AMICORP SINGAPORE PTE. LTD.

Amicorp Singapore
Singapore offers many benefits, including an excellent legal and financial infrastructure, a strategic geographic location, and the status of a global financial and commercial center. This is evidenced by the impressive growth of Singapore’s banking system, particularly in financial markets and private banking. Singapore is also superbly supported by a well-developed professional infrastructure and a proactive business-friendly local government.

Legislation has also played a key role in Singapore’s importance. The territorial taxation system taxes only income sourced in or actually remitted to Singapore.

The current corporate tax rate is 17% on all income sourced in Singapore or received in Singapore from outside sources. Singapore also has a network of 54 double income tax treaties.

Singapore private limited companies include the following benefits:

  • No withholding taxation on dividends paid from Singapore;
  • No capital gains taxation on investments;
  • Non-Singapore domiciled individuals can avoid Singapore estate taxation;
  • Shares may be held in a trust;
  • No audit requirements for private exempt companies;
  • Foreign-sourced income remitted to the Singapore head office may be exempt from taxation.

The Singapore LLP is a relatively new entity that provides attractive international structuring possibilities for holding and trade purposes. Taxation occurs at the level of the LLP’s members (the shareholders), not at the LLP itself. The LLP can be used for private investments, international trading, and rendering services without incurring any Singapore income tax.

Languages spoken: English, Mandarin, Cantonese, Indonesian, Dutch, Hindi, Urdu, Russian, Filipino, French, Spanish, Portuguese, Malaysian, and Japanese

For more detailed information about Amicorp’s service offering, our commitment to global transparency and compliance, and Amicorp’s own four pillars of Assurance, please visit our Services page.