Download - Offshore Company Incorporation

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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

© 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

Page 4: Offshore Company Incorporation

© 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

Page 5: Offshore Company Incorporation

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

Foreign Corporations & Incorporation

Options For Foreign Corporations

• Foreign Subsidiary

• Branch-Office

• Representative Office

Page 6: Offshore Company Incorporation

© 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)

Page 7: Offshore Company Incorporation

© 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

Page 8: Offshore Company Incorporation

© 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

Page 9: Offshore Company Incorporation

© 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

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