Offshore corporations are much like international owned resident corporations in Singapore. Additionally they can have international shareholders and both the shareholder and director can reside abroad. Nonetheless, on this case although the offshore company is required to take care of at least one local director, their providers or merchandise are marketed in an abroad market and never within Singapore. Offshore companies have their house owners reside abroad and still have their enterprise actions in a foreign country. The moment they attempt to cater to the native Singapore market, they would be handled as a resident company and the laws for local firms could be applied.
Form a Singapore Firm – Singapore Subsidiary Firm And Its Benefits
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