Forming a Singapore company: Pros and cons

Many entrepreneurs ask about forming a Singapore company to conduct their location independent business, but Singapore may not be the right place for everyone.

The problem with choosing Singapore or any other country to start an offshore company is that, without unbiased research, you may get stuck in a jurisdiction that doesn’t serve you.

Andrew explains why a Singapore company may be a good, low-tax option for fixed businesses with an office and staff, but not as good for nomadic companies or sole traders.


Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.

Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.

He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.

As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.

Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.

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