Immigrating to Singapore can enjoy a low-tax welfare life.

Singapore implements a regional tax system and is recognized as one of the countries with the lowest tax rate in the world. Therefore, many high-net-worth people are willing to immigrate to Singapore and enjoy a low-tax welfare life. In terms of personal income tax, Singapore immigrants implement a progressive tax rate system, and the personal income tax rate remains between 0-20% except for personal income tax relief. 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 productivity and innovation credit plan, enterprises can get 400% tax relief on their expenditures on six major projects, with the upper limit of each expenditure item being 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. Singapore? Tax haven? Its advantages attract entrepreneurs from all over the world.