The Singapore company, a joint stock company, has a wide range of applications and possible uses. It is normally used for holding and trading purposes.
The share capital is minimal, usually Singapore Dollars 1.00. The shares are always registered shares.
With regard to corporate tax, Singapore makes no distinction between onshore and offshore structures – all companies are taxed at a uniform rate of 17 per cent.
This tax is only collected on income generated in Singapore and foreign revenue which is transferred to Singapore.
Revenue which is generated abroad and stays abroad is not taxed. Capital gains are not taxed and no tax at source (withholding tax) is levied on dividends.
A Singapore company can take advantage of the numerous double taxation agreements that Singapore has concluded with other countries.
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