Competitive Corporate Tax Rates: Singapore has one of the lowest corporate tax rates in the world at 17%.
No Dividend Tax: There's no tax on dividends paid to shareholders.
No Capital Gains Tax: Profit from the sale of company assets isn't taxed.
Tax exemption for newly incorporated companies: Newly incorporated companies enjoy tax relief for the first three consecutive years on their first S$200,000 of chargeable profits.
Business-Friendly Environment: Ranked by World Bank as the second easiest place to do business.
7%
VAT Tax rate
22%
Income Tax rate
Annually
Submission of accounting statements
1000 SGD
The minimum amount of the authorized capital
Features