Singapore
Asia-Pacific private limited company with 17% corporate tax, startup exemptions, and no capital gains tax.
Key Benefits
ACRA processes most registrations within 1–3 business days via BizFile+, with government fees totalling just S$315.
Singapore does not impose capital gains tax, and dividends are tax-free in shareholders' hands under the one-tier taxation system.
New companies enjoy a 75% exemption on the first S$100,000 and 50% on the next S$100,000 of chargeable income for their first three years of assessment.
Consistently ranked among the world's top jurisdictions for ease of doing business, with a transparent legal system and gateway access to ASEAN and Asia-Pacific markets.
No local shareholding requirement. Foreign entrepreneurs can fully own and operate a Singapore Pte Ltd with no restrictions on profit repatriation.
Tax Overview
Corporate Income Tax
Flat rate on chargeable income. Startups qualify for 75% exemption on the first S$100,000 and 50% on the next S$100,000 for the first three years. YA 2026 CIT rebate: 40% of tax payable, capped at S$30,000.
Capital Gains Tax
Singapore does not impose capital gains tax. Dividends are also tax-free to shareholders under the one-tier taxation system.
GST
Goods and Services Tax applies at 9%. Mandatory registration if annual taxable revenue exceeds S$1 million. Certain financial services and real estate transactions are exempt.
Withholding Tax
Interest: 15%, royalties: 10%, service fees: 17%, non-resident director pay: 24%. Reduced rates may apply under Singapore's extensive double-tax treaty network. No WHT on dividends.
Formation Process
Collect director and shareholder identification, select SSIC activity codes, and confirm corporate structure and nominee requirements.
Reserve company name via ACRA BizFile+ (S$15 fee). Approved names are held for 120 days.
Submit incorporation application via BizFile+ (S$300 fee). Straightforward applications are typically approved within 15 minutes to 1 business day.
Set up the Register of Registrable Controllers (mandatory from day one since June 2025), file with ACRA Central RORC, and deliver the digital corporate pack.
Pricing
Formation Package
$1,500
Annual Maintenance
$3,500/year
Add-ons
Formation of a Singapore Pte Ltd in Singapore typically takes 1-3 business days once KYC documents have been submitted and verified.
The formation package starts at $1,500. Annual maintenance is $3,500/year. All-inclusive — no hidden fees.
Singapore applies the following taxes to this entity type: Corporate Income Tax: 17% (Flat rate on chargeable income. Startups qualify for 75% exemption on the first S$100,000 and 50% on the next S$100,000 for the first three years. YA 2026 CIT rebate: 40% of tax payable, capped at S$30,000.). Capital Gains Tax: 0% (Singapore does not impose capital gains tax. Dividends are also tax-free to shareholders under the one-tier taxation system.). GST: 9% (Goods and Services Tax applies at 9%. Mandatory registration if annual taxable revenue exceeds S$1 million. Certain financial services and real estate transactions are exempt.). Withholding Tax: 0–17% (Interest: 15%, royalties: 10%, service fees: 17%, non-resident director pay: 24%. Reduced rates may apply under Singapore's extensive double-tax treaty network. No WHT on dividends.).
The package includes: Company name reservation via BizFile+, SSIC code selection and activity scoping, Incorporation filing with ACRA, Certificate of Incorporation and BizFile profile, Constitution (Memorandum and Articles) drafting, Register of Registrable Controllers (RORC) setup, Nominee resident director (if required), Registered office address in Singapore (year 1), Digital corporate document pack.
Form your Singapore Pte Ltd in Singapore and have your entity ready in 1-3 business days.
Entity Engine is a private facilitation platform, not a government agency or law firm. Information is general only (not legal/tax advice). Filings are completed by regulated third-party partners. Terms.