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Epica FAQ Series

Do foreign companies that are incorporated in Singapore enjoy tax incentives?

Corporate Income tax

Do foreign companies that are incorporated in Singapore enjoy tax incentives?

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$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

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