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  1. X

    Singapore company structure for offshore taxation

    It doesn't say it's not for active income. It says foreign source service income. Ok, so we're back to what we've been discussing the whole time :). You claim it's very common, however there is no source of this anywhere online. Sovereign, quotes the rules for tax resident companies (income...
  2. X

    Singapore company structure for offshore taxation

    I think it doesn't make sense that a non tax resident company is taxed in the same way as a tax resident company. All the source of the information regarding tax on foreign source income and remittance to Singapore comes from the guides to Singapore tax resident companies. Here is a clear PDF...
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    Singapore company structure for offshore taxation

    Did you see the link I posted? It shows that salary to directors are taxed in Singapore, at least some parts of it. Maybe it can be avoided if the salary is for a managing director. However that's something I would double and triple check with the accountants. But you're right, a regular salary...
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    Singapore company structure for offshore taxation

    There might be ways to get around it, but not easily without any tax: https://www.iras.gov.sg/taxes/withh...tor/tax-obligations-for-non-resident-director
  5. X

    Singapore company structure for offshore taxation

    Yes, but they require payouts to a SG bank account, so that would be taxable.
  6. X

    Singapore company structure for offshore taxation

    Just wondering, why do you want the company to be SG tax resident, if the tax treatment are the same for non tax resident companies? You mentioned Sovereign, and they write this: Do you run a SG company? Did you manage to find a service provider and nominee director that are ok with claiming...
  7. X

    Singapore company structure for offshore taxation

    It's kind of important as a small company to be able to find an accountant or service provider that you can work with that knows about these potential tax free rules. Also, as you need a nominee director in Singapore, the service providers often have some requirements to reduce their potential...
  8. X

    Singapore company structure for offshore taxation

    I, like OP would like to know 100 % that a Singapore company owned by a foreigner run from outside Singapore is not taxable in Singapore. Thanks for your input. I'll consider it together with all the other info that says the income is taxable in Singapore. I understand it might work with iras is...
  9. X

    Singapore company structure for offshore taxation

    The iras link shows its not so straight forward to be a SG tax resident company. https://www.iras.gov.sg/taxes/corpo...is considered,in the preceding calendar year. Which, can be beneficial if this helps to avoid tax of foreign source income. However it also means higher tax rates if the income...
  10. X

    Singapore company structure for offshore taxation

    I don't think it's that easy to be a Singapore tax resident, as there are many benefits of being a SG tax resident. And because of that you might not qualify. If you research this you'll see that this is highlighted by many accountants. My point was to highlight how a SG non tax resident...
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    Singapore company structure for offshore taxation

    But I don't think you can chose if you're tax resident or not, that depends on the facts. And I don't think income from Singapore (customers) is taxed for all non tax resident companies, especially for non Singapore incorporated companies?
  12. X

    Singapore company structure for offshore taxation

    In addition to this then it's the matter of if the company is SG tax resident. And it appears it can be difficult to get the company to be SG tax resident, if managed from outside SG. As a SG tax resident company has many benefit that doesn't extend to non tax resident companies. Is a SG non tax...
  13. X

    Singapore company structure for offshore taxation

    No, as if the accountants in Singapore doesn't know about this, then I don't want to have to convince them by pasting from a chat I had on IRAS website.
  14. X

    Singapore company structure for offshore taxation

    It's still unclear because: The company might not be Singapore tax resident The income might not be reveived or remitted to Singapore.
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    Singapore company structure for offshore taxation

    I don't think it's very complex. Non resident /citizens owning and operating SG company outside sg. Tax or not (when not having also registered the company in another country or registered a subsidiary etc).
  16. X

    Singapore company structure for offshore taxation

    If You have service income then the income must come from a PE in another country to be tax free. A PE probably means that the company is registered in another country as a branch or as a foreign company doing business there. For å trading company sovereign say it can be tax free. I'm still...
  17. X

    European Nomad IT Contractor - residing in 'naughty' country + tax resident of nowhere - UK LLP -> US LLC setup

    Your Irish Ltd should withhold the taxes, no the bank doesn't do it. UK doesn't tax salaries paid to non residents. And this includes directors salaries, but careful about spending any time in the UK then. The Ltd company still has to pay tax on the company's profit. However the profit might...
  18. X

    Singapore company structure for offshore taxation

    They do say that services are taxed in Singapore while a trading company can be tax free. It's still doesn't seem straight forward for a trading company, maybe not very common. If it was indeed zero tax with no issues then it should be more common?
  19. X

    Singapore company structure for offshore taxation

    Why stay under audit exemption? Do you mean that there is no tax if they don't find out only? Sounds legit
  20. X

    Singapore company structure for offshore taxation

    It might be not considered SG tax resident if not managed from Singapore. However, the tax office says that the sames tax applies to resident and non resident companies, except residents has some more benefits and deductions. I haven't been able to find any accountants or service providers that...

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