Singapore

Singapore

Location

Southeast Asian island city-state off the southern tip of the Malay Peninsula.

Economy

One of first 5 financial centers in the world. One of the least corrupt countries in the world. Highly developed market-based economy.

Language

English, Chinese and Bahasa Melayu。

Legal System

English common law
Singapore Company
Type Limited Company
Name End with ”Pte.Ltd. or Ltd.”.
Capital No requirement.
Share Prohibited to issue no value or bearer shares.
Share Index Yes
Registered Agent Yes
Registered Address Yes
Public Disclosure Yes
Min. Shareholder At least one
Min. Director At least one resident director required.
Disclosure of Shareholder Yes
Disclosure of Director Yes
Trading restriction No
Taxation  Income tax
Financial Statement Yes
Tax Returns Yes
Account Filing Yes
Audit Report Yes
Accounting Yes
Incorporation Cost USD 1,900
Annual Fee USD 1,800

 

 

Tax rate: %
* Footnote
Domestic Withholding Tax Rates for Singapore
Dividends: 0
Interest: 15
Royalties: 10 *

 

Treaty Partner Ownership Dividends * Interest Royalties
Albania -     0     5     5    
Australia -     0     10     10    
Austria -     0     5     5    
Bahrain -     0     5     5    
Bangladesh -     0     10     10    
Belgium -     0     5     3/5 *
Brunei -     0     5/10 * 10    
Bulgaria -     0     5     5    
Canada -     0     15     10 *
China -     0     7/10 * 10    
Cyprus -     0     7/10 * 10    
Czech Republic -     0     0     10    
Denmark -     0     10     10    
Egypt -     0     15     10 *
Estonia -     0     10     7.5    
Fiji -     0     10     10    
Finland -     0     5     5    
France -     0     10     0    
Georgia -     0     0     0    
Germany -     0     8     8    
Hungary -     0     5     5    
India -     0     10/15 * 10 *
Indonesia -     0     10     10 *
Ireland -     0     5     5    
Israel -     0     7     5    
Italy -     0     12.5     10 *
Japan -     0     10     10    
Kazakhstan -     0     10     10    
Korea (R.O.K.) -     0     10     10 *
Kuwait -     0     7     10    
Latvia -     0     10     7.5    
Libya -     0     5     5    
Lithuania -     0     10     7.5    
Luxembourg -     0     10     10    
Malaysia -     0     10     8    
Malta -     0     7/10 * 10    
Mauritius -     0     0     0    
Mexico -     0     5/15 * 10    
Mongolia -     0     5/10 * 5    
Myanmar -     0     8/10 * 10 *
Netherlands -     0     10     0    
New Zealand -     0     10     5    
Norway -     0     7     7    
Oman -     0     7     8    
Pakistan -     0     12.5     10    
Panama -     0     5     5    
Papua New Guinea -     0     10     10    
Philippines -     0     15     0/10 *
Poland * -     0 * 10 * 10 *
Portugal -     0     10     10    
Qatar -     0     5     10    
Romania -     0     5     5    
Russia -     0     7.5     7.5    
Saudi Arabia -     0 * 5 * 8 *
Slovakia -     0     0     10    
Slovenia -     0     5     5    
South Africa -     0     0     5    
Sri Lanka -     0     10     10 *
Sweden -     0     10/15 * 0    
Switzerland * -     0 * 10 * 5 *
Taiwan -     0     15 * 10 *
Thailand -     0     10/15 * 10 *
Turkey -     0     7.5/10 * 10    
Ukraine -     0     10     7.5    
United Arab Emirates -     0     7     5    
United Kingdom * -     0 * 10 * 10 *
Uzbekistan -     0     5     8    
Vietnam * -     0 * 10 * 5/10 *
Note 1: The 15% rate applies provided the income is not derived by the nonresident through its operations carried out in or from Singapore. Where operations are carried out in or from Singapore, interest will be taxed at the prevailing corporate tax rate.
Note 2: Singapore does not levy withholding tax on dividends.
Note 3: The 10% rate applies provided the income is not derived by the nonresident through its operations carried out in or from Singapore. Where operations are carried out in or from Singapore, royalty income will be taxed at the prevailing corporate tax rate.
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