|To encourage local entrepreneurship, Singapore Government has declared a full tax exemption for newly incorporated companies.
NEW START UP COMPANIES
|Full tax exemption is granted on the first $100,000 of Chargeable Income for qualifying new companies for the first three years of assessment consecutively||(%)|
|First S$100,000 chargeable profit||Nil|
|S$100,001 to S$300,000||8.5|
|Thereafter a Flat Rate of||17|
Singapore Company Registration Knowledge Base