10 Things you should know
Find the answers to your questions about how to set up or how to do business in Singapore here.
Doing Business in Singapore
When you decide to invest in Singapore, you will discover many advantages which include:
10 Things you should know about Doing Business in Singapore
Here are some key things to keep in mind when doing business in Singapore
There are various types of business structures available in Singapore.
Learn more about the business structures
The corporate income tax rate in Singapore is 17%. A partial tax exemption applies on chargeable income (excluding Singapore franked dividends) up to $200,000.
Learn more about corporate taxation
Another tax you need to be aware of is the GST. From 1 January 2023, Singapore has increased its GST rate from 7% to 8%. It will subsequently be increased to 9% with effect from 1 January 2024.
Overseas suppliers with a global turnover exceeding S$1 million, who supply digital services to customers in Singapore (B2C) exceeding S$100,000, are required to register for GST in Singapore.
Learn about other indirect taxes
Singapore has a business-friendly immigration policy, attracting quality talent from around the globe.
There are a range of work passes and schemes available for foreign nationals including:
Learn about employment & immigration requirements
Employers are required to make CPF contributions for employees who are Singapore Citizens and Singapore Permanent Residents (SPRs) at prevailing CPF contribution rates.
Read our comprehensive 2023 guide to learn more.
Learn about social security in Singapore
Access the guide by filling in the form below.
Do you have any questions for us about Doing Business in Singapore?
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