Singapore Offshore Company Incorporation

Yes, 100% foreign ownership is allowed. You can incorporate a private limited company without being a Singapore resident.

Yes. At least one local director (Singapore citizen, PR, or Employment/EntrePass holder) is required. This is often fulfilled through a nominee director service.

Every company incorporated in Singapore will be required to register a local address. 

Having a local address is essential for your business to be easily located for mail, especially from local authorities.  

Depending on the type and nature of your business that you’re setting up, the minimum paid-up capital varies. The minimum paid-up capital for a private limited company can be as little as SGD$1.00  

However, businesses that are in regulated industries, would require higher paid-up capital requirements.   

Singapore is not a traditional tax haven. It is a low-tax jurisdiction with a strong regulatory framework, often preferred for its credibility and business-friendly policies.

In Singapore, taxes are charged only on income derived from business activities carried out within Singapore or income received in Singapore.

Corporate tax rates range from 0% to 17%, while personal income tax ranges from 0% to 22%, depending on residency and income level.

However, foreign-sourced income is tax-exempt, provided it is not remitted into Singapore or meets qualifying conditions. Additionally, Singapore imposes no capital gains tax and no dividend tax, making it a highly attractive jurisdiction for offshore entrepreneurs, holding companies, and global investors.

The standard corporate tax rate is 17%, but there are exemptions and incentives that can lower effective tax rates, especially for startups and international income.

No. It is not required for you to be physically present in Singapore for the incorporation process. Our team of experts will assist you every step of the way. 

It’s difficult. Most banks require in-person verification for account opening. However, many EMIs (Electronic Money Institutions) allow remote onboarding.

There’s no separate “offshore” entity type. The term usually refers to companies incorporated in Singapore but earning revenue outside Singapore to benefit from tax exemptions on foreign-sourced income.

Yes, it’s legal and common. Many global entrepreneurs use Singapore entities for international trading, IP holding, or investment purposes.

Annual return filing with ACRA, tax filing with IRAS, annual general meeting (AGM), bookkeeping, and preparation of financial statements are mandatory. Not to worry, our team at Worldwide Fellow will assist you every step of the way. 

Yes, but your company must demonstrate a genuine business activity, local office address, and reasonable capital/investment.

Incorporation typically takes 1–3 business days, assuming all documents are in order. Delays can occur with KYC or nominee director arrangements. Speak to us today, and we’ll get on it right away!