Opening An Offshore Company In Singapore or BVI For NFT Game Publishers?

02-03-2022

Opening An Offshore Company In Singapore or BVI For NFT Game Publishers?
Opening An Offshore Company In Singapore or BVI For NFT Game Publishers?

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

Attracting international investment

 

Singapore is one of the favorite destinations of investment funds. 

 

IPO/ICO/IDO

     

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

Macro environmental factors

Singapore is a country 

 

Complexity of opening a company for foreign business owners

   

Time to establish a company

   

Policy Tax

   

Feasibility of opening a business account

   

Time to open a bank account

   

Operational reporting

   

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:

  • Business establishment consulting in over 10 countries, typically Singapore, the United States, the United Kingdom, etc. and established offshore companies in many countries, typically BVI, Belize, 
  • Consulting on opening bank accounts for foreigners and foreign business owners in Singapore
  • Full consulting on law and finance/tax foroverseas-operated businesses
  • Open and maintain PayPal Pro and Airwallex payment accounts.
  • Consulting on building capital calling documents and connecting Vietnamese startups with domestic and foreign investment funds.

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:

  • Customer satisfaction rate is 100%; the rate of customers returning to continue using other services of CorpAgent is 90%
  • A large part of our customers come from word of mouth in the startup community
  • We are the official partner of PayPal Singapore in Vietnam since 2017
  • We have a team of experts with quality insights capable of solving complex business problems.
  • We are transparent in our service fees. We promise no hidden fees. 
  • We commit that customers are fully advised on the risks of each solution. 

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. :

  • Email admin@corpagent.asia
  • Fill out the contact form here.
  • Or, send us a message at Zalo, LinkedIn or Facebook.

 

See also: Full service CorpAgent

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