Doing Business in Singapore

Considering Singapore as a potential location for your business is a smart choice. In 2016, Singapore has once again been ranked as No.1 in the world for its ease of doing business for its 10th consecutive year by The World Bank.

Singapore: the easiest place to do business in the world

Singapore offers many outstanding advantages:

  • A highly qualified workforce, 
  • A strategic location in Asia, 
  • A stable political environment, 
  • Low tax rates, 
  • Business friendly legislation, 
  • Significant investment incentives, 
  • World class infrastructure with top ranking port and airport, 
  • Member of ASEAN, 
  • A high quality of life with top level international schools and a state of the art medical environment. 

Get your free copy of the Mazars’ Doing Business in Singapore Guide 2016/2017

This guide offers you an overview of the main features of Singapore as a potential location for your business.

This guide is meant to be a practical resource and will be updated regularly. Of course, we will be more than happy to provide you with any further information that you need so please feel free to contact us. You can find our contact details on the last page of this guide.

We are looking forward to welcoming you to Singapore. In the meantime, we hope you enjoy our Guide.

The Mazars Team

Download Mazars' latest Doing Business in Singapore guide

Choosing the Right Business Structure in Singapore

Business activities may be carried out through a Singapore incorporated company, a branch registered under the Singapore Companies Act, a sole proprietorship, a partnership or a limited liability partnership. Representative offices may also be established but conditions apply.

Corporate Taxation

A corporation is generally liable for Singapore income tax on all income accruing in, or derived from Singapore, as well as foreign sourced income remitted or deemed remitted into the country.

Goods and Services Tax (GST)

GST is a tax on domestic consumption. It is a form of value added tax, which applies to goods and services supplied in Singapore by businesses in Singapore, and to goods and services imported into Singapore.

Immigration Requirements

Foreign nationals intending to enter Singapore to take up employment or to engage in business must obtain the relevant pass from the Ministry of Manpower.

Other Indirect Taxes

Other indirect taxes are not significant except for excise duties mainly on tobacco and liquor, betting duties and various duties related to vehicle ownership.

Personal Taxation

In general, individuals are liable to Singapore income tax only on income accruing in or derived from Singapore.

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