What are the advantages of Singapore company registration?
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Low tax rate: 17% for corporate income tax
Singapore Corporate Income Tax is levied on profits at a rate of only 171 TP3T, with a maximum tax exemption of SGD 125,000 per annum for the first 3 years of operation for newly established companies. For companies setting up international or regional headquarters in Singapore, the tax rate can be as low as 10% - 15%. In addition, Singapore has a single tax system, so shareholders do not have to pay tax on dividends received. -
International Financial Center, Free Foreign Exchange Market
Singapore is the world's fourth largest financial center with over 1,200 financial institutions. There is no foreign exchange control, currency exchange is free and banks have no restrictions on currencies and limits. The free and convenient international foreign exchange market makes it easier for companies to raise capital. -
Global hubs and trade centers, bilateral trade agreement protection
Singapore has a global transportation hub with the widest network of trade agreements in Asia, trading with about 600 ports, an airport linked to about 280 cities in more than 60 countries and territories around the world, and bilateral trade agreements with 123 countries and territories. -
Easier access to global markets and breaking through trade barriers
As a member of ASEAN, Singapore enjoys zero-tariff free trade among the 10 ASEAN countries. At the same time, the Singapore government has signed Free Trade Agreements (FTAs) and Investment Guarantee Agreements (IGAs) with a wide range of countries, including China, Japan, South Korea, the United States, India and other ASEAN members. Singapore companies and their products have easier access to the European Union and the United States markets, creating extremely favourable conditions for their international development and greatly enhancing their position and competitiveness in the global trade landscape.
