Singapore Offshore Company

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Singapore Offshore Company


Singapore Offshore Company

(Year 2 Price onwards £1,595.00)

Singapore is becoming increasingly important as one of the worlds low tax havens and is keen to attract Westerners. It’s a good choice for offshore company formation if you’re looking to dispose of assets because there is no capital gains tax. In addition Singapore does not levy a withholding tax on dividends. Interest and royalties paid to non-residents are, however, subject to a 10% or 15% withholding tax.

Why choose a Singapore Offshore Company Formation?

Main features of Singapore company registration

  • Companies can be incorporated under the Singapore Companies Act as private or public, limited by shares, by guarantee or unlimited. A Singapore company may be deemed resident or non-resident depending on its place of central management and control.
  • All foreign source income received by individuals in Singapore is tax exempt.
  • Taxation of income in Singapore is assessed on a territorial and remittance basis; only income accrued in or derived from Singapore, or income derived overseas but received in Singapore, is subject to tax.
  • Singapore resident companies are generally entitled to income tax exemptions on foreign sourced dividends, foreign branch profits, and foreign-sourced service income subject to meeting certain criteria.
  • Corporate tax rate is a flat 17% with a lower effective tax rate due to available applicable tax exemptions and incentives.

Singapore offshore company formation, nominees, bank accounts and mail forwarding

As specialists in Singapore offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Global Formations can help. We also provide a comprehensive range of admin services for Singapore companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.

Our expert Singapore company formation and company registration team has established affiliations with local Singapore company agents and extensive knowledge of the legal requirements for company formation in Singapore. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in Singapore.

If you require us to take over the management of your existing Singapore offshore company, we can usually do so at no extra cost.

To speak to an expert Singapore company formation/registration advisor, please call free +230 404 3396.

What’s Included in The Formation Price:

  • Certificate of Incorporation
  • Certified bound copy of the Memorandum and Articles of Association
  • Registered office and agent fee for the first year
  • Government fees for the first year
  • Company Secretarial Maintenance for first year
  • Issued Share Certificate
  • Register of Directors
  • Appointment of First Director
  • Consent letters etc
  • Company Share Register
  • Company Seal

Singapore Offshore Company


Additional Information for Singapore


Singapore Offshore Companies and their Tax Liability

Singapore is not completely tax free, but like Panama and Costa Rica it applies the territorial basis of taxation. Therefore even if you become a tax resident of Singapore you can avoid paying income tax on your overseas pension or investment income. Over the past year or so the city state has also benefited from the introduction of the European Savings Tax Directive. As Singapore is outside the scope of the directive it has seen a sudden rush of cash into its banks by EU residents, keen to keep their money away from the prying eyes of governments.

In terms of company tax, the tax residence status of a company in Singapore depends on the usual test of where the management control of the business is exercised. If you use a Singapore resident company it will be taxed on any income accruing in Singapore or that is received in Singapore from overseas. There is a special rule for overseas dividends which mainly affects Singapore holding companies. This states that there is a tax exemption for the overseas dividends, provided they are not remitted into Singapore. The highest corporate tax rate of the country from where the income is received is at least 15%. The income has already been taxed in the overseas country. Singapore companies also enjoy some very attractive tax breaks. The current corporation tax rate is 17%.

Double Taxation Agreements

Singapore has an extensive investment protection agreement and double tax treaty network. This includes most countries in the Asia-Pacific Region and countries in Europe, Africa and the Middle East. These countries include China, Indonesia, Thailand, Malaysia, Philippines, Vietnam, India, Japan, Korea, Australia, New Zealand, South Africa, United Kingdom, Netherlands, Germany, Switzerland, Sweden, France, Belgium, Finland and the United Arab Emirates.

Singapore is also one of the very few countries to have a tax treaty with Taiwan. This explains the popularity of Singapore holding companies for Taiwanese investments into China and the region.

Singapore Offshore Company Formation / Registration

Offshore Formations 247 are able to incorporate a Singapore offshore company. Company formation normally takes up to 5 days to register a new company.

Singapore Offshore Company Shares

The concept of authorised share capital was abolished in Jan 2006 and the minimum number of issued shares is 1. Ordinary shares, preference shares and redeemable preference shares are all permitted.



Type of entity Resident/Non Resident
Type of law Common
Our time to establish a new company 5 days
Minimum government fees (excluding taxation) S$365
Corporate Taxation Varies
Double taxation treaty access Yes


Standard currency SGD$
Permitted currencies Any
Minimum paid up S$1


Minimum number 1
Local required Yes – one
Publicly accessible records Yes
Location of meetings Anywhere


Minimum number 1 (corporation or individual)
Publicly accessible records Yes
Location of meetings Anywhere


Required Yes
Local or qualified Yes


Requirement to prepare Yes
Audit requirements Yes but there are exemptions
Requirement to file accounts Yes but there are exemptions
Publicly accessible accounts Yes but there are exemptions


Requirement to file annual return Yes
Change in domicile permitted No

Singapore Offshore Company


Need Our Help?

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Administrative Additional Services*

*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.

Professional Director

A Professional Director is a third party, who is appointed to act as a Director of a company.

Professional Shareholder

Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..

Telephone Answering

Clients wishing to give the impression that their company is based in the UK or has a UK office.

Mail Forwarding

Enhance your business image whilst at the same time fully protecting your true identity and location

Offshore Banking

Offshore account for your company with our International Banking Partners.

Accounting Services

Provision of accounting services for your offshore company.

Trusts & Foundations

Ensure your assets are passed to beneficiaries of your choice.

Wealth Management

Offshore investment advice. Ensure your offshore funds are invested.

Related Services

Special Packages

A selection of special packages at discounted rates based on popular products and jurisdictions.

Offshore Banking

Select from a range of Offshore Banking solutions for your personal and business needs.

Additional Services

We offer specialist and comprehensive additional services to cover all of your corporate needs.

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A1 Global Formations is a trading name of EMFORD GLOBAL DMCC a Company incorporated in Dubai Multi Commodity Centre.

EMFORD GLOBAL DMCC No: 0122 is an approved Registered Agent licenced by the RAK International Corporate Centre, Government of Ras Al Khaimah United Arab Emirates