Currently looking forward to start some business activity in Singapore, I was seriously wondering how that is done AS A FOREIGNER of Singapore. Briefly, you either start a "business" (French equivalent: EURL), with one person only, your income is taxed based on Income Tax, or your "company" (French equivalent: SARL), in which at least two people are needed and 1Euro is enough, tax being based on Company Tax. Most ...
Today I roughly compared the income and company tax in Singapore and in France. France : Company Tax = 36% / Income Tax = 40% if you earn over 65K Euros / year. Singapore : Company tax = 22% / Income Tax = 15% up to 60K Euros / year and the max is 20% if you earn more. Consequence, as an individual entrepreuneur, you keep for yourself: In France: (1-0.36)*(1-0.4) = ...
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