Singapore’s Tax Incentives for Foreign Tech Companies
The trade conflict between the United States (US) and China caused headwinds in the global market. Despite the fluctuations in the global economy, Singapore remains resilient from the adverse effects of this challenge and clinches its spot as a major export hub in Asia. To nurture start-up businesses and encourage entrepreneurship, Singapore developed the tax exemption schemes to substantially reduce tax rates for new start-up companies.
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