dismiss-alert
header-area-background-wrapper
header-section-wrapper
Menu
site-banner
center-left-menu
center-right-menu

Singapore Offshore Company Formation - Business Setup

More Information

5 simple steps are needed to register an offshore company in Singapore

 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

Singapore Offshore Banking Options

Learn More
 
 

Singapore Offshore Company Formation

Good to Know
For the past decade, Singapore is the only Asian country with the top AAA sovereign rating from all major credit rating agencies, including S&P, Moody's, and Fitch. To register your company in Singapore, a local director is mandatory. SFM provides local nominee directors.

Main Characteristics of a Singapore Offshore Company

Company type
Private Limited Company (Pte Ltd)
Information published relating to company officers
The names of directors and shareholders appear in the Public Registry. One of the directors must be resident in Singapore.
Accounting requirement
Taxation
17% above SGD 300,000, 8.5% below
No taxation on the profits earned abroad or from financial securities however a company is liable to pay tax in Singapore on income that is:
  1. accrued in or derived from Singapore; or
  2. received in Singapore from outside of Singapore.
Income Received from Abroad
Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is:
  1. remitted to, transmitted or brought into Singapore;
  2. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or
  3. used to purchase any moveable property brought into Singapore (e.g. equipment or raw materials connected to your business).
Legislation
Singapore Companies Act 1963.
Standard Currency
Singapore dollar (SGD)
Stability
Singapore is a very stable jurisdiction and has an excellent reputation.
Communication
Very efficient communication means.
Time zone
Convenient world time zone: GMT+8
Secretary required
Yes
Paid up capital requirement
No paid up capital requirement (1 SGD)
Renewal Date
Anniversary date of the company / Each Year
Basis of legal System
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director/1 shareholder
One of the directors must be resident in Singapore.
Bearer shares
Bearer shares are not permitted.

Documents Required

for the Creation of a Singapore Offshore Company

A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**






Frequently Asked Questions

Offshore Company Formation in Singapore

  • What type of company do you register in Singapore?

    The type of companies that we setup in Singapore is known as a Private Limited company (Pte Ltd company). It is a legal entity similar to a Limited Liability Company (LLC) that can have a limited number of shareholders, and its shares are not available to the public.
  • Do I need to travel to Singapore at any point to setup my Pte Ltd company?

    No, the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”) in Singapore is extremely efficient and all formalities can be completed remotely.
  • Do I need to submit accounts for a Singapore Pte Ltd company?

    Yes, accounts should be submitted to the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”). SFM, through its partners' local accountants, can take care of this formality for you.

    We will contact you in due course and ask you for your company financial documents to be able to produce accounts on your behalf. Documents required are usually bank statements, invoices, contracts, and receipts.
  • How can I know if my Singapore Pte Ltd company will be tax liable?

    Please refer to our complete guide about Singapore Pte Ltd company taxation
  •  
  • Will my data be publicly available once I form a Singapore Pte Ltd company?

    Singapore Pte Ltd company officers' names appear in the Public Registry.
  • Will my liability be limited if I setup my company as a Singapore Pte Ltd company?

    The shareholders’ liability in a Private Limited Company (Pte Ltd) is typically limited to the amount of shares respectively held by them.
  • How many directors and shareholders should I appoint to my Singapore Pte Ltd company?

    A minimum of one shareholder and one singapore resident director should be appointed while registering a Singapore Pte Ltd company. If you are not a singapore resident then two directors (at least) must be appointed.
    One of the directors must be a singapore resident and you will be appointed as a second director.
    The necessary local singapore resident director services are obtained through SFM and our agent in consideration of the professional director service fees.
  • How easy is it to open an account for a Singapore Pte Ltd company?

    If you would like your bank account to be opened in Singapore, this is possible and will require your visit to Singapore to meet the bank as the ultimate beneficial owner. Otherwise, we may assist in opening a bank account remotely in other countries. Generally speaking, Singapore companies are very well regarded internationally, and therefore opening a bank account is usually not a problem. Obviously, this will be subject to the bank's own decision and due diligence requirements.


Singapore Offshore Jurisdiction News


Business boom: 4,675 new firms formed in Singapore every month

9 September 2014
Everyone is scrambling to get to the city. [..]
Continue reading
* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
14-Apr-2021
Very satisfied with the friendly service I received. Emails were answered immediately and all correspondence was clear and efficient
04-Apr-2021
Mrs. Andeea Daescu helped me quickly organise my working process and deliver the project as soon as possible. Showed excellent skills as Client Relationship Manager and communicator. Highly recommend Andreea. Communication, deadlines all met and Andreea is very professional. Splendid attitude to work.
30-Mar-2021
We have received great attention, fast and very professional. Highly recommended
30-Mar-2021
I strongly suggest SFM, great team of professional people suggesting the best solution!
30-Mar-2021
They are good at what they do, they reply very quickly and i didn't have any issue without a solution.
29-Mar-2021
Very professional. communication was clear and concise. Response time was minimal. The work was completed on time as promised.
Stars