Belize Company and Singapore Bank Account for Google Adsense Earnings

In a nut shell, internet income producing companies incorporate as an offshore entity and therefore have no tax or accounting responsibilities to any country as long as their income is not produced in the country of incorporation. As long as their revenues are from the internet, there are no jurisdictions or even reporting requirements.

Formation of a Company in Belize

A Belize International Business Company is formed under the 1990 Belize IBC Act and is considered one of the most modern and user friendly offshore jurisdictions available. A Belize IBC is an ideal corporate vehicle for international financial transactions as the regulations and processes have been designed with the offshore investor in mind. Belize’s laws facilitate fast and effective incorporation and are the ideal jurisdiction for small, start-up international businesses.

The fee for incorporation in Belize is only US $930 year 1 and US $400 year 2.

A Virtual Office can be set up as well. Having one can provide for a professional business image, a Registered Address enabling you to receive important documents, a phone answering service and much more. We offer different packages based on your needs. Below is a breakdown of the packages and prices.

Virtual Office Fees – Singapore (S$ / USD)

Bronze Package

Silver Package

Gold Package

Business Address
Mail Forwarding

Scanned documents and sent by e-mail

Up to 10 documents per month

Fax number

Business Address
Mail Forwarding

Scanned documents and sent by e-mail

Up to 20 documents per month

Fax Number
Shared Business Phone Line
Generic voicemail message
Phone message alerts via e-mail

Business Address
Mail Forwarding

Scanned documents and sent by e-mail

Up to 30+ documents per month

Fax Number
Dedicated Business Phone Line
Calls personally answered in your company’s name
Phone message alerts via e-mail

S$ 25 / USD 20 per monthPayable every 6 months in advance

S$ 22 / USD 17 per month

Payable annually in advance

S$ 60 / USD 48 per monthPayable every 6 months in advance

S$ 55 / USD 45 per month

Payable annually in advance

S$ 120 / USD 96 per monthPayable every 6 months in advance

S$ 100 / USD 80 per month

Payable annually in advance

Please note the above prices include all set up fees

Eltoma Singapore can tailor a package to suit your requirements if necessary

Bank Account in Singapore:

Singapore has an excellent choice of international and reputable local banks from which to choose. Most banks offer multi-currency accounts, internet banking and freedom to move funds in and out of Singapore for legitimate business purposes. The bank account can only be opened once the company has been incorporated however you are not required to be present in order to open a bank account in Singapore, we can open the account on your behalf.

The fee for opening a Singapore bank account is only US $675.

Please contact our office today +357 25 345 010 and start the process of having us set up your Belize company and Singapore bank account.


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