Advantages of Singapore Company:
Registration Process: Simple and efficient incorporation process requiring only one local director. Minimum paid-up capital of SGD 1 with flexible capital contribution schedule
Tax Benefits: Extensive network of tax agreements with multiple countries
Tax Incentives:
- 75% tax exemption on first SGD 100,000 of chargeable income for first 3 years
- 50% exemption on next SGD 100,000
- Corporate tax rate of 17%
- No personal income tax on shareholder dividends
Customs and GST:
- Most imported goods are duty-free
- Zero-rated GST for international logistics and insurance services
- Current GST rate at 7%, reducing operational costs
Financial Freedom:
- No foreign exchange controls
- Unrestricted profit repatriation and capital raising options
Business-Friendly Environment:
Various business incentive schemes including:
- Regional Headquarters (RHQ) Program
- Global Trader Program (GTP)
- Government grants to enhance market competitiveness
Immigration Benefits:
- Entrepreneur visa options
- Pathway to permanent residency through business operation
