Offshore Company Incorporation
description
Transcript of Offshore Company Incorporation
© 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”
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
An Offshore Strategy
• Minimizes International taxation
• Benefit of Double-Taxation Treaties
• Offshore Income Can Be Tax-Free
• Use Transfer-Pricing Legally For Low
Tax
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
Individual Incorporating A Company
For Foreign Individuals
• With Employment Pass
• With Entrepass & Visa for Residency
• Only a Nominee Director; No
Residency
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
Foreign Corporations & Incorporation
Options For Foreign Corporations
• Foreign Subsidiary
• Branch-Office
• Representative Office
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
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)
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
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
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
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
© Copyright 2012 Paul Hype Page http://www.paulhypepage.com
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