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Visa and residence permit options
BUSINESS FORMATION OPTIONS
Corporate Entities in Singapore
Compare the different types of business entities available for incorporation in Singapore.
Corporation
Singapore PTE LTD
Corporate Tax Rate
17%
Effective Tax Rate
17%
Tax Regime
Territorial Tax
Singapore Citizenship and Naturalization
Grade:
A+Global Rank: 2
Dual Citizenship:No
Visa-free Access
164 out of 195 countries
Access to Major Destinations
- European Union
- United Kingdom
- Canada
- United States
- China
- Russia
- Japan
| Category | Details |
|---|---|
Citizenship by Descent |
|
Naturalizations |
|
Spouse Naturalization |
|
Birthright Citizenship |
|
Economic Citizenship (Investment) |
|
Other Provisions |
|
Citizenship by Exception |
|
Taxation Overview
Personal Tax Overview: Singapore 🇸🇬
Key information about personal taxation in Singapore
Taxation system
Territorial tax system
Personal Income Tax Rate (Up to)
24%
Tax Residency
Normal rule: 183 days
Special rule: No information
Special Tax Regime
No information
| From (SGD) | To (SGD) | Tax Rate |
|---|---|---|
| 0.01 | 20,000 | 0% |
| 20,000.01 | 30,000 | 2% |
| 30,000.01 | 40,000 | 3.5% |
| 40,000.01 | 80,000 | 7% |
| 80,000.01 | 120,000 | 11.5% |
| 120,000.01 | 160,000 | 15% |
| 160,000.01 | 200,000 | 18% |
| 200,000.01 | 240,000 | 19% |
| 240,000.01 | 280,000 | 19.5% |
| 280,000.01 | 320,000 | 20% |
| 320,000.01 | 500,000 | 22% |
| 500,000.01 | 1,000,000 | 23% |
| 1,000,000.01 | and above | 24% |
Dividend Tax
0%
Dividends are tax exempt.
Capital Gains Tax
0%
Capital gains are tax exempt in Singapore.
Property Rental Income
0%
Singapore properties are taxed at income tax level, and foreign properties are exempt from taxation.
Property Tax
Yes
Inheritance Tax
No
Wealth Tax
No
VAT
9%
CFC Laws
No
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