offshore company incorporation
DESCRIPTION
Thinking about setting up an offshore company? Here are some of the basic but concise information that you will need to know about Offshore Company Incorporation. You can visit www.PaulHypePage.com to find out more.TRANSCRIPT
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
Paul Hype Page
Offshore Company Incorporation In Singapore
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
Singapore: Preferred Offshore Location
• Stable Political System
• Flat Low Corporate Tax Rate
• Rule of Law
• Strong Currency and Economy
• Positive Image; Not a “Tax Haven”
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An Offshore Strategy
• Minimizes International taxation
• Benefit of Double-Taxation Treaties
• Offshore Income Can Be Tax-Free
• Use Transfer-Pricing Legally For Low
Tax
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Individual Incorporating A Company
For Foreign Individuals
• With Employment Pass
• With Entrepass & Visa for Residency
• Only a Nominee Director; No
Residency
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Foreign Corporations & Incorporation
Options For Foreign Corporations
• Foreign Subsidiary
• Branch-Office
• Representative Office
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Foreign Subsidiary
• Separate Legal Entity; Local Tax Benefit
• Can be 100% Owned by Foreign Parent
• Requirements:
• 1 Shareholder & 1 Secretary
• 1 Director fulfilling residency requirements, or a
nominee director
• 1 Shareholder & 1 Secretary
• Registered Address that is not a PO Box
• 1 Auditor (unless exempt)
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Documents for Foreign Subsidiary
• Singapore Resident
• Director/Shareholder• Copy of Identity Card (IC)• Copy of passport (if non-citizen)
• Non-Residents Individual• Copy of passport• Address proof
• Non-Residents Corporates• Incorporation certificate & special director
resolution
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Foreign Branch Office
• Legally Part of Foreign Company
• No Resident Company Tax Advantages• Unless management and control is in Singapore
• Requirements• 2 Agents who are Singapore residents, citizens or
employment pass holders
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Representative Office
• Has No Legal Status
• Merely an Administrative Entity
• For Liaison or Preliminary Activities
• Requirements• Apply to IE (International Enterprise)
• Usually Valid for 1 year
• Renewable up to 3 years maximum
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
www.paulhypepage.com
Paul Hype Page & Co, established in 2008, a Full Practicing Member of Institute of Certified Public Accountants of Singapore (ICPAS) and also registered as a Public Accounting Firm with Accounting and Corporate Regulatory Authority (ACRA).
We offer consultancy services relating to Singapore Company Incorporation, Accounting, Auditing, Taxation, Immigration and related compliance services.
Mr.Eric Eio, Partner -CPA & B.Com (Uni Of
Sydney)
10 Anson Road #30-17, International Plaza Singapore 079903
Phone: +(65) 8484 8816Office: +(65) 6221 4711
Contact