Offshore Company

• Limited Liability Partnership (LLP)
• Sole Proprietorship
• Private Limited Company (Pte Ltd)

On the other hand, a corporate can choose the following options if they want to put their footprint in this country:

• Representative Office
• Subsidiary Company
• Branch Office

There are several Sectors such as holding of Intellectual Property, Asset Holding, Ship management owning, trading, holding Investment, consultancy or Professional services where Offshore Company formation are best Used.

Approval of Company Name by the Accounting and Corporate Regulatory Authority (ACRA)

If you are hiring any offshore company setup representative, they expect 6-7 names.

After that, they will find these names on the Accounting and Corporate Regulatory Authority website. Then, they pay the fees to keep in reserve one for your utilization. Simultaneously, this will offer you a space of sixty days.

The organization registrar has mentioned a few rules related to the name of the company. He asks to keep the organization names decent, meaningful as well unique. This name will not be from the vulgar or black-list. More importantly, the name of the company must not violate any trademark or copyright laws.

Once the process of setting up a company is finished, the Accounting and Corporate Regulatory Authority will send an email. You will get your company registration number in this mail. On top of that, it is considered as the official certificate of the company.

Now, your company is a separate legal entity. So, the company should be fulfilled all responsibility for compliance regulation. Don’t forget to keep accurate financial accounts as well as records of every transaction.

If you want to get keep accurate financial accounts, then you should set up a company bank account. In Singapore, there are several banks which ask the company directors to be physically present at the bank while opening account. On the other hand, few banks give facilities to open bank accounts online.

Well, Singapore is a perfect place to set up a company. It is an ideal regional hub for MNC corporations looking to enhance the fast-growing Southeast Asian area. Here are listed a few advantages of setting up an offshore company in this country.

• Global financial hub
• Favourable tax systems
• Pro-business regulatory environment
• Reliable Image in the Market
• Liberalized Ownership
• Politically benefits
• More Banking Facilities
• Big Market for the Investors
• Great Opportunities to the Start-ups
• Easy Company set up in Singapore

Set Up an offshore company with value, ease, and speed

At Jaanik, we provide transparency, timely, competitive pricing, good support, so that your company set up registration will be made easy and flexible.

In sum, Singapore is considered as a business hub for several multinational companies across the globe. The government has been inviting foreign investors so that they will invest more and more. The government in Singapore attracts them with tax as well as financial offers. Well, an offshore company is an ideal option for company growth. We at Jaanik will help you with the process of setting up a company in Singapore. You can contact us if you want to set up a company, we will be highly glad to give support in every manner.