The advantages of forming a Singapore company include:
Tax benefits
- ✔ Corporate income tax rate: 0-17%
- ✔ Personal income tax rate: 0-22%
- ✔ Dividends are tax-free
- ✔ No tax on capital gains
- ✔ Tax credit pooling
- ✔ Unilateral tax credit
- ✔ Reduced withholding tax on foreign-sourced income
Connected Marketplace
- ✔ Strong international network of Agreements
- ✔ 74 DTAs (Double Tax Agreements)
- ✔ 41 IGAs (Investment Guarantee Agreements)
- ✔ 26 FTA/EPAs (Free Trade Agreement/ Economic Partnership Agreement)
- ✔ World-class transport and logistics infrastructure
Premier Financial and IP Development Centre
- ✔ Robust financial ecosystem
- ✔ Access to low-cost finance
- ✔ Various incentives to develop Singapore as an IP hub (PIC)
- ✔ Largest corporate banking centre in Asia with over 160 banks
- ✔ Deep and liquid capital markets
Efficient Business Environment
- ✔ World’s easiest place to do business
- ✔ Leading arbitration centre
- ✔ Clear and efficient tax environment
- ✔ Educated and proficient workforce
- ✔ Open immigration policy
