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Singapore

Singapore Flag

Country: Singapore
Region: Asia-Pacific
Currency: Singapore dollar (SGD) (S$)
Languages: English, Malay, Chinese, Tamil
Time Zone: UTC +8

Phone Code: +65

Communications: Very Good

Formation Cost: 1300 - 2500 USD$
Formation Time: 2 - 4 days
Maintenance cost: 800 - 1400 USD$

Executive Summary: Singapore offers generous tax incentives to companies that locate their global or Asia-Pacific regional headquarters there. It has excellent telecommunications and good transport links. The Port of Singapore is the world’s largest in terms of total shipping tonnage, transhipment and containers. It offers tax advantages and financial incentives to Singapore-registered vessels under various schemes and funds. Banking secrecy remains enshrined in Singapore law, with heavy penalties for wrongful disclosure of financial details or accounts. It is one of the world’s fastest growing banking centres. Companies benefit from a plethora of tax incentives, aimed particularly at start-ups and the technology sector. Professional services are efficient and not unduly costly. English is the business language alongside Chinese.

Suitable for: Wealth Management, Treasury Management, Banking, Insurance, Fund Management, Shipping, Aviation, Yachting, Trading Goods, Trading Financial, Intellectual Property/Licensing, Holding Companies, E-commerce
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, trusts, sole proprietorships, branches, general partnerships and limited partnerships

Capital primary business districts: Singapore

Good Relationships: China, India, United States

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 17%, PIT 2%-20%, VAT 7%

Treaty Jurisdictions: Albania, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Brunei, Bulgaria, Canada, China, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Fiji, Finland, France, Georgia, Germany, Guernsey, Hungary, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Kazakhstan, Korea, Republic of, Kuwait, Latvia, Libya, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Mongolia, Myanmar, Netherlands, New Zealand, Norway, Oman, Pakistan, Panama, Papua New Guinea, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, Uzbekistan, Vietnam

TIEA Jurisdictions: Bermuda

Information Links:

 

 

 

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