Open an offshore account

SINGAPORE

In the top 10 of least taxed countries in the world.

Details

Country Name: Singapore
Location: Pacific
Best for: Banking – Tax

You will benefit from a no tax on dividends nor on capital gains, and many tax credits and exemptions.

Why open a Bank Account in Singapore?

The State of Singapore has signed non-double taxation agreements with various countries, including France. Indeed, since October 3, 1975, in order to avoid double taxation and to prevent tax evasion, each French and Singaporean citizen can be taxed directly on his income or profits. This tax convention evokes precisely the scope and the different conditions to define its fiscal residence.

Instant Results

The Singaporean government advocates a relatively attractive jurisdiction, through fiscal incentives in particular, to promote the development of investment and trade on its territory.

Start-ups can benefit from unpublished tax exemptions by not paying taxes for the first three years of existence.

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Analysing Our Problem

Generally, nationals who have resided in Singapore for less than 60 days are considered non-resident Singaporeans and are then exempt from tax in that territory. However, nationals who have lived between 60 and 183 days are also declared non-resident, but are subject to a tax rate of 15%. Finally, nationals who have stayed for more than 183 days in Singapore have resident status and are then subject to a progressive tax rate of 0 to 20%.
It is essential to know the laws in force on the chosen territory. That’s why a good knowledge of the global banking sector is vital to yourself or your business.

Creating A Custom Solution

VAT on goods exports and international services is 0%. The Singaporean government advocates a relatively attractive jurisdiction, through fiscal incentives in particular, to promote the development of investment and trade on its territory. Start-ups can benefit from unpublished tax exemptions by not paying taxes for the first three years of existence. Other tax allows, for example, to invest massively and serenely in Research and Development, with relatively large compensation. In general, the corporate tax remains relatively low with a rate of 17%. The standard tax is estimated at 7%, Singapore ranked tenth among the least taxed countries in the world.

The Results

Structuring your business for better financial performance.

Increase In Profits

Increase IN Security

Simplified Reporting

Decrease in Operations

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About Singapore

Mainly based on services, specifically banking and financial, Singapore’s economy is one of the most promising in its region and in the world. The tertiary sector represents for nearly 75% of its GDP, and permits the employment of nearly 75% of the population.

Moreover an open world economy, Singapore offers an exceptional and relatively attractive tax landscape for foreigners.

Our Process
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Identification of your needs, consultation.

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Analysis and strategy development.

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Fast and smooth service delivery.

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Professional support.

CALAY Guarantee

CALAY Banking™, with its more than 20 years experience in offshore banking, can help you in this process and guarantee you the opening of an account quickly.

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