Singapore Types of Company:

For resident corporations Singapore is not particularly tax-friendly: The corporation tax rate is 20% and it is charged on all income derived from sources in Singapore, together with income from sources outside Singapore if received in Singapore. In place of VAT and import duty Singapore levies a 3% Goods & Services Tax from which exporting businesses are exempted. There are however a number of beneficial tax regimes available to the international investor, described on other pages.

Singapore is setting out to be a major 'conduit' country for Indian FDI. In April 2006 India responded positively to Singapore's request to broaden the scope of the CECA [Comprehensive Economic Cooperation Agreement] the two countries signed in 2005.

Version date: 07.05.06