For enterprises doing import and export trade, if they use mainland companies to do foreign trade export trade, the operating costs are too high, which usually brings certain capital pressure when the enterprises are just established. Therefore, most enterprises will choose to register a company overseas to do re-export trade, using overseas resources and mature environment to get more support, reduce costs while improving efficiency. So, how to choose the place of company registration to do re-export trade?

The Singapore Government has always attached great importance to anti-money laundering and combating financial crimes and has adopted a series of strong measures. To strengthen the regulation of company registration and Corporate Service Providers (CSPs), the Singapore Government passed two important bills, namely the Corporate Service Providers Bill and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill, on July 2, 2024, which marked a solid step forward in anti-money laundering and combating financial crimes in Singapore.

Singapore is undoubtedly a hot spot for global companies to go overseas, with one-third of the world's Fortune 500 companies choosing to set up their headquarters here, and more than 7,000 multinationals setting up their operation centers here. Singapore's tax rates are amongst the lower in the world, and it is a territorial tax jurisdiction, meaning that companies are exempted from tax on overseas earnings, and there is no additional capital gains tax or shareholder dividend tax. Next, let's look at Singapore's tax advantages for expatriates from both the corporate tax and personal income tax perspectives.

In today's globalized economic environment, more and more enterprises seek overseas listing to expand financing channels, enhance brand influence and achieve international development. Red chip structure and VIE structure are two important choices for enterprises to list overseas.

Under the wave of globalization, more and more Chinese enterprises are setting their sights on overseas markets, and Singapore has become a popular choice for many enterprises to go overseas due to its superior geographical location, stable political environment, sound financial system and preferential tax policies.

However, setting up an overseas company structure is a complex process that involves a number of legal, tax and financial aspects. In this article, we will introduce to you how to set up an overseas company structure when a Chinese company goes overseas to Singapore.