Opening An Offshore Company In Singapore or BVI For NFT Game Publishers?
02-03-2022
Between 2017-2022, a large number of NFT game startups (also known as Blockchain games, crypto games or virtual currency games) were established in Vietnam. With technological capabilities and sensitivity to the needs and tastes of gamers, many NFT Vietnam game publishers have ambitions to reach out to the world, and to achieve that, they first want to reach abundant capital from angel investors, international venture capital funds. However, the legal corridor in Vietnam has never been an attractive “brand” for international investment funds.In the past year, more than 50 NFT game enterprises have come to CorpAgent with the need to open a business. offshore company in Singapore or BVI for the purpose of optimizing business costs and calling for international capital.In this article, CorpAgent would like to share with Blockchain startups, specifically NFT gaming startups, businesses. Still wondering whether to open an offshore company in Singapore or BVI, or hesitate with the need to establish an offshore business, the advantages and disadvantages of setting up a business in Singapore and BVI – two popular destinations for opening an offshore company. Blockchain game industry offshore company
The common point of NFT game businesses, not only in Vietnam: they all have legal offshore companies in foreign countries.Establishing an offshore company in Singapore or BVI has the following implications for NFT game business:
Comparison of opening offshore company for NFT game business: Singapore or BVI
Internal factors
Below is a table comparing the advantages and disadvantages of setting up a foreign company in Singapore and an offshore company in BVI.
Do not open an offshore company |
Open an offshore company in Singapore |
Open an offshore company in BVI |
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Attracting international investment |
Singapore is one of the favorite destinations of investment funds. |
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IPO/ICO/IDO |
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Optimization of operating costs |
Comparison of process and requirements for setting up an offshore company in Singapore vs. BVI for game businesses NFT
Opening an offshore company in Singapore |
Opening an offshore company in BVI |
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Macro environmental factors |
Singapore is a country |
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Complexity of opening a company for foreign business owners |
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Time to establish a company |
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Policy Tax |
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Feasibility of opening a business account |
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Time to open a bank account |
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Operational reporting |
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requirements Blockchain regulatory framework |
Singapore is a country |
Read more: The process of opening an offshore company in Singapore
Read more: Process Opening an offshore company in BVI
The role of CorpAgent in opening an offshore company for an NFT game business in Singapore or BVI
Frequently asked questions from an offshore company opening company in Singapore or BVI
Do NFT game businesses really need to openoffshore company?
See also: Spending 250 USD/month to maintain an offshore company, what do you get in return?
Advantages and disadvantages
About CorpAgent
CorpAgent is a business consulting unit with expertise in helping large and small businesses optimize their business operations. With a team of seasoned experts who have held key positions in law and finance in well-known enterprises, along with a team of in-depth, responsive and enthusiastic professionals, CorpAgent has built a strong reputation. Having a certain reputation in the following consulting areas:
CorpAgent’s customer base includes many large and small reputable businesses. About 90% of corporate customers when using the service of opening an offshore company or registering a payment gateway with CorpAgent refer new customers, or continue to use the second or third service. We are proud to be a dedicated consulting unit, handling many complex business problems, always exceeding the expectations of our customers. Why customers choose us:
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See also: What do customers opening offshore companies say about CorpAgent?
See also: CorpAgent celebrates 2 years of establishing a partnership with PayPal Singapore
CorpAgent is a business consulting unit with expertise in helping small and large businesses optimize business operations. With a team of seasoned experts who have held key positions in law and finance in well-known enterprises, and a team of in-depth, responsive and enthusiastic professionals. :
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See also: Full service CorpAgent