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 3,300 |
| Annual Fee | USD 3,200 |
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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