Offshore firms are just like overseas owned resident companies in Singapore. They also can have overseas shareholders and both the shareholder and director can reside abroad. Nevertheless, in this case although the offshore firm is required to maintain no less than one native director, their companies or merchandise are marketed in an overseas market and never inside Singapore. Offshore corporations have their homeowners reside overseas and now have their enterprise activities out of the country. The moment they attempt to cater to the local Singapore market, they’d be handled as a resident firm and the laws for local companies can be applied.
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