Southeast Asia
Nomad Score
7/10
Avg Monthly Cost
$4,000
Internet Speed
110 Mbps
Safety
Very Safe
Singapore uses territorial taxation. Only Singapore-source income is taxed. No capital gains tax. Low progressive rates up to 22%. No dividend tax. Attractive for business structuring.
Income Tax
0-22%
Capital Gains
0%
VAT / Sales Tax
9% (GST)
Tax Year
calendar
Special Tax Regimes
tourist
On arrival Short Term Visit Pass for tourism, visiting friends and certain business activities for nationals who do not require an entry visa to Singapore.
tourist
Pre entry visa and Short Term Visit Pass for nationals who require a Singapore entry visa for tourism, visiting friends and short business trips.
special
Short term work pass that allows eligible young adults from certain countries to live and work in Singapore for up to six months as part of a work and holiday experience.
work
Core work pass for foreign professionals, managers and executives hired by Singapore based employers, allowing medium to long term residence and employment.
work
Work pass for foreign entrepreneurs who want to start and operate venture backed or innovative businesses in Singapore.
$4,000/month
Average for a comfortable nomad lifestyle
World-class healthcare system. Medisave (compulsory savings) and MediShield (basic insurance) for residents. Private hospitals are expensive but excellent.
Relatively easy with passport and proof of address. DBS, OCBC, and UOB are the big three. Robust digital banking ecosystem.
One of the safest cities in the world. Strict laws with severe penalties. Near-zero violent crime. Very clean and orderly.