Offshore Company Incorporation

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© Copyright 2012 Paul Hype Page http://www.paulhypepage.com Paul Hype Page Offshore Company Incorporation In Singapore

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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 of Offshore Company Incorporation

Page 1: Offshore Company Incorporation

© Copyright 2012 Paul Hype Page http://www.paulhypepage.com

Paul Hype Page

Offshore Company Incorporation In Singapore

Page 2: Offshore Company Incorporation

© 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”

Page 3: Offshore Company Incorporation

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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

Page 4: Offshore Company Incorporation

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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

Page 5: Offshore Company Incorporation

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Foreign Corporations & Incorporation

Options For Foreign Corporations

• Foreign Subsidiary

• Branch-Office

• Representative Office

Page 6: Offshore Company Incorporation

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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)

Page 7: Offshore Company Incorporation

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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

Page 8: Offshore Company Incorporation

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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

Page 9: Offshore Company Incorporation

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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

Page 10: Offshore Company Incorporation

© 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