Offshore companies are much like overseas owned resident firms in Singapore. They also can have overseas shareholders and both the shareholder and director can reside abroad. Nevertheless, in this case regardless that the offshore company is required to maintain at least one local director, their companies or merchandise are marketed in an abroad market and not inside Singapore. Offshore companies have their homeowners reside abroad and also have their business activities overseas. The moment they attempt to cater to the native Singapore market, they would be handled as a resident firm and the legal guidelines for native corporations can be utilized.
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