Tax policies that immigrants need to know when they go to Singapore.

As the first and most accurate research report on China's investment and immigration industry so far, the introduction points out that Singapore has become one of the most suitable countries to attract the world to do business because of its outstanding commercial achievements, superior geographical location and extraordinary creativity. The following are the tax policies you need to know when you immigrate to Singapore. Welcome to read!

Tax policies that immigrants need to know when they go to Singapore

1, a low-tax paradise for the global rich.

Singapore implements a progressive tax rate system and is recognized as one of the countries with the lowest tax rate in the world. The personal income tax rate is maintained at 0-20% except for personal income tax deduction. As a free port where goods, services and capital flow, there is no foreign exchange control and capital gains tax, capital gains tax and inheritance tax. At present, the corporate profits tax is only 17%, and the regional tax system is implemented (that is, overseas income is not taxed). According to the statistics of Singapore Inland Revenue Department, among the more than 5 million people in Singapore, more than 80% pay taxes between 0 and 2% of the total income.

In Singapore, income from sources outside Singapore does not need to be taxed, and it is also exempt from capital gains tax and property tax. Anyone who lives in Singapore or performs his duties for 183 days becomes an immigrant resident of Singapore. Residents should pay income tax on their income generated or originated in Singapore or remitted abroad.

Non-resident individuals who have been employed in Singapore for no more than 60 days in a calendar year are exempt from personal income tax, except those who are directors, entertainers and interns in Singapore. Non-resident individuals pay income tax at the rate of 15% only for their income obtained in Singapore, or at the resident individual income tax rate, whichever is higher, but may not apply for personal income tax reduction or exemption.

The collection scope of individual income tax for investment immigrants in Singapore includes employment income, business income, dividends, interest, pension, rent, royalties, insurance compensation income, property income and so on. Tax-free income includes pensions, pensions and gifts between individuals.

In terms of corporate tax, Singapore is one of the developed countries with the lowest corporate tax rate, only 17%. Income earned by local enterprises and foreign enterprises in Singapore, income from Singapore or overseas income earned in Singapore are subject to tax. When making tax assessment, it is based on the income of the previous year.

The Singapore government gives enterprises a one-time 20% corporate income tax rebate, with an upper limit of 6,543,800 yuan, or gives SMEs a cash subsidy of up to 5,000 yuan. According to the preferential plan for productivity and innovation, the tax deduction of enterprises' expenditures on six major projects is 400% of their expenditures, and the upper limit of each expenditure item is 400,000 yuan. In addition, enterprises can also get a cash subsidy of up to 30,000 yuan.

In addition, Singapore has no inheritance tax and is exempt from global double taxation.

2. The explanation of the source of funds is relatively simple.

If the source of funds is strictly explained, the Singapore Immigration Bureau has only a general understanding of the "first bucket of gold" of immigrant applicants. With the Swiss financial industry no longer providing absolute protection for the property privacy of the rich, Singapore's banking industry is more favored by high-net-worth individuals around the world because of strict implementation of the bank secrecy law. Singapore has gradually changed from an "Asian tax haven" to a "global tax haven".

3. The unique advantages of human geography.

Apart from the temptation of a low-tax paradise, Singapore, as the core of the Asia-Pacific region, directly radiates the geographical advantages of the entire Asian economy and obviously plays a great role. In addition, Singapore is a bilingual country, with Chinese accounting for more than 70%. Its geographical location is closer to China, and its overall cultural environment is suitable for China investors.

Extended reading: four advantages of immigrating to Singapore

1. Barrier-free language communication

I believe that many people immigrate to other countries' languages is a big obstacle. Foreign immigrants can't communicate well with local people, so they have few friends. Children without good friends can easily bring some trauma to their bodies and minds. Singapore immigrants are completely different. Seventy percent of Singapore is Chinese. People in China communicate in Chinese, and their living habits and lifestyles are no different from those in China. Therefore, the life after immigration can be completely unchanged.

2. Personal information security

Singapore has a good law and order, strict laws and strict law enforcement. Applicants do not have to worry about the safety of funds at all, and the safety of other Swiss personal assets is similar.

3. The tax burden is low and there is no inheritance tax.

Singapore collects taxes by region, and the tax burden is very low. Overseas income does not need to be declared and taxed, and the inheritance of parents' legacy children does not need inheritance tax.

4. Good business environment

Singapore can be said to be a trade transit point in Asia. Bilateral trade with the United States is free and there are no tariffs. If the applicant sets up a trading company in Singapore, it can have a very low export tariff cost and make the operating profit higher.

Singapore is a country with high welfare, and its education, science, culture and economy are also developed. It implements compulsory education from primary school to the whole middle school stage, including compulsory education in high school. Public hospitals provide free medical care and good housing benefits.

Further reading: investment scheme of Singapore investment immigrants

People who immigrate to Singapore will choose investment immigration, so what are the conditions for applying for investment immigration in Singapore? It must be a concern of people who go abroad.

First, apply for qualification.

The outstanding advantage of Singaporean investment immigrants is that they can obtain unconditional permanent resident status after successful application, and investors can stay in China to take care of their domestic and foreign business. However, its application conditions are still harsh.

Second, the investment plan

Scheme A: Invest at least S $2.5 million to develop new business or expand existing business.

Option B: Invest at least S $2.5 million in a fund approved by the Singapore government.

Qualifications: Applicants who immigrate to Singapore for investment must be business owners, have more than 3 years business background and own shares in the company (there are certain requirements for the turnover and shareholding of the applicant's company). Secondly, investors should make detailed investment plans (investment funds are not necessary), and require to invest at least S $2.5 million to develop new business, or expand existing business, or invest at least S $2.5 million in funds approved by the Singapore government. Within five years from the date of investment, the investment funds shall not be withdrawn or the relevant equity shall be transferred, and the stocks or funds shall be entrusted by the government.

In addition, investment immigrant applicants need to: 1) set up a company in Singapore and recruit at least 5 Singaporean citizens to work. 2) In Singapore, the company must set aside more than S $6.5438+0 million every year. 3) The principal applicant, spouse or children need one of them to have lived in Singapore for 2.5 years within 5 years.

If the applicant's family meets the above conditions of 1 and 2, the Singapore Immigration Bureau will issue a five-year return visa to the applicant's family. If the applicant's family can only meet one of the above 2 and 3, the Singapore Immigration Bureau can only issue a three-year return visa to the applicant's family.