incorporation

Offshore companies mean a company that is registered, managed and operated in a foreign country where it receives certain financial, legal and tax benefits for being registered there. Offshore companies are an essential tool for most multi-national companies and serve as key components of the entire corporate structure. We’ll list down some points on offshore company formation in Singapore.

Forming an Offshore Company in Singapore

While offshore jurisdictions no longer suffer from stigma, it is still important to choose carefully keeping in mind the cost, reputation of jurisdiction and annual maintenance cost.

Why Should You Consider an Offshore Jurisdiction

1. You are or will be expanding with new shareholders coming in. Many investors, especially institutional investors prefer to invest through an offshore jurisdiction
2. The company is an investment (stocks/bonds/ real estates) holding entity – possible relief from Stamp Duty and Capital Gains. E.g. You incorporate an offshore company to be your main asset holding company (Holdco). Holdco has multiple subsidiaries (each a Subco). Each Subco owns a commercial real estate. If you wish to dispose any 1 real estate, you can simply sell the shares of the Subco holding that real estate. The stamp duty on sale of shares is often substantially lower than stamp duty of the real estate.
3. You are developing substantial Intellectual Property and intend to use it in various jurisdictions
4. Tax Planning
5. Higher returns on investment
6. Estate Planning
7. Enhanced Privacy

Please note that in certain jurisdictions, especially jurisdictions which have worldwide taxation, these arrangements might not give you appropriate tax planning advantage. We suggest you talk to your tax and legal advisors before implementing any structure.

Offshore Companies are best used in the following Sectors

1. Trading
2. Investment holding
3. Asset Holding
4. Professional services or consultancy
5. Intellectual Property holding
6. Ship management and yacht owning

Offshore company incorporation can be done without visiting the jurisdiction. Our helpful offshore consultants are able to assist you with the best structure keeping in mind the various factors which are relevant for you.

Offshore Banking

Offshore incorporation offers corporate banking benefits, which are often more attractive than benefits offered to offshore private clients.

We offer our clients bank introduction services to reputable offshore and onshore banks in Marshall Islands, Hong Kong, Mauritius and Singapore. The banks we work with provide completely secure online banking facilities and the ability to do inter-account or external electronic transfers. These banks also offer credit card services.