Resident corporations are essentially firms which might be catering to the Singapore market. These are often personal restricted corporations and may have overseas shareholders. Foreigners are allowed one hundred per cent ownership in Singapore companies and hence they will simply setup a resident company within the country. It is potential for both the shareholder and the director of the corporate to reside abroad. Nevertheless, there is always one native director in the agency that must stay within Singapore. These corporations are treated the identical as a local company, they promote their services and products in the local Singapore market and have the same annual submitting requirements as local owned firms.
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