Undoubtedly, one of the most amazing countries in the world, Singapore has also managed to become one of the leading economies over the past decade.
Still, as you may already know, there is a reason for which Singapore is doing so well and that is related to the fact that the entire bureaucratic system and the laws are made in such a way as to make it extremely easy for entrepreneurs to invest in this country. Hence, a Singapore company incorporation is one of the most sought-after options in the world.
Incorporating a Singapore offshore company can also be one of the most beneficial things you could do and if you want to find out more about this, then this is the perfect guide for you.
What is an Offshore Company?
Offshore companies carry out the same types of business as a locally incorporated company and the liability of its shareholders is generally limited to the amount of capital they have invested into the company, and they both will essentially be a private limited company.
However, the difference that an offshore company identify themselves are with the company’s incorporation by jurisdiction.
What we mean is, a locally incorporated company will go through the usual process of a Singapore company incorporation. Whilst an offshore business goes through the same process, the only different is the offshore company will be incorporated by a local nominee director.
For Foreign companies whom like to operate a Singapore Company, and do not wish to relocate personally to Singapore, will also opt for the offshore company incorporation option.
Basically, you can incorporate an offshore company in Singapore, case in which you will not need any work passes or work visa. However, you will not be able to live in Singapore for extended periods of time.e for your Spouse and Children Visa