Global Links Asia Consulting will study your business needs and advise you on the type of private enterprise you should establish in offshore countries. 

As an Offshore company, you will enjoy a number of benefits:

• Tax-exempt on all types of income, and dividends distributed to shareholders are also tax-exempt.
• There is no restriction on nationality or shareholders.
• There is no restriction on the currency used.
• Strict confidentiality of information of owners and directors.
• Shareholder meetings can take place anywhere, in any form (for example, it can be via phone), etc.
• It is not required to submit annual reports as well as accounting and audited reports.

In Singapore, you can choose from the following types of business structures:  

• Sole-Proprietorship (one owner)
• Partnership (two or more owners)
• Limited Partnership (LP)
• Limited Liability Partnership (LLP)
• Private Limited Company (Pte.Ltd.)

Of which, opening a private limited liability company (PTE. LTD.) is the most common option. This business structure is flexible, capable of scaling up and taking full advantage of government incentives for businesses.

Singapore law requires all companies to have a local resident director and secretary. Contact Global Link Asia Consulting now to learn more about how you can meet this requirement.

Fast, simple. You are not required to be present in the Offshore countries to open the company.

Fast, simple. You are not required to be present in Singapore during the establishment of the company.

2-3 working weeks.

2-3 working days.

Companies in offshore countries such as BVI, Belize, Seychelles enjoy a corporate income tax rates of 0%. This is one of the benefits that these countries offer to attract investors around the world.

The general corporate income tax rate is 17%. For newly established enterprises, in their first 3 years of incorporation, they will receive the following tax incentives:

• For the first 100,000 SGD of their profit, companies pay 4.25% tax.
• For the next 100,000 SGD in profit, companies pay 8.5% tax.
• For 200,001 SGD and above in profit, companies pay 17% tax.

The tax system in Singapore may change from time to time. Hence, check out the Corporate Tax Caculator for Singapore business to always stay up to date.

Note: Singapore corporation tax incentives for the first three years after incorporation are subject to change each fiscal year. 

Special: When you set up an offshore company, Global Links Asia will advise and support you to open a bank account in Singapore.

Opening a physical bank account for an offshore company is a difficult process, requiring consultants to have experience and knowledge of the process, and a deep understanding of your business operations to ensure documents provided are appropriate and in compliance with regulations.

The time to open a bank account for an Offshore company will be longer than that of a Singapore company.

Singapore is a leading financial center of Asia.

Only 14-22 working days to get a business account in Singapore. The total duration and the result will depend on the bank’s policy at the operation time.

Special: The account holder is no longer required to be present at a Singapore bank to carry out the account opening procedure

Global Links Asia Consulting is committed to ensure a high success rate for opening a bank account for offshore companies. To do this, Global Links Asia will work closely with you, review all information you provide to estimate your success rate before submitting the application documents.

In case your offshore company is unable to open a physical bank account in Singapore due to various reasons, Global Links Asia will support you to open a reputable online payment account in Hong Kong and the USA that suits your business and investment needs.