Reasons for Setting up an Offshore Company in Singapore
Singapore has pro-business laws, rational tax system, dynamic economy and qualified workforce. It makes setting up an offshore company an attractive proposition even for multinational companies. What is a Singaporean Offshore Company? Singaporean offshore company is a company incorporated under the Singapore Companies Act. Such a company can be used for business outside of Singapore. It benefits from a low or no tax regime. You could think of setting up an offshore company in Singapore for the following reasons: · You want to use an offshore company as a growth vehicle to expand your business. Most probably, the investment for the growth will come from institutional investors who prefer such companies · You have an investment holding entity and want to cash on relief from Stamp Duty and Capital Gains offered by Singapore authorities · ...