Singapore
How Singapore performs
Tax
Light taxes. Singapore has one of the lightest tax burdens in the index, 21st of 123. You keep more of what you earn here than in most countries we cover. Personal income tax 0-24%, corporate tax 17%, VAT 9%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Very safe. Singapore is one of the most peaceful and stable countries in the index, 7th of 117.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Expensive. Singapore is one of the most expensive places to live in the index, 116th of 118. Plan for high everyday costs.
Source: Numbeo Cost of Living Index
Education
Excellent education. Singapore has one of the strongest education and knowledge systems in the index, 2nd of 120. A strong choice for families and for study.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 17% |
|---|---|
| Personal income tax | 0-24% Applicable tax rate varies based on the amount of income and residency status |
| Standard VAT | 9% Goods and service tax |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 2 years
- Language requirement
- No
- Investment Immigration Pathways
- Singapore Global Investor Programme
Singapore startup visa - Official languages
- Malay, English, Mandarin Chinese and Tamil
- Dual citizenship
- Allows with conditions
2 immigration pathways
Program terms change. Always confirm the current rules with the issuing authority before acting. This page is informational and is not legal or tax advice.
Uzbekistan
Malaysia
Kazakhstan
Kyrgyzstan