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Offshore corporations are very similar to overseas owned resident corporations in Singapore. In addition they’ll have foreign shareholders and every the shareholder and director can reside abroad. However, on this case though the offshore firm is required to maintain up a minimum of one local director, their services or products are marketed in an abroad market and by no means inside Singapore. Offshore companies have their owners reside abroad and still have their enterprise actions abroad. The moment they try and cater to the local Singapore market, they’d be handled as a resident firm and the authorized guidelines for native firms would be utilized.
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