ASIAPEDIA
Q&A
Under what circumstances are new start-up companies entitled to tax exemptions in Singapore?
Under what circumstances are new start-up companies entitled to tax exemptions in Singapore?
The start-up company must be incorporated in Singapore, be a tax resident in Singapore and have no more than 20 shareholders for the YA. The shareholders must hold the shares directly under their own names and be individuals beneficially. If they are not individuals beneficially, they must directly hold at least 10% of the issued ordinary shares.
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