Epica FAQ Series
Do foreign companies that are incorporated in Singapore enjoy tax incentives?
Corporate Income tax
Singapore government provides several tax incentives to different industries with the intention of encouraging the flow of foreign capital into Singapore. These tax incentives are usually in the form of decreased corporate tax rates.
Several examples are:
| Arts & Antique Dealers | 10% |
| Asian Currency Unit | 10% |
| Commodity Derivatives Trader | 5% |
| Cyber Trader | 10% |
| Finance & Treasury Centre Co. | 10% |
| Financial Sector Incentive Co. | 5%/10% |
| Fund Manager | 10%/exempt |
| Headquarters Co. | 10% |
| Insurance & Re-Insurance Co. | 10%/exempt |
| International Commodity Trader | 10% |
| Members of Commodity Futures Exchange | 10% |
| Offshore Leasing | 10% |
| Oil Trader | 10% |
| Pioneer/Incentive Co. | Exempt/various |
| Securities Company | 10%/exempt |
| Trustee Company | 10% |
Also, a reduced rate of tax is applied for the company, for the first three years of operations. However, this incentive is available only for those companies which are resident in Singapore.
Foreigner Package
New Company Setup
S$2,400
Local Package
New Company Setup
S$1,100
Transfer Package
Existing Company
S$1,000
Singapore Branch
New Branch Setup
S$4,000
Representative Office
New Setup
S$2,500
BVI Company
Singapore Bank Account
US$2,200
