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That’s 11% cheaper than if you incorporated by yourself",[],{"slug":1457,"title":1458},"incorporation","Incorporation",{"_type":154,"alternativeText":1460,"height":1461,"url":1462,"width":1463},"Setting up a Foreign Company in Singapore: Benefits and the Process",411,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F667904227da31a7763d00990956c0959\u002Fsetting-up-a-foreign-company-in-singapore-benefits-and-the-process_cover.webp",620,[1465],{"_key":1466,"_type":170,"children":1467,"markDefs":1471,"style":190},"k0",[1468],{"_key":1469,"_type":174,"marks":1470,"text":1201},"k1",[],[],[1473,1488],{"_key":1199,"_type":170,"children":1474,"markDefs":1485,"style":190},[1475,1478,1481],{"_key":1180,"_type":174,"marks":1476,"text":1477},[],"An offshore company or corporation is an organisation type or ",{"_key":1190,"_type":174,"marks":1479,"text":1480},[1469],"business structure",{"_key":1482,"_type":174,"marks":1483,"text":1484},"k6",[],", where the company is registered in a jurisdiction that is different from where its investors and stakeholders are based. To put it simply, offshore companies are businesses that exist in a different country from their investors, set up for the purpose of conducting business activities. The term ‘offshore’ is only meant to indicate that the company is established in another country—nothing more, nothing less.",[1486],{"_key":1469,"_type":188,"externalUrl":1487,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fguide-to-choosing-sole-proprietorship-vs-partnership",{"_key":1213,"_type":170,"children":1489,"markDefs":1508,"style":190},[1490,1494,1499,1502,1505],{"_key":1491,"_type":174,"marks":1492,"text":1493},"k15",[],"The way in which they function as a business is rather straightforward and is not too different from a locally incorporated company. The company operates as a corporate entity that is allowed to conduct ",{"_key":1495,"_type":174,"marks":1496,"text":1498},"k16",[1497],"k9","trade",{"_key":1216,"_type":174,"marks":1500,"text":1501},[],", hold assets, and conduct regular ",{"_key":1220,"_type":174,"marks":1503,"text":1504},[1204],"business",{"_key":1225,"_type":174,"marks":1506,"text":1507},[]," activities outside its jurisdiction legally.",[1509,1511],{"_key":1497,"_type":188,"externalUrl":1510,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Feverything-you-need-to-know-about-forming-a-trading-company-in-singapore",{"_key":1204,"_type":188,"externalUrl":1512,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Ffive-things-to-start-web3-company-in-singapore","2025-07-03T00:00:00.000Z",{"_type":149,"metaDescription":1201,"metaTitle":1515,"socialShareImageUrl":1516},"Setting up an Offshore Company in Singapore: Benefits and the Process",{"_type":154,"alternativeText":1460,"height":1461,"url":1462,"width":1463},"setting-up-a-foreign-company-in-singapore-benefits-and-the-process",1790926624645]