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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 πΈπ¬
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