Singapore Offshore Company FAQs

1.How long does the incorporation process take?

The company needs to be approved and registered with the Accounting Corporate Regularity Authority (ACRA). This can take 1-2 days after receiving all the signed documents.

2.Do I need a registered address in Singapore for my company?

Yes, all Singapore companies must have a Singapore registered address.

3.Do I need to be present for the incorporation process?

No, you do not need to be present for the complete process.

4.What banks can I open the corporate account within Singapore?

Yes, once the company get done, we will go on supporting to open a bank account in banks such as OCBC, DBS, MayBank, UOB.

5.What are the critical requirements for setting up a Singapore company?

● At least one of the directors must be a natural person, above the age of eighteen years old, and a resident of Singapore.
● A company needs to have at least one shareholder who can be a local or foreign individual or company.
● A qualified company secretary has to be appointed. The secretary must be a resident of Singapore.
● A shareholder who is a natural person can also be a director of the company.
● A company must have a physical, local address in Singapore.

6.Does Singapore support a multi-currency bank account?

Yes, you can choose the bank according to your requirement.

7.Do you have to pay any income tax in Singapore?

Yes, you need to pay tax no matter where you run business.

8.Do I need to be present in Singapore to open a corporate bank account?

Yes, your presence is required.

About Us

Business Setup Worldwide is a platform to help you set up your business. Right from incorporation, registration and licensing to establishing your office space, we facilitate the formation of your company through expert counseling and incubation.

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Eastech

-Eastech

I want to express my heartfelt thanks to Business Setup Worldwide for your hard work in the matter of obtaining my company license, and all other help you have rendered. As usual, you carried out the involved process in a very professional and efficient manner. I would also like to take this opportunity to thank and appreciate your staff for all their prompt assistance given to me.

Brand Laetoli

-Brand Laetoli

Business Setup Worldwide helped me chose the best Free Zone to conduct my business and provided me with a turnkey solution in a very short time frame. Since then Business Setup Worldwide team have assisted and supported my company with all our administrative and legal requirements. I would just like to send my sincere thanks to you and your amazing team for all the assistance I have received during the past years.

Albatross

-Albatross

I found "Business Setup Worldwide" extremely helpful, the staff are courteous, punctual and know their job, I got my business up and running, a process that would have taken months in my home country done in no time".

Maxwell

-Maxwell Dubai LLC

We've been extremely impressed with the services provided Business Setup Worldwide. Their in-depth knowledge of rules and regulations and prompt actions on each stage of the process made us comfortable and hassle-free in setting up the business in UAE. We can highly recommend them since they're efficient, transparent and pro-active. Our continuing relationship with Business Setup Worldwide proves their organized and courteous services to satisfy us as their client.