Why Singapore

Reasons for Setting Up a Singapore Company

  • Pro-business and investment government policies

  • Stable Government with high integrity.

  • Very reputable and developed financial hub and trading centre.

  • Consistently ranks as one of the easiest place to do business with minimum bureaucracy and red tape.

  • No restriction on capital flows, both in and out.

  • World-class infrastructure.

  • Highly educated work force. Singapore has one of the highest literacy rate in Asia with English as its main medium of teaching in schools an all levels.

  • Attractive Corporate and Individual tax regimes.

  • Singapore Tax Guide

  • Territorial tax system.

  • Current corporate tax rate of 17%

  • All Singapore companies enjoy partial tax exemption for the first $300,000 of chargeable income. The effective tax rate for the first $300,000 of chargeable income is around 9 %.

  • A newly incorporated qualifying Singapore company enjoys full tax exemption on the first S$100,000 of normal chargeable income for its first three years of assessment. Conditions apply. A company that does not qualify for this full exemption for new startup will be given partial tax exemption.

  • No tax on capital gain.

  • One tier tax system. Tax paid by a company on its chargeable income is the final tax. All dividends paid by a company are exempt from tax in the hands of shareholders.

  • Favourable personal income tax rates for Singapore tax residents.