Company Formation and Incorporation
Offshore Company Incorporation
An offshore company is a legalised company registered, managed, and operated in a foreign country where it receives certain financial, legal and tax benefits.
Our team at Desfran has more than a decade of experience in offshore formations and subsequent compliance for the various jurisdictions such as the British Virgin Islands, Belize, Bermuda, the Cayman Islands, Labuan, Panama, Seychelles, etc.
The following are some of the more common reasons for an offshore company formation:
- Low business tax
- Asset protection
- Ease of administration (no tax return, no audit, no local director/shareholder)
- Lower set up and maintenance costs
As a one stop service provider, our team at Desfran will continue to help our clients with their companies’ formation and incorporation around the world.
What are the steps to incorporate an offshore company?
Key points to consider:
How much do you charge for nominee director?
The charges for nominee director varies for the different jurisdictions but they typically range from around USD$2500 to USD$3500.
What are the common tax implications for offshore entity?
Most offshore entities are exempted from taxes should it be structured properly. For any specific jurisdiction, please contact us for further information.
What is the minimum paid up capital?
The minimum paid up capital varies for each jurisdiction and can be as low as $0.
How many EPs can we apply under a Singapore entity?
The number of EPs that a Singapore entity can apply depends on the turnover and number of local employees that are in the company.
Does it include a bank account?
There is no prerequisite requirement to open a bank account prior to incorporation. However, tax-related issues, such as the origin of corporate income may apply in some jurisdictions. For any specific locations, please contact us for further information.
How long does the incorporation process take?
The duration of incorporating an offshore entity will be dependent on the jurisdiction itself. It may take as short as a week to as long as 2 months.
Can a 100% foreign-owned company incorporate in Singapore?
Yes, in Singapore, companies can be fully foreign-owned, foreign companies are allowed to incorporate a subsidiary company and owns fully of its shares.
Do I need to be physically present in Singapore during the incorporation?
No physical presence is needed for the incorporation in Singapore.