About Singapore's Tax System
Singapore, located in Asia, offers a territorial tax system. Under a territorial tax system, only income earned within the country's borders is subject to taxation, making it an attractive destination for international entrepreneurs and digital nomads.
With a corporate tax rate of 17% and a top personal income tax rate of 22%,Singapore ranks among the more tax-friendly jurisdictionsin our World Tax Index with an overall score of 82/100.
Tax Information
17%
Headline rate is 17%, with significant exemptions for startups.
22%
TerritorialTop marginal rate for residents is 22%.
Economic & Investment Climate
Measures how often a country's tax regulations have changed over the last decade. Higher score means more predictable tax environment.
Indicates how independent the country's tax system is from global pressures. Higher score means more control over own tax policies.
A measure of the country's overall economic health and predictability, based on GDP growth, inflation, and sovereign credit ratings.
Reflects the safety and security of investments in the country, considering factors like legal protections for investors and political risk.
Based on perceived levels of public sector corruption. Higher score indicates a cleaner, more transparent business environment.
Rates the value of special programs offered, such as tax-free periods for new residents or designated economic zones. Higher score means more attractive incentives.
Investment & Residency Programs
Singapore offers residency programs for foreign investors looking to establish a presence in the country.
Minimum Investment
SGD 10,000,000
Investment Type
Business Investment, Investment Funds
Minimum Stay
Must reside in Singapore.
Special Conditions
Known as the Global Investor Programme (GIP); for established entrepreneurs.
Citizenship Pathways
Singapore offers citizenship through ancestry or bloodline connections.
Rule
Jus Sanguinis (Right of Blood)
Conditions
A child born overseas is a citizen by descent if either parent is a Singapore citizen. However, if the parent is a citizen *by descent* themselves, they must have lived in Singapore for 2 of the 5 years before the child's birth.
Singapore's policy on birthright citizenship.
Rule
Conditional Jus Soli (Right of Soil)
Conditions
A child born in Singapore automatically receives citizenship only if at least one parent is a citizen of Singapore.
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