Singapore — Taxes

A low-tax hub, but read the residence rules Singapore levies no capital gains tax, no inheritance tax, and under its one-tier system dividends are not taxed a second time. Personal income tax is progressive to a top rate of 24%, corporate tax is 17%, and GST is 9%. Foreign-sourced income is generally not taxed unless received in Singapore, though the rules have conditions.

GIP is residence, not a passport The Global Investor Programme grants permanent residence for a main applicant investing from SGD 10 million in a business, SGD 25 million in a GIP-select fund, or running a qualifying single family office. It is a demanding, discretionary route aimed at established business owners and principals — not a passive investment ticket.

The citizenship reality Singapore does not allow dual citizenship. Naturalisation is possible only after a period as a permanent resident, is entirely discretionary, and requires renouncing your original nationality. Treat GIP as a premier residence and business base, and weigh naturalisation as a separate, later decision.

Residency, tax residence and duties elsewhere Becoming a Singapore tax resident turns on days of presence and employment, not on holding PR, and PR does not remove obligations to a country that taxes on citizenship, such as the United States. Compare Singapore with the residence route of Thailand and the zero-tax Gulf option of the UAE, read our residency hub and tax hub, and see how each figure is checked in our methodology.