These 10 points are designed for those investing into Singapore and those who have plans to do so. We aim to keep the points short and sweet, and to merely list snippets of relevant but easy to read information.
April 2025
- Approximately 77.8% of Singaporeans live in public housing developed by the Singapore government. The rest live in private or ‘landed properties’.
- The purchase price for a newly launched 90 square metre public housing apartment ranges from SGD 400,000 to 700,000.
- With effect from 31 March 2017, Singapore incorporated companies and limited liability partnerships (LLPs) are no longer required to use the common seal in the execution of documents as a deed, or other documents such as share certificates.
- The Singapore Companies Act requires all companies to maintain up-to-date registers of those in roles such as shareholders, directors, secretaries, auditors, CEOs – and controllers (roughly equal to ultimate beneficial owners).
- The world’s tallest indoor waterfall is in Singapore. It is called the “Rain Vortex” and is situated in Singapore Changi Airport.
- Employers are required to file tax clearance when: a non-Singapore citizen employee ceases employment, goes on an overseas posting, or plans to leave Singapore for more than three months.
- To encourage corporate volunteerism, businesses may claim 250% tax deduction on qualifying expenditure incurred from 1 Jul 2016 to 31 Dec 2026 when they send their employees to volunteer and provide services, including secondments, to Institutions of a Public Character (IPCs).
- The Enterprise Innovation Scheme (EIS) encourages businesses to engage in R&D, innovation, and capability development activities. Eligible businesses may opt to convert up to SGD 100,000 of the total qualifying expenditure incurred across all the qualifying activities for each Year of Assessment into cash at a conversion rate of 20%, in lieu of tax deductions / allowances, capped at $20,000 per Year of Assessment.
- The threshold for the exemption from being audited is assessed at group level, including the ultimate holding company and all its subsidiaries, including foreign companies.
- The maximum limit to how high buildings in Singapore can be built is 280 meters.
This message is not given in the form of an opinion, legal opinion or tax advice. If any of the information provided is of interest or relevance to you or your company we would strongly recommend you contact us or another qualified professional for specific advice.