What is the tax situation of starting a company in Singapore?

1, you can immigrate and settle in Singapore.

Singapore is a "garden city" with a large number of local Chinese, and it is one of the first places for domestic immigrants. After registering and establishing a Singapore company, under certain conditions, you can get a Singapore green card through self-employed immigrants, and the whole family immigrates to Singapore to enjoy the medical care, pension and loan welfare programs of the Singapore government.

2. It is beneficial to the development of international trade.

Using global trade and re-exporting to countries around the world through Singapore can avoid trade barriers. At the same time, it is more conducive to expanding the ASEAN market. Now the government advocates the Belt and Road Initiative, and many entrepreneurs like to invest in Southeast Asia and Europe. Singapore has signed double taxation avoidance agreements with 100 countries, registered companies in Singapore, and then invested in other countries. Basically, after paying taxes in other countries, there is basically no need to pay taxes when profits return to Singapore.

3. Low taxes

Singapore is one of the countries with the lightest tax revenue in the world, and there is no need to pay taxes to obtain profits abroad; Local businesses enjoy a low tax rate of 0- 17%; As long as foreign businessmen meet the requirements, they can get different levels of tax relief. Many trading companies transit through Singapore, leaving part of their profits in Singapore to manage their money or use their funds rationally. In addition, dividends paid by shareholders of Singapore companies are tax-free, and individuals do not need to pay taxes when they get dividends from shareholders, which is a point that many entrepreneurs attach great importance to.