Why Choose Singapore for an Offshore Business Location

Companies large and small are taking the step of offshore company formation in key locations around the world. Previously only large multinational companies took such steps. As economies worsen in some parts of the world small and medium size companies are deciding it is time for them to have an offshore presence too.

Some companies feel the decision to go or not go offshore is the important decision in the process. In truth the more important decision is where the offshore business presence should be located. Often an offshore company is set up in the same general part of the world there the parent company is located. A more reasoned selection would be placing the offshore business in a location central to current or planned business or expansion in a specific part of the world. So the fact that a home office may be in London or Berlin is not a problem if a significant portion of their business activities are taking part in Asia. This is exactly the reason so many companies are choosing Singapore for their offshore location.

When it develops that more than one location might be suitable a definite and considered approach is warranted. An important point for decision makers to realize is that offshore companies are not all created equal. The result of setting up a successful offshore business entity depends in large part on the total environment of the set up location.

So choosing between one location and another requires a review of parameters in each possible location. Here are some of the more important areas to review for each possible location.

What is the political and economic situation?

What tax treaties are in place between the home country and the offshore location?
Are there monetary controls prohibiting return of revenue and capital expenditures to the home country?
What limitations, if any, are placed on activities of the new company offshore?

What company name options exist?

What does the set up of an offshore company in each location cost, from start to finish?

For location options for an offshore company in Asia a complete review of all factors will explain why such an influx of new company formation, supported by foreign companies, is taking place in Singapore.

Singapore is the crossroads of Asia and the location with the best business environment by far. The immigration policies of Singapore make sourcing top grade professionals from anywhere in the world not only possible, but also easy because of the well-known type of lifestyle Singaporean residents enjoy.