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    Resident corporations are essentially companies which are catering to the Singapore market. These are normally personal limited firms and will have overseas shareholders. Foreigners are allowed a hundred per cent possession in Singapore companies and therefore they can easily setup a resident firm within the nation. It is possible for both the shareholder and the director of the corporate to reside abroad. However, there is at all times one native director within the firm that must reside inside Singapore. These corporations are treated the same as a neighborhood company, they promote their products and services in the native Singapore market and have the identical annual filing necessities as native owned…