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Offshore corporations are just like overseas owned resident companies in Singapore. Additionally they can have foreign shareholders and both the shareholder and director can reside overseas. Nonetheless, in this case though the offshore firm is required to take care of at least one local director, their providers or merchandise are marketed in an abroad market and not inside Singapore. Offshore corporations have their owners reside abroad and now have their enterprise actions overseas. The moment they try to cater to the local Singapore market, they’d be handled as a resident firm and the laws for native corporations can be applied.

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