Phoenix Accounting Singapore provides accounting, tax, audit, and advisory services in Singapore. This guide addresses common questions regarding company incorporation, visas, corporate tax, and GST. If you have any questions about expanding into Singapore or managing your business here, please feel free to contact us.
To operate a business in Singapore, a company must first be incorporated. (For Singapore citizens and permanent residents, a sole proprietorship is also possible.)
The process begins with obtaining approval for the company name, followed by the submission of incorporation documents.
When conducting business in Singapore, employing foreigners (including Japanese nationals), or accompanying family members on an overseas assignment,
choosing the appropriate visa is an essential first step to starting life in Singapore.
This section begins with a comparison of the main visas, followed by a detailed explanation of the Employment Pass (EP).
The corporate tax rate in Singapore is 17%, making it one of the lowest in the world.
With partial tax exemptions and frequent special schemes, the effective tax rate becomes even lower.
Compared to Japan, the corporate tax burden in Singapore is significantly lighter.
Equivalent to Japan’s consumption tax, the standard GST rate is 9% from 2024 onwards.
The invoice system is applied, and companies that are not registered GST taxpayers cannot add 9% GST to their invoices.
*This guide highlights key points in a simplified manner and omits certain details. For application, a more in-depth understanding of relevant laws and regulations is required, so please consult us separately.
