Singapore is one of the most business-friendly countries in the world, known for its stable economy, strong banking infrastructure, and attractive corporate tax system. With low taxes, 100% foreign ownership, and a strategic location, Singapore serves as a prime destination for global entrepreneurs, startups, and multinational corporations looking to establish a strong presence in Asia.
With one of the easiest company formation processes, entrepreneurs can incorporate their businesses in as little as 1-2 days while benefiting from tax incentives, a robust legal framework, and an international reputation.
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Dubai mainland offers businesses flexibility, full market access, and growth opportunities. Some key benefits include:
✔️ Low Corporate Tax Rate – Standard 17% corporate tax, with effective rates as low as 8.5% on the first SGD 200,000 of profits.
✔️ No Capital Gains Tax – Profits from stock sales, real estate investments, and business transactions are completely tax-free.
✔️ 100% Foreign Ownership – No local sponsor or shareholder is required. Entrepreneurs can retain full control over their business.
✔️ Strong Banking & Financial Services – Access to world-class banking, fintech solutions, and business credit options.
✔️ Double Taxation Agreements (DTAs) – Singapore has tax treaties with over 80 countries, reducing withholding taxes on cross-border transactions.
✔️ Strategic Global Location – Singapore is a major business and trade hub, providing access to Asia-Pacific markets.
✔️ Pro-Business Environment – Ranked #1 in Asia for ease of doing business by the World Bank.
Singapore’s tax-friendly regime is a key draw for high-net-worth individuals and investors. Key features include:
Corporate Tax Rate: A flat 17% rate, with partial exemptions:
75% exemption on the first SGD 10,000 of taxable income.
50% exemption on the next SGD 190,000, resulting in effective rates as low as 8.5% for profits up to SGD 200,000.
No Capital Gains Tax: Zero tax on profits from investments, real estate, or business sales.
No Dividend Withholding Tax: Dividends paid to shareholders are tax-free, ideal for holding companies.
Double Taxation Agreements: Over 80 DTAs reduce withholding taxes on international transactions.
Startup Tax Exemption (SUTE): Qualifying startups enjoy full tax exemptions on the first SGD 100,000 of taxable income for their first three years.
Global Trader Programme (GTP): Reduced tax rates (5–10%) for trading companies with significant international operations.
No Wealth or Inheritance Tax: Ensures long-term financial stability for individuals and families.
At Emifast, our tax optimization services help you structure your business to maximize these benefits. Our experts provide tailored strategies to minimize tax liabilities while ensuring compliance with Singapore’s Inland Revenue Authority (IRAS) regulations.
Setting up a business in Singapore is streamlined with Emifast’s expert support. Follow these steps:
Choose Your Business Activity: Select your sector, such as technology, e-commerce, finance, or logistics, ensuring alignment with Singapore’s Economic Development Board (EDB) priorities.
Select Your Business Structure: Choose from Private Limited Company (Pte Ltd), Branch Office, Subsidiary, or Representative Office based on your needs.
Submit Required Documents: Provide a passport copy, proof of address, and application forms for ACRA registration. Our team will guide you through requirements, including appointing a local director.
Obtain Approvals: Secure registration and a Unique Entity Number (UEN) from ACRA, along with sector-specific licenses if required.
Set Up Banking and Operations: Open a corporate bank account and begin operations in Singapore.
Singapore offers unique advantages, but other jurisdictions may suit specific business needs:
Singapore vs. Indonesia: Singapore provides advanced financial infrastructure and a 17% tax rate, while Indonesia offers a larger consumer market and SEZ incentives.
Singapore vs. Cyprus: Singapore excels in Asia-Pacific access, while Cyprus offers EU membership and a 12.5% tax rate.
Singapore is ideal for high-growth businesses, global entrepreneurs, and asset protection strategies. It is particularly suited for:
Singapore has one of the most attractive tax regimes in the world:
Decide between a Private Limited Company (Pte Ltd), LLP, or Sole Proprietorship.
Submit your proposed company name to Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
At least one director must be a Singapore resident (we provide nominee director services if required).
Prepare and submit documents such as the Memorandum & Articles of Association (M&AA).
We assist with opening Singapore-based and offshore business bank accounts.
Companies earning more than SGD 1 million per year must register for GST (VAT).
We provide end-to-end business setup solutions tailored for global entrepreneurs and investors, including:
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