Singapore introduced a new scheme for new start-up companies. This was to support entrepreneurs and help them grow,
This scheme allows newly incorporated companies S$75,0000 exemption on first S$100,000 of their chargeable income.
You are qualified for Start-Up Tax Exemption (SUTE), even if all shareholders are foreigners.
These are the conditions applied to it:
New Company Setup
New Company Setup
Existing Company
New Branch Setup
New Setup
Singapore Bank Account