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ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy sector and setting the accounting standards for companies, charities co-operative societies, and societies in Singapore.
The use of offshore companies, particularly in tax planning, has become controversial in recent years, and a number of high-profile companies have ceased using offshore entities in their group structure as a result of public campaigns for such companies to pay their "fair share" of Government taxes. [11]
The advantage to offshore investment is that such operations are both legal and less costly than those offered in the investor's country—or "onshore". Locations favored by investors for low rates of tax are known as offshore financial centers or (sometimes) tax havens. Payment of less tax is the driving force behind most 'offshore' activity.
Chart of an offshore company structure. exemption from local corporate taxation and stamp duty, provided that the company engages in no local business (annual agent's fees and company registration taxes are still payable, which are normally a few hundred U.S. dollars per year) preservation of confidentiality of the beneficial owner of the company
Apart from labor, capital - still relatively cheap in China - will also become more expensive as policymakers move the country toward interest rate liberalization. [7] Material costs, too, will continue to rise and will reach global levels. As the economy slows down, it becomes harder and harder for companies to pass on the costs to customers.
Formed in 2023, from the acquisition of Keppel Offshore & Marine by Sembcorp Marine which was subsequently renamed Seatrium, the company is listed on the Singapore Exchange (SGX). Seatrium's products and services include rigs & floaters, repairs & upgrades, offshore platforms and specialised shipbuilding . [ 1 ]
Vistra is a global professional services provider specializing in fund administration, corporate, fiduciary and administrative services. Headquartered in Hong Kong, Vistra supports multinational corporations, private equity and real estate funds and high-net-worth individuals with compliance, structuring and other essential services for navigating complex regulatory environments.
2C2P was founded in Bangkok, Thailand in 2003 by Myanmar-born computer programmer Aung Kyaw Moe. [4] [5] In 2007, the company moved its headquarters to Singapore.[6]In 2009, 2C2P first secured a seed investment.
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