Offshore corporations are just like overseas owned resident firms in Singapore. They also can have overseas shareholders and both the shareholder and director can reside abroad. Nevertheless, on this case even though the offshore company is required to keep up at the very least one local director, their services or products are marketed in an abroad market and never inside Singapore. Offshore companies have their homeowners reside overseas and now have their enterprise actions overseas. The moment they try to cater to the local Singapore market, they would be handled as a resident company and the legal guidelines for local companies could be utilized.
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