Malaysia Hotline: +603- 2141 8908
Extensive double tax treaties
Singapore
has an extensive network of double tax agreements (DTA) with more than 70
countries across the globe. The key benefits of a DTA are a) the avoidance of
double taxes, b) lower withholding taxes, and c) preferential tax regime, all
of which play an important role in minimizing the tax burden for a holding
company structure.
Attractive tax regime
Singapore’s
tax system is viewed as “simple and investor friendly”. The highest corporate
tax rate on taxable income is 17%. The tax on capital gains and dividend income
is 0%. No withholding tax is levied on post-tax dividends paid from Singapore.
Equally important, all foreign-sourced income is tax exempt as long as the
income has been subjected to tax in a country with a headline tax rate of at
least 15%.
Strategic location with superb connectivity
Singapore
has a unique advantage in its geography. The country is strategically located
at the crossroads of the main trade and shipping routes of the world, including
the major sea route between India and China. Travel to most Southeast Asian
countries consists of a short air flight.
Availability of skilled and multilingual
workforce
Singapore’s
business environment has proven to be highly attractive to skilled and
ambitious workers from across the globe. The fast-paced innovative working
environment, together with a large local pool of Singapore talent, has only
served to reinforce the country’s reputation as having one of the most
productive and motivated workforces in the region. This has been proven by
rankings in the IMD World Competitiveness Yearbook.
Excellent IP protection regime
Singapore
provides a robust intellectual property (IP) rights regime, backed by a trusted
legal system and strong IP infrastructure. The government’s IP policy is
attuned with the aim of encouraging innovation, creativity and growth of
industry and commerce in Singapore. The
IP regime has been recognized by the World Economic Forum’s Global Information
Technology Report 2012 as the top Asian regime for the protection of IP.
Despite the high international rankings, additional initiatives by the
government are underway to improve the country’s IP landscape further and build
it as Asia’s IP hub.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my