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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
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 British Virgin Islands Companies Registry. The term "offshore company" or "offshore corporation" is used in at least two distinct and different ways. An offshore company may be a reference to: a company, group or sometimes a division thereof, which engages in offshoring business processes. [1]
Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. [citation needed] LCCS falls under a broad category of procurement efforts called global sourcing. The process of low-cost sourcing consists of two parties.
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.
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 ]
The process is relatively quick and cheap; it can be done online, and the filing fee is US$100. Once registered, the security will take priority over all subsequently registered security and any unregistered security. [30] Registration of a security interest will also constitute constructive notice of the security interest. [31]
The $325 million upgrade of the Toll Offshore Petroleum Services facility in Loyang, Singapore, means that the firm owns one of the world's three major oil and gas hubs. [10] The facility has a length of 1,000 metres and a water depth of 8.5 metres. It has a multi-storey ramp-up warehouse. [11]
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