For foreign companies seeking to set up in Singapore, there are three optional business entities.

The Singapore Accounting and Corporate Regulatory Authority (ACRA) requires all private companies established in Singapore to prepare their annual financial statements and annual company inspections after the end of the fiscal year.

If you don't have enough time to manage your company's daily finances and enough business support to hire full-time accountants, we can take care of this for you. Jenga Corp offers monthly accounting and financial reporting services, allowing you to focus your time, finances and energy on business development and operations.

The British Virgin Islands (BVI) are the most popular jurisdiction to set up offshore companies. With Jenga Corp, you can have your BVI Business Company (BC) up and running within 5 working days. In addition to our Standard Incorporation Package, we also provide services such as documents notarization, onshore serviced office, nominee directorship and shareholder, as well as bookkeeping and accounting services, to support your global business operations.

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The Cayman Islands is one of the world's leading offshore jurisdictions. Although particularly renowned for the establishment of investment funds (both hedge funds and private equity funds), Cayman Islands entities are customarily used for transactions of all types including equity, debt and insurance capital markets transactions, in mergers and acquisitions, and in joint ventures. Exempted Companies (ECs) are the most common form of offshore company in the Cayman Islands and are incorporated or registered under the Companies Law.

The Cayman Islands Limited Liability Company (LLC) law was recently enacted in July of 2016 to protect shareholders by creating limited liability companies. This law was modelled after a similar Delaware law in the United States. An LLC is a hybrid entity incorporating characteristics of the well-recognised features of Cayman’s successful exempted company and exempted limited partnership. Unlike a partnership, it has separate legal personality, yet far greater flexibility than a company.

VIE is the abbreviation of Variable Interest Entity. Variable Interest Entities, also known as the
Agreement Control Structure, refers to the separation of the registered entities registered
overseas from the domestic operating entities. That is, the overseas listed entities control the
domestic operating entities through agreements, thereby separating the listed entity registered
overseas from domestic business operation entity to achieve various purposes such as overseas
financing and listing.

An exempted limited partnership (ELP) is the most common vehicle for closed-ended funds including private equity, venture capital and real estate funds, they are also used for open-ended funds. An ELP has many similarities to its Delaware equivalent vehicle but an ELP is not a separate legal person and for this reason, it is popular with managers and investors in a number of jurisdictions. An ELP is managed by its general partner.

Employment pass is applicable to executives interested in management, administrative or technical work in Singapore or entrepreneurs or investors who have their own companies in Singapore. The assessment of applicants should be based on their salary, qualifications, work experience, nature of work and other factors. The applicant, who has a monthly salary of 6,000 Singapore dollar, can apply for dependent pass for spouse and children under 21 years old.

The Cayman Islands Segregated Portfolio Company (“SPC”) is governed by Part XIV of the Cayman Islands Companies Law (2016 Revision) (the "Companies Law"), which permits any exempted company to be registered as a SPC. A SPC, which is a single legal entity, may create one or more segregated portfolios which legally separates each portfolio’s assets and liabilities from other portfolios, as well as from the SPC’s general assets and liabilities.