Countries / Singapore
Singapore is a sovereign city-state and island country located in maritime Southeast Asia. It is the most developed sovereign nation in Asia, being ranked 9th on the UN Human Development Index, and has the 7th highest GDP per capita in the world.
Singapore considered the most incorruptible nation in Asia and the fifth most incorruptible worldwide. Singapore is placed highly in key social indicators: education, healthcare, quality of life, personal safety, and housing,. In 2016, Singapore is rated the world's most expensive city for the third consecutive year by the Economist Intelligence Unit.
The Singaporean economy is known as one of the freest, most innovative, most competitive, most dynamic and most business-friendly. The Index of Economic Freedom ranks Singapore as the second freest economy in the world and the Ease of doing business index has also ranked Singapore as the easiest place to do business for the past decade.
Cost of Life
Residency Programs (1)
Countries with a territorial taxation system only levy income tax from local income. Foreign income usually won't be taxed by that country.
Personal Income Tax (PIT)
Progressive tax up to 22% above 320,000 SGD (221,485 USD).
- Singaporean income, if resident
- Singaporean director's fees, if resident
Personal Income Tax (PIT) on Foreign income
- Foreign income, if resident
- Worldwide dividends, if resident
Non Resident Director's Tax
Flat tax of 22%.
- Singaporean director's fees, if non-resident
Rates Year of Assessment